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MVG/MVGP - Mvelaphanda Group Limited - Announcement regarding the exercise of the Life Healthcare Overallotment option MVELAPHANDA GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1995/004153/06) Ordinary share code: MVG ISIN: ZAE000060737 Preference share code: MVGP ISIN: ZAE000073540 ("Mvela Group" or "the Company") ANNOUNCEMENT REGARDING THE EXERCISE OF THE LIFE HEALTHCARE OVERALLOTMENT OPTION Holders of ordinary shares and preference shares of Mvela Group ("Shareholders") are referred to the announcement released on the Securities Exchange News Service ("SENS") on Tuesday, 22 June 2010 and in the national press on Wednesday, 23 June 2010. It was announced therein that pursuant to the listing of Life Healthcare Group Holdings Limited ("Life Healthcare") on the exchange operated by the JSE Limited (the "Life Healthcare Listing"), Mvela Group through its wholly owned subsidiary Mvelaphanda Strategic Investments (Proprietary) Limited ("MSI"), would participate in the 30 day overallotment option (the "Life Healthcare Overallotment Option") which MSI, together with other shareholders of Life Healthcare, granted the joint-global coordinators and joint bookrunners of the Life Healthcare Listing. Further to the announcement released on SENS today by Life Healthcare regarding the exercise, in part, of the Life Healthcare Overallotment Option, Shareholders are advised that Mvela Group (through MSI) has disposed of 9,920,338 ordinary shares in Life Healthcare thereunder, for which it will be receiving total gross proceeds of R133,924,563. Following the abovementioned exercise, in part, of the Life Healthcare Overallotment Option, Mvela Group through MSI holds an effective 3.30% interest in Life Healthcare. In addition, prior to Health Strategic Investments Limited ("Health") acquiring Newshelf 778 (Proprietary) Limited and the subsequent unbundling of Health, as set out in the circular to Shareholders dated Monday, 28 June 2010, Mvela Group holds an effective 14.24% interest in Life Healthcare through Health. Johannesburg 12 July 2010 Merchant bank, structuring adviser and transaction sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Sponsor Deutsche Securities (SA) (Proprietary) Limited Reporting Accountants PKF (Jhb) Inc. Attorneys Bowman Gilfillan Inc. Advisers to Mvela Group Afropulse Group (Proprietary) Limited Financial PR adviser College Hill Date: 12/07/2010 17:15:03 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
