MVG / MVGP- Mvelaphanda Group Limited - Results of the Annual General Meeting

MVG / MVGP-  Mvelaphanda Group Limited - Results of the Annual General Meeting  
Mvelaphanda Group Limited                                                       
(Incorporated in the Republic of South Africa)                                  
Registration number 1995/004153/06                                              
Ordinary share code:     MVG                                                    
Preference share code:   MVGP                                                   
Ordinary share ISIN:     ZAE000060737                                           
Preference share ISIN:   ZAE000073540                                           
("Mvela Group" or "the Company")                                                
Results of the Annual General Meeting                                           
At the 15th annual general meeting of Mvela Group shareholders held at 11:00 on 
Tuesday 26 October 2010, all the resolutions proposed thereat have been passed  
with the requisite majority, other than two special resolutions relating to the 
authority for Mvela Group or its subsidiaries to repurchase Mvela Group ordinary
shares and Mvela Group preference shares.                                       
The BEE shareholders who voted against the special resolutions hold 124 425 156 
shares out of 492 906 111 shares represented at the meeting, equating to 25,24%.
The BEE shareholders have indicated that they will support the special          
resolutions relating to the repurchase by Mvela Group or its subsidiaries of    
Mvela Group ordinary shares and Mvela Group preference shares after the         
unbundling of Mvelaserve Limited ("Mvelaserve"). This is to preclude Mvela Group
from acquiring additional Mvelaserve shares before the unbundling. The Company  
will therefore re-submit the special resolutions to be included in the          
Mvelaserve unbundling circular which is to be circulated to Mvela Group         
shareholders in due course.                                                     
Johannesburg                                                                    
26 October 2010                                                                 
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 26/10/2010 16:17:01 Supplied by www.sharenet.co.za                     
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