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MVG/ MVGP - Mvela Group - Trading statement in respect of the six months ended 31 December 2007 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") MVELA GROUP TRADING STATEMENT IN RESPECT OF THE SIX MONTHS ENDED 31 DECEMBER 2007 In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited ("the JSE") a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from those of the previous corresponding period. Shareholders are accordingly advised that: - Mvela Group`s headline loss per share for the six months period ended 31 December 2007 is expected to be between 150% and 160% lower, compared with the six months ended 31 December 2006 resulting in a headline loss per share of between 93c and 112c; - The loss per share for the six months period ended 31 December 2007 is expected to be between 155% and 165% lower compared to the six months ended 31 December 2006 resulting in a loss per share of between 92c and 108c, as a result of fair value adjustments on its investments; and - Mvela Group`s intrinsic NAV is expected to decline between 10% and 15% compared to the sixth months ended 31 December 2006. Mvela Group`s major investments, being Absa Group Ltd ("Absa"), Life Healthcare Group (Pty) Ltd ("Life Healthcare") and Group Five Ltd ("Group Five") are accounted for at fair value. These investments have been adversely impacted by the downturn in the equities market and consequently the fair value adjustment on investments is expected to be between R620 million and R680 million lower for the six months to 31 December 2007 compared to a R978 increase in the corresponding period. Mvela Group is confident that the underlying operations of each of its major investments will continue to perform well over the medium to long term. This is consistent with the Company`s investment horizon. The performance of the three above-mentioned investments in their last reporting periods is as follows: - Absa - 19.6% growth in headline earning for the year ended 31 December 2007; - Group Five - 80% growth in the headline earning per share for the six months ended 31 December 2007; and - Life Healthcare - 19% compounding growth in EBITDA over the past three years. The financial information on which the trading statement is based has not been reviewed or reported on by Mvela Group`s external auditors. The company`s interim results are expected to be released on Wednesday, 27 February 2008. Enquiries Mvelaphanda Group 011 290 4200 Ernst Roth 011 290 4230 College Hill 011 447 3030 Johannes van Niekerk 082 921 9110 Sandton 20 February 2008 Sponsor: Deutsche Securities (SA) (Proprietary) Limited Date: 20/02/2008 07:39:22 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.
