Mvela Group-Results of the general meeting and implementation of the disposal

Mvela Group-Results of the general meeting and implementation of the disposal   
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")                                                                 
Results of the general meeting and implementation of the disposal of Mvela      
Group"s 22.9% shareholding in Mvelaphanda Resources Limited ("the disposal")    
At the general meeting of Mvela Group ordinary shareholders held on Monday 28   
August 2006, the resolutions to approve and implement the disposal were passed  
by the requisite majority of votes of Mvela Group ordinary shareholders.        
Accordingly, the disposal has become unconditional in all respects and has been 
implemented. The purchase price payable in terms of the disposal, being R1.183  
billion, has been received by Mvela Group.                                      
Sandton                                                                         
28 August 2006                                                                  
Merchant bank and transaction sponsor                                           
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Attorneys                                                                       
Bowman Gilfillan Inc.                                                           
Reporting accountants                                                           
PKF (Jhb) Inc.                                                                  
Independent expert                                                              
PKF Corporate Finance (Proprietary) Limited                                     
Date: 28/08/2006 03:23:05 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department