Mvelaphanda Group Limited - Dealing in securities by directors

Mvelaphanda Group Limited - Dealing in securities by directors                  
MVELAPHANDA GROUP LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1995/004153/06)                                            
Ordinary Share code: MVG                                                        
Ordinary shares ISIN: ZAE000060737                                              
Preference share code: MVGP                                                     
Preference share ISIN: SAE000073540                                             
("the Company" or "MVG")                                                        
Dealing in securities by directors                                              
In compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements ("the     
Listing Requirements"), the following dealings in securities by directors are   
disclosed:                                                                      
Name of Director:             Stephen Levenberg                                 
Date of transaction:          7 September 2006                                  
Class of security:            Ordinary shares of 0,1 cent each                  
Nature of transaction:        Sale of shares following the purchase of such     
                              shares at the option strike price set out below,  
                              pursuant to the exercise of options.              
Number of shares:             62 500                                            
Aggregate consideration:      R548 750                                          
Option grant date:            10 April 2002                                     
Option strike price:          R5.60                                             
Vesting periods:              25% after one year from the option grant date, a  
                              further 25% after two years from the option grant 
                              date, a further 25 % after 3 years from the option
                              grant date and the final 25% after four years from
the option grant date.                            

Nature of interest:           Indirect beneficial                               
Delivery and payment for the shares has been completed in terms of the Rebserve 
Share Incentive Scheme.                                                         
Date of transaction:          7 September 2006                                  
Class of security:            Ordinary shares of 0,1 cent each                  
Nature of transaction:        Sale of shares following the purchase of such     
shares at the                 option strike price set out below, pursuant to the
exercise of options.                              

Number of shares:             1 181 250                                         
Aggregate consideration:      R10 371 375                                       
Option grant date:            2 September 2002                                  
Option strike price:          R4.79                                             
Vesting periods:              25% after one year from the option grant date, a  
                              further 25% after two years from the option grant 
                              date, a further 25 % after 3 years from the option
grant date and the final 25% after four years from

                              the option grant date.                            
Nature of interest:           Indirect beneficial                               
Delivery and payment for the shares has been completed in terms of the Rebserve 
Share Incentive Scheme.                                                         
Following the abovementioned transactions, the total direct and indirect        
interests of Stephen Levenberg in MVG securities at the date hereof is 11 876   
800 ordinary shares.                                                            
Name of Director:             Brett Till                                        
Date of transaction:          7 September 2006                                  
Class of security:            Ordinary shares of 0,1 cent each                  
Nature of transaction:        Sale of shares following the purchase of such     
shares at the option strike price set out below,  

                              pursuant to the exercise of options.              
Number of shares:             125 000                                           
Aggregate consideration:      R1 097 500                                        
Option grant date:            2 September 2002                                  
Option strike price:          R4.79                                             
Vesting periods:              25% after one year from the option grant date, a  
                              further 25% after two years from the option grant 
date, a further 25 % after 3 years from the option

                              grant date and the final 25% after four years from
                              the option grant date.                            
Nature of interest:           Indirect beneficial                               
Delivery and payment for the shares has been completed in terms of the Rebserve 
Share Incentive Scheme.                                                         
Following the abovementioned transactions, the total direct and indirect        
interests of Brett Till in MVG securities at the date hereof is 220 242 ordinary
shares.                                                                         
Clearance in terms of paragraph 3.66 of the Listings Requirements has been      
obtained in respect of all of the above transactions.                           
Johannesburg                                                                    
Monday, 11 September 2006                                                       
Issued by: Sponsor                                                              
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 11/09/2006 05:00:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department