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MVG / MVGP - Mvela Group Trading Statement In Respect Of The Six Months Ended 31 December 2008 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 2008 In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, 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 earnings per share for the six months ended 31 December 2008 is expected to be between 95% and 110% higher, compared to the six months ended 31 December 2007; and - earnings per share for the six months ended 31 December 2008 is expected to be between 95% and 110% higher compared to the six months ended 31 December 2007. - intrinsic net asset value per share is expected to decline between 30% and 40% compared to the previous corresponding period. The expected increase in the headline earnings per share and earnings per share as noted above are due to an upward fair value adjustment of Mvela Group`s strategic investments for the six months ended 31 December 2008 compared to the downward fair value adjustment posted in the six months ended 31 December 2007. Reduced cash levels and a more conservative approach in the valuation of subsidiaries gave rise in the above decline expected in Mvela Group`s intrinsic net asset value per share at 31 December 2008. The financial information contained in this trading statement has not been reviewed or reported on by Mvela Group`s external auditors. The company`s results are expected to be released on SENS on or about Thursday, 26 February 2009. Enquiries Mvelaphanda Group 011 290 4200 Ernst Roth 011 290 4230 College Hill 011 447 3030 Johannes van Niekerk 082 921 9110 Sandton 19 February 2009 Sponsor: Deutsche Securities (SA) (Proprietary) Limited Date: 19/02/2009 17:37:35 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.
