MORVEST BUSINESS GROUP LIMITED - Clarification regarding special resolution no 3 in 2014 notice of AGM

Clarification regarding special resolution no 3 in 2014 notice of AGM

MORVEST BUSINESS GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2003/012583/06)
Share code: MOR     ISIN code: ZAE000152567
(“Morvest” or “the Company”)

CLARIFICATION REGARDING SPECIAL RESOLUTION NUMBER 3 IN THE
2014 NOTICE OF ANNUAL GENERAL MEETING (“AGM”)


Shareholders of Morvest (“Shareholders”) are referred to the notice of AGM
(“Notice”) incorporated in the 2014 integrated annual report which was distributed
to shareholders on 21 October 2014 and specifically to special resolution number
3.


Further to the above, Shareholders are hereby advised that the table included in
special resolution number 3 setting out the fees payable to non-executive
directors was incorrectly disclosed in that the figures for the FY2015 and FY2014
were transposed. Accordingly, for the avoidance of doubt the table is set out
below:



                                                      Proposed fee       Approved
                                                        for the year    fee for the
                                                          ending 31    year ended
                                                          May 2015         31 May
                                                                              2014
Annual fee
Non-executive directors

Chairman of the board                                    R337 080       R318 000
Board Member                                             R269 664       R254 400


Meeting fee
Non-executive directors

Chairman of the board                                       R3 652         R3 445
Members of the board                                        R1 405         R1 325
Chairman of Audit and Risk Committee                        R2 809         R2 650
Member of Audit and Risk Committee                          R1 405         R1 325
Chairman of all other committees                            R1 405         R1 325
Members of all other committees                             R1 124         R1 060




Johannesburg
27 October 2014


Sponsor: Sasfin Capital
(A division of Sasfin Bank Limited)

Date: 27/10/2014 04:00:00 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.