Mvelaphanda Group Limited - Dealing In Securities By Directors

Mvelaphanda Group Limited - Dealing In Securities By Directors                  
MVELAPHANDA GROUP LIMITED                                                       
(Formerly Rebserve Holdings Limited)                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1995/004153/06)                                            
Share code: MVG                                                                 
ISIN: ZAE000060737                                                              
("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:          28 September 2005                                 
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:      R493 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:          28 September 2005                                 
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:      R9 331 875                                        
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 shares and 1 243 750 options/scheme shares held via the Rebserve Share      
Incentive Scheme.                                                               
Name of Director:             Brett Till                                        
Date of transaction:          28 September 2005                                 
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:             37 500                                            
Aggregate consideration:      R296 250                                          
Option grant date:            4 April 2001                                      
Option strike price:          R6.50                                             
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:          28 September 2005                                 
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:      R987 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 220242 shares   
and 125 000 options/scheme shares held via the Rebserve Share Incentive Scheme. 
Clearance in terms of paragraph 3.66 of the Listings Requirements has been      
obtained in respect of all of the above transactions.                           
Johannesburg                                                                    
Friday 30 September 2005                                                        
Issued by: Sponsor                                                              
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 30/09/2005 05:30:07 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department