Momentum - Acquisition of shares in Advantage

Momentum - Acquisition of shares in Advantage                                   
Momentum Group Limited                                                          
Registration number                                                             
1904/002186/06                                                                  
("Momentum")                                                                    
ACQUISITION OF SHARES IN ADVANTAGE                                              
Momentum is proud to announce that its subsidiary Momentum International Multi- 
Managers Limited ("MIMM") will acquire the shareholding in Advantage Asset      
Managers (Pty) Limited ("Advantage") that it does not already hold from M Cubed 
Holdings Limited for an amount of R140 million ("the transaction").  MIMM and   
WDB Investment Holdings Limited will then own all the shares in Advantage.  The 
transaction is still subject to certain regulatory approvals.                   
Momentum regards Advantage as a strategic investment and intends to build       
strongly on the success that has been achieved since the creation of Advantage. 
Advantage is the second largest multi-manager in South Africa, with R42.5       
billion of assets under management and administration and has a strong and      
dedicated management team.                                                      
Centurion                                                                       
17 November 2005                                                                
Merchant bank                                                                   
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Attorneys                                                                       
Hofmeyr Herbstein & Gihwala Inc.                                                
Date: 17/11/2005 05:53:07 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department