BVT - The Bidvest Group Limited - Results Of Annual General Meeting And

BVT - The Bidvest Group Limited - Results Of Annual General Meeting And         
Voluntary Trading Update                                                        
THE BIDVEST GROUP LIMITED                                                       
("Bidvest" or "the company")                                                    
(Registration number 1946/021180/06)                                            
Share code: BVT ISIN ZAE 000050449                                              
RESULTS OF ANNUAL GENERAL MEETING AND VOLUNTARY TRADING UPDATE                  
Shareholders are advised that futher to the Annual General Meeting held today   
November 17 2009, special resolution number 1 and ordinary resolutions          
numbers 1,2,3,4, 5, 6.1 to 6.8 and 7.1 proposed in the notice to ordinary       
shareholders dated October 26  2009 were passed without modification by the     
requisite majority of shareholders. The special resolution will be lodged       
with CIPRO for registration, in due course.                                     
Trading update:                                                                 
Trading conditions remain reasonably tough, however they are expected to        
improve in the coming months leading up to the Soccer World Cup and beyond.     
Most of the divisions have, during the quarter to September 2009, achieved      
better profits and asset management than the corresponding period in the        
prior year. The quality of earnings should improve towards the end of the       
current financial year and performance is anticipated to be in line with        
expectations.                                                                   
Performance of the recent acquisition in Eastern and Central Europe are in      
line with expectations.                                                         
This trading update has not been reviewed or reported on by the company`s       
auditors.                                                                       
Johannesburg                                                                    
November 17  2009                                                               
By order of the Board                                                           
Sponsor:                                                                        
Investec Bank Limited                                                           
Date: 17/11/2009 15:15:10 Supplied by www.sharenet.co.za                     
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