SBG - Simeka Business Group Limited - Results of the general meeting

SBG - Simeka Business Group Limited - Results of the general meeting            
SIMEKA BUSINESS GROUP LIMITED                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration No. 2003/012583/06)                                               
Share code: SBG    ISIN code: ZAE000074878                                      
("Simeka" or "the Company")                                                     
RESULTS OF THE GENERAL MEETING                                                  
Shareholders are advised that at the general meeting held today, Tuesday, 18    
January 2011, all the special and ordinary resolutions set out in the circular  
to shareholders dated, 2 December 2010 and proposed at the meeting were passed  
by the requisite majority of shareholders.                                      
The special resolution to change the name of the Company to Morvest Business    
Group Limited will be lodged with the Companies and Intellectual Property       
Registration Office in due course. A finanlisation announcement will be made on 
Friday, 25 February 2011.                                                       
By order of the Board                                                           
18 January 2011                                                                 
Designated Advisor                                                              
Sasfin Capital                                                                  
(A division of Sasfin Bank Limited)                                             
Date: 18/01/2011 14:07:05 Supplied by www.sharenet.co.za                     
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