MOR - Morvest Business Group - Financial effects of Mint Management Technology

MOR - Morvest Business Group - Financial effects of Mint Management Technology  
(Pty) Ltd disposal of certain intellectual property - withdrawal of cautionary  
announcement                                                                    
MORVEST BUSINESS GROUP LIMITED                                                  
(Previously Simeka Business Group Limited)                                      
(Incorporated in the Republic of South Africa)                                  
(Registration No. 2003/012583/06)                                               
Share code: MOR    ISIN code: ZAE000152567                                      
("Morvest" or "the Company")                                                    
-FINANCIAL EFFECTS OF MINT MANAGEMENT TECHNOLOGY (PTY) LTD DISPOSAL OF CERTAIN  
INTELLECTUAL PROPERTY                                                           
-WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                                          
Shareholders are referred to the SENS announcement dated 9 March 2011 setting   
out the details of the disposal of certain intellectual property of Mint        
Management Technology (Pty) Ltd, and are advised that the financial effects of  
the disposal are not  significant (i.e. are less than 3%)and are therefore not  
required to be disclosed. Accordingly shareholders are no longer required to    
exercise caution when dealing in the company`s securities.                      
Johannesburg                                                                    
18 March 2011                                                                   
Designated Advisor:  Sasfin Capital                                             
(A division of Sasfin Bank Limited)                                             
Date: 18/03/2011 11:28:01 Supplied by www.sharenet.co.za                     
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