MOR - Morvest Business Group Limited - Transfer of Morvest`s listing from

MOR - Morvest Business Group Limited - Transfer of Morvest`s listing from       
Alternative Exchange to the Main Board - "Business Support Services" of The JSE 
Limited                                                                         
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")                                                    
TRANSFER OF MORVEST`S LISTING FROM ALTERNATIVE EXCHANGE ("ALTx") TO THE MAIN    
BOARD - "BUSINESS SUPPORT SERVICES" OF THE JSE LIMITED ("JSE")                  
The directors of Morvest are pleased to advise shareholders that the JSE has    
approved an application for the transfer of Morvest`s listing from the ALTx to  
the JSE Main Board - "Business Support Services (2791)" with effect from the    
commencement of business on Monday, 20 June 2011.                               
The authorised share capital of Morvest that will transfer to JSE Main Board is 
R150 000 divided by 1 500 000 000 ordinary shares of R0.0001 each and the issued
share capital is R67 916 divided by 679 158 613 ordinary shares of R0.0001 each.
The nature of business of Morvest is, and will remain, that of providing        
business support services including professional services, outsourcing and      
technology solutions.                                                           
The names and addresses of the directors are:                                   
Mohammed Varachia                  10 Kikuyu Road, Sunninghill, 2191            
Suren Singh                        10 Kikuyu Road, Sunninghill, 2191            
Madoda Papiyana                    10 Kikuyu Road, Sunninghill, 2191            
Nishani Singh                      10 Kikuyu Road, Sunninghill, 2191            
Popo Molefe (Dr)                   10 Kikuyu Road, Sunninghill, 2191            
Ben Marx (Professor)               10 Kikuyu Road, Sunninghill, 2191            
Yvonne Mhinga                      10 Kikuyu Road, Sunninghill, 2191            
Johannesburg                                                                    
13 June 2011                                                                    
Sponsor                                                                         
Sasfin Capital                                                                  
(a division of Sasfin Bank Limited)                                             
Date: 13/06/2011 15:55:04 Supplied by www.sharenet.co.za                     
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