MOR - Morvest Business Group Limited - Appointment to the board of directors

MOR - Morvest Business Group Limited - Appointment to the board of directors    
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")                                                    
APPOINTMENT TO THE BOARD OF DIRECTORS                                           
In terms of paragraph 3.59 of the JSE Limited`s Listings Requirements, the      
board of Morvest is pleased to advise                                           
1    that Mr Ahmed Mohammadali Haji has been appointed as independent           
non-executive director of the company and member of the company`s audit     
    committee with effect from 15 June 2011. Ahmed is a qualified chartered     
    accountant, and he is currently employed by the University of Johannesburg  
    as the subject head of Financial Accounting. Ahmed also holds professional  
and directorship positions in various other companies; and                  
2    that Mr Alexander Evan has been appointed as an executive director of the  
    company with effect from 15 June 2011. Alex has been a group executive      
    since 1 December 2005.                                                      
17 June 2011                                                                    
Designated Advisor                                                              
Sasfin Capital                                                                  
(A division of Sasfin Bank Limited)                                             
Date: 17/06/2011 14:24:01 Supplied by www.sharenet.co.za                     
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