MVG/MNGP - Mvelaphanda Group Limited - Trading Statement

MVG/MNGP - Mvelaphanda Group Limited - Trading Statement                        
MVELAPHANDA GROUP LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
Registration number 1995/004153/06                                              
Ordinary Share Code: MVG                                                        
Ordinary Share ISIN: ZAE000060737                                               
Preference Share Code: MNGP                                                     
Preference Share ISIN: ZAE000004578                                             
("Mvela Group" or "the Company")                                                
TRADING STATEMENT                                                               
In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited,  
an issuer is required to publish a trading statement as soon as it is satisfied 
that a reasonable degree of certainty exists that the financial results for the 
next period to be reported on are expected to differ by at least 20% from those 
of the previous corresponding period.                                           
Accordingly, shareholders are advised that Mvela Group`s:                       
*Headline earnings per share for the year ended 30 June 2011 are expected to    
decrease to headline earnings per share of between 39 and 44 cents, compared to 
238,5 cents for the year ended 30 June 2010;                                    
*Earnings per share for the year ended 30 June 2011 are expected to decrease to 
a loss per share of between 24 and 27 cents, compared to earnings per share of  
212,7 cents for the year ended 30 June 2010; and                                
*Intrinsic net asset value per share at 30 June 2011 is expected to decrease to 
be between 347 and 384 cents compared to 1 136 cents at 30 June 2010.           
The financial information on which this trading statement is based has not been 
reviewed or reported on by Mvela Group`s external auditors.                     
The Company`s year end results are expected to be released on SENS on or about  
Monday, 15 August 2011.                                                         
Johannesburg                                                                    
11 August 2011                                                                  
Sponsor:                                                                        
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 11/08/2011 17:02:01 Supplied by www.sharenet.co.za                     
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