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MVG/MVGP - Mvelaphanda Group Limited - Redemption and Redemption Payment of Perpetual Preference Shares MVELAPHANDA GROUP LIMITED (Incorporated in the Republic of South Africa) Registration number 1995/004153/06 Ordinary share code: MVG Preference share code: MVGP Ordinary share ISIN: ZAE000060737 Preference share ISIN: ZAE000073540 ("Mvela Group", "the Company" or "the Group") Redemption and Redemption Payment of Perpetual Preference Shares As part of Mvelaphanda Group Limited`s commitment to its unbundling strategy, as announced at the annual results presentation of the Company on Thursday, 3 September 2009, the shareholders of Mvela Group perpetual preference shares ("perpetual preference shares") ("perpetual preference shareholders") are advised of the Company`s intention to redeem in full the perpetual preference shares ("the redemption"). The scheduled date of the redemption is 31 December 2011 ("the redemption date"). In accordance with Article 70.8 of the Company`s Memorandum of Incorporation, the Company shall have the option to redeem all or any of the preference shares held by preference shareholders on any calculation date, being either 30 June or 31 December after the final conversion date. The final conversion date for preference shareholders to convert their preference shares was Thursday, 4 November 2010. In order to give effect to the redemption, Mvela Group has issued to each of the perpetual preference shareholders a written notice on Thursday, 24 November 2011 notifying them of the Company`s intention to redeem in full the perpetual preference shares held by such perpetual preference shareholder. Perpetual preference shareholders will be paid for each perpetual preference share held, the deemed value of R10.00 plus the preference dividend for the six-month period ending 31 December 2011 (No. 13) of 36.1 cents and the arrear preference dividend for the six-month period ended 30 June 2011 (No.12) calculated up to 31 December 2011 of 38.14 cents, calculated on 80% of the ruling prime overdraft rate ("the redemption payment") on Tuesday, 3 January 2012. The timetable envisaged for the redemption and the redemption payment is as follows: Date Notices issued to perpetual preference Thursday, 24 November 2011 shareholders notifying them of the redemption Announcement of redemption released on SENS Thursday, 24 November 2011 Announcement of redemption published in two Friday, 25 November 2011 publications in the South African press Last day to trade to be able to participate in Thursday, 22 December 2011 the redemption and the redemption payment Perpetual preference shares suspended on the Friday, 23 December 2011 JSE trading system Record date to be recorded in the Company`s Friday, 30 December 2011 register to receive the redemption payment Redemption date Saturday, 31 December 2011 Perpetual preference shareholders accounts Tuesday, 3 January 2012 held at their CSDP or broker credited with the redemption payment Listing of perpetual preference shares Wednesday, 4 January 2012 terminated at commencement of trade on the JSE trading system For any queries please contact: Mr. Ernst Roth Tel: +27 11 684 2652 Email: info@mvelagroup.co.za Johannesburg 24 November 2011 Sponsor Deutsche Securities (SA) (Proprietary) Limited Date: 24/11/2011 16:30:46 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
