MVS - Mvelaserve Limited - Updated Trading Statement

MVS - Mvelaserve Limited - Updated Trading Statement                            
MVELASERVE LIMITED                                                              
("Mvelaserve")                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1999/003610/06)                                           
Ordinary share code: MVS                                                        
Ordinary share ISIN: ZAE000151353                                               
UPDATED TRADING STATEMENT                                                       
Further to the trading statement released earlier today, which reported expected
reductions in statutory headline earnings per share of 60% to 70% lower than    
those of the prior half year and earnings per share of 75% to 85% lower than    
those of the prior half year. Mvelaserve would like to clarify that the         
reduction in the headline earnings _ and earnings per share is ascribed to once-
off write downs in the Cleaning and Catering businesses of the group. These once
off write downs will have an effect of between 16 and 20 cents on headline      
earnings _ and earnings per share.                                              
The above information has not been reviewed or reported on by the company`s     
auditors and the company`s results for the half year ended 31 December 2011 are 
expected to be published on or about 29 March 2012.                             
13 March 2012                                                                   
Sponsor:                                                                        
Investec Bank Limited                                                           
Date: 13/03/2012 17:05:01 Supplied by www.sharenet.co.za                     
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