MVS - Mvelaserve Limited - Voluntary Announcement

MVS - Mvelaserve Limited - Voluntary Announcement                               
MVELASERVE LIMITED                                                              
("Mvelaserve")                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1999/003610/06)                                           
Ordinary share code: MVS                                                        
Ordinary share ISIN: ZAE000151353                                               
VOLUNTARY ANNOUNCEMENT                                                          
It was brought to our attention that the following was contained in the         
annual financial statements for the year ended 30 June 2011.                    
Note 25 to the financial statements made reference to Normalised earnings       
per share of 131,4 cents (2010: 112,4 cents) which was calculated by            
adjusting the Headline profit attributable to owners of the parent by           
exceptional items. In calculating these values net exceptional income to the    
value of R47 million had been adjusted relating to continued operations, but    
no adjustment was made for income, including exceptional income, from           
discontinued operations of R45 million. Had the income from discontinued        
operations been eliminated, the normalised earnings per share would have        
been 99,4 cents. Normalised earnings per share are not an International         
Financial Reporting Standards measurement and were included in the financial    
statements as additional disclosure to shareholders. The above does not have    
an effect on the disclosed earnings per share of 87,8 cents (2010: 112,7        
cents) or headline earnings per ordinary share of 159,8 cents (2010: 112,4      
cents).                                                                         
03 April 2012                                                                   
Sponsor:                                                                        
Investec Bank Limited                                                           
Date: 03/04/2012 17:33:11 Supplied by www.sharenet.co.za                     
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