MVG - Mvelaphanda Group Limited - Mvela Group net asset value ("NAV") update

MVG - Mvelaphanda Group Limited - Mvela Group net asset value ("NAV") update    
Mvelaphanda Group Limited                                                       
(Incorporated in the Republic of South Africa)                                  
Registration number: 1995/004153/06                                             
Ordinary share code: MVG                                                        
Ordinary share ISIN: ZAE000060737                                               
("Mvela Group" or "the Company")                                                
MVELA GROUP NET ASSET VALUE ("NAV") UPDATE                                      
INTRINSIC NAV AS AT 30 APRIL 2012                                               
                                     ZAR             ZAR                        
                                     30-Apr-12       31-Dec-11                  
NAV (millions)                        2,142           1,943                     
Shares in issue (millions)            520             529                       
NAV per share                         4.12            3.66                      
Ordinary share price                  3.45            3.50                      
Ordinary share price discount to NAV  16.3%                                     
                                                     4.4%                       
Notes                                                                           
1    All information is unaudited.                                              
2    The intrinsic NAV provides a measure of the underlying value of Mvela      
    Group`s assets and does not indicate when the investments will be realised, 
    nor does it guarantee the value at which the investments will be realised.  
3    For the purposes of determining the intrinsic values, listed investments on
recognised stock exchanges are valued using quoted bid prices and unlisted  
    investments are shown at directors` valuation.                              
4    Based on the net number of shares in issue on 30 April 2012.               
5    BEE shares issued in June 2007 and December 2010 have not been taken into  
account in calculating the intrinsic NAV per share as the minimum option    
    strike price of R9.18 is greater than the current Mvela Group ordinary      
    share price.                                                                
Portfolio Summary                                                               
Mvela Group`s NAV at 30 April 2012 comprised the following investments:         
Investment                                 ZAR                                  
                                          Millions                              
ABSA Group Limited (Batho Bonke)           1,364.4                              
Avusa Limited                              529.5                                
Group Five Limited                         50.7                                 
                                          1,944.6                               
Net cash / (debt)                          198.3                                
2,142.9                               

Portfolio Performance                                                           
Since 31 December 2011, the Company disposed of its remaining interest in       
Mvelaserve Limited, consisting of 8,960,060 ordinary shares for a total cash    
consideration of R93,705,357. The Company has disposed of its remaining interest
in Life Healthcare Group Holdings Limited, consisting of 7,749,921 ordinary     
shares and 7,000,000 collar ordinary shares for a total cash consideration of   
R328,142,141. Mvela Group has bought back 9,000,000 of its ordinary shares for a
total cash consideration of R31,180,313 equating to an average price per share  
of R3.46, these shares have subsequently been cancelled.                        
4 May 2012                                                                      
Johannesburg                                                                    
Sponsor: PSG Capital                                                            
For further information, please contact:                                        
Mvelaphanda Group        Andrew          +27(0)11 214 8508                      
Limited                  Bonamour                                               
PSG Capital (Pty)        David Tosi      +27(0) 21 887 9602                     
Limited                                                                         
Date: 04/05/2012 09:00:01 Supplied by www.sharenet.co.za                     
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