MVS - Mvelaserve - Disposal of a subsidiary

MVS - Mvelaserve - Disposal of a subsidiary                                     
Mvelaserve Limited                                                              
Incorporated in the Republic of South Africa)                                   
Registration number: 1999/003610/06)                                            
ISIN: ZAE000151353                                                              
Share Code: MVS                                                                 
("Mvelaserve")                                                                  
Disposal of a subsidiary                                                        
Further to the announcement released on Sens this morning relating to the       
disposal of Contract Forwarding shareholders are advised that Contract          
Forwarding is a an international freight forwarding and customs broker providing
import and export services through an international network of agents.          
Specifically the company further provides customs consultancy and clearance     
services as well as freight warehousing. As mentioned in the earlier            
announcement the Disposal follows a decision by Mvelaserve to focus on higher   
margin sectors                                                                  
Centurion                                                                       
18 June 2012                                                                    
Sponsor:Investec Bank Limited                                                   
Date: 18/06/2012 17:44:01 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.