Mvelaphanda Group Ltd - 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 SJ
Ordinary share ISIN: ZAE000060737
(Mvela Group or the Company)



           MVELA GROUP NET ASSET VALUE (NAV) UPDATE


               INTRINSIC NAV AS AT 30 JUNE        2012


                               ZAR         ZAR
                            30-June-     31-May-
                               12           12
NAV (millions)                  1,957       2,042
Shares in issue
(millions)                       521         520
NAV per share                   3.76        3.93
Ordinary share price            3.40        3.33
Ordinary share price
discount to NAV                 9.6%       15.3%


Notes

1   All information is unaudited.

2   The intrinsic NAV provides a measure of the underlying

    value of the Groups 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 June 2012.



Portfolio Summary


Mvela Groups NAV at 30 June 2012 comprised the following
investments:

Investment                               ZAR
                                    Millions
ABSA Group Limited (Batho
Bonke)                                  1,158.5
Avusa Limited                             531.3
Group Five Limited                61.5
                               1,751.3
Net cash / (debt)                206.2
                               1,957.5

Portfolio Performance


The intrinsic NAV per share decreased mainly due to the

decrease in the share price of ABSA Group Limited. The

investment portfolio continues to perform in line with
expectations.

9 July 2012


Johannesburg

Sponsor: PSG Capital

Date: 09/07/2012 09:00:00 Supplied by www.sharenet.co.za                     
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