RESULTS OF GENERAL MEETING OF MVELA GROUP ORDINARY SHAREHOLDERS Mvelaphanda Group Limited Incorporated in the Republic of South Africa Registration number: 1995/004153/06 Ordinary share code: MVG ISIN code: ZAE000060737 (“Mvela Group” or “the Company”) RESULTS OF GENERAL MEETING OF MVELA GROUP ORDINARY SHAREHOLDERS Defined terms used in this announcement shall have the meanings given to them in the circular posted to Mvela Group ordinary shareholders on 18 June 2012 ("the Circular"). 1. Introduction Mvela Group ordinary shareholders are referred to the announcement dated 12 June 2012 and the Circular, in which, inter alia, Mvela Group ordinary shareholders were advised of the scheme of arrangement in terms of section 114 of the Companies Act proposed by Times Media Group Limited (“TMG”), a wholly owned subsidiary of Mvela Group, between Avusa and Avusa shareholders (“the Scheme”), the specific repurchase in terms of section 48 of the Companies Act and paragraph 5.69 of the Listings Requirements by Mvela Group of the Treasury Shares; and the proposed distribution by Mvela Group of all of the shares held by it in TMG to Mvela Group ordinary shareholders in the entitlement ratio, in terms of section 46 of the Companies Act and in accordance with section 46 of the Income Tax Act, to the extent applicable. 2. Results of the general meeting Mvela Group ordinary shareholders are advised that at the general meeting of shareholders held on Thursday, 16 August 2012 (“General Meeting”), an overwhelming majority of Mvela Group ordinary shareholders passed all the special and ordinary resolutions as set out in the notice of general meeting. 3. Outstanding conditions precedent Mvela Group ordinary shareholders are reminded that the Scheme is still subject to the fulfilment of certain conditions precedent, including the receipt of unconditional approvals, consents or waivers from the South African, Botswana and the Namibian competition authorities. Shareholders will be advised on the fulfilment of all the conditions precedent in due course. Melrose Arch 16 August 2012 Merchant bank Legal adviser Rand Merchant Bank, a division of First Webber Wentzel Rand Bank Limited Promoter and arranger Sponsor Blackstar Group Proprietary Limited PSG Capital Independent expert Reporting accountants BDO Corporate Finance PKF (JHB) Inc. Communications adviser Brunswick South Africa Limited Date: 16/08/2012 02:51:00 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.