MORVEST BUSINESS GROUP LIMITED - Share repurchase programme

Share repurchase programme

MORVEST BUSINESS GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 2003/012583/06)
Share code: MOR    ISIN code:   ZAE000152567
(“Morvest” or “the Company”)


Close Period Share Repurchase Programme

Morvest announces that an agreement has been entered into in relation to
the purchase of its shares by a subsidiary company during its closed
period, which commences on 1 December 2012 and ends on 28 February 2012
when the company's results are expected to be published.

The maximum number of shares to be repurchased during this period is 45
million for an aggregate consideration of R9 million

The mandate in the agreement is for an irrevocable, non-discretionary
programme to purchase the Company's shares. Any purchases will be effected
within certain pre-set parameters within the limits of the programme, the
Listings Requirements of the JSE Limited, the Companies Act and the
special resolution passed by Morvest shareholders at the Annual General
Meeting held on 29 November 2012.


30 November 2012

Sponsor
Sasfin Capital
(a division of Sasfin Bank Limited)


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