Further Trading Update 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”) FURTHER TRADING UPDATE Further to the trading update dated 6 February 2013, Morvest shareholders are advised that for the 6 month period ended 30 November 2012 the company expects: - revenue has increased between 5% and 7% in comparison to the prior period; - headline earnings per share has increased between 5% and 7% in comparison to the prior period; - earnings per share to be between (0.5) cents and (1.0) cents per share down from 4.87 cents in comparison to the prior period largely due to goodwill impairment and intangible write-off which are both non-cash items; - diluted earnings per share to be between (0.5) cents and (1.0) cents per share down from 3.87 cents in comparison to the prior period largely due to goodwill impairment and intangible write-off which are both non-cash items; - net tangible asset value per share increased to between 5 cents and 6 cents from 3.71 in comparison to the prior period; The financial results on which this trading update has been based have not been reviewed or reported on by the company’s auditors. The financial results of the company will be published on SENS and in the press on or about 20 February 2013. 7 February 2013 Sponsor Sasfin Capital (A division of Sasfin Bank Limited) Date: 07/02/2013 09:17:00 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.