Financial effects of the acquisition and withdrawal of cautionary announcement 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”) ACQUISITION OF THE SHARES AND CLAIMS OF THE BUSINESS OF ISOLVE BUSINESS SOLUTIONS (PTY) LIMITED AND SQLDB TECHNOLOGIES SOLUTIONS (PTY) LIMITED (“THE TRANSACTION”) - FINANCIAL EFFECTS; AND - WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT 1. INTRODUCTION AND CONDITIONS PRECEDENT Shareholders are referred to the announcement released on SENS on 27 February 2013 and are advised that the conditions precedent relating to the acquisition by ITQ Business Solutions (Pty) Limited, Morvest’s 50% subsidiary, of 60% of the shares and claims of the issued share capital of both Isolve Business Solutions (Pty) Limited and SQLDB Technology Solutions (Pty) Limited from Bhavmon (Pty) Limited have been fulfilled as at the date of publication of this announcement. 2. UNAUDITED PRO FORMA FINANCIAL INFORMATION OF THE TRANSACTION The financial effects of the transaction are not significant (i.e are less than 3%) and are therefore not required to be disclosed. 3. WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are advised that as the financial effects of the transaction have now been disclosed, caution is no longer required to be exercised by shareholders when dealing in their securities, therefore the cautionary announcement has been withdrawn. 26 March 2013 Sponsor: Sasfin Capital (a division of Sasfin Bank Limited) Date: 26/03/2013 04:59:00 Produced by the JSE SENS Department.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.