Fulfilment of the outstanding conditions precedent and finalisation announcement Muvoni Technology Group Limited (formerly known as “Ideco Group Limited”) Incorporated in the Republic of South Africa Registration number 2001/023463/06 Share code: MTG ISIN code: ZAE000167268 ("Muvoni” or the “Company") FULFILMENT OF THE OUTSTANDING CONDITIONS PRECEDENT AND FINALISATION ANNOUNCEMENT Muvoni shareholders are referred to the announcement published on SENS on 14 June 2013, regarding the approval at the Muvoni shareholders’ meeting, by the requisite majority of Muvoni shareholders present and voting in person or by proxy, of the scheme of arrangement proposed by the board of Muvoni between Muvoni and its shareholders (“the Scheme”). Shareholders are hereby advised that all the conditions has been fulfilled or waived, and therefore all conditions precedent to the Scheme, as detailed in the circular issued to Muvoni shareholders on 14 May 2013 (“the Circular”) have been fulfilled and accordingly the Scheme is now unconditional. In terms of the Scheme, each Muvoni shareholder other than the Excluded Shareholders will receive 20 cents in cash for every Muvoni share held (the “Scheme Consideration”): Important dates and times 2013 Last day to trade Muvoni shares on the JSE in order to be recorded in the Friday, 19 July register to receive the Scheme Consideration on Suspension of listing from the Alt-X board of the securities exchange owned Monday, 22 July and operated by the JSE of Muvoni shares at commencement of trading on Scheme record date, being the time and date on which scheme participants Friday, 26 July must be recorded in the register to receive the Scheme Consideration, which is expected to be by 17:00 on Expected operative date of the scheme on Monday, 29 July Scheme Consideration expected to be paid/posted to certificated scheme participants (if documents of title are received on or prior to 12:00 on the Monday, 29 July scheme record date) on or about Dematerialised scheme participants expected to have their accounts (held at Monday, 29 July their CSDP or broker) updated on Termination of listing of Muvoni shares from the Alt-X board of the securities Tuesday, 30 July exchange owned and operated by the JSE at the commencement of trading on or about Notes: 1. All times given in this document are local times in South Africa. 2. Share certificates may not be dematerialised or rematerialised after Friday, 19 July 2013. Rosebank 9 July 2013 Transactional Designated Advisor to Muvoni: PSG Capital Legal advisor to Muvoni: ENS Corporate Advisor to Muvoni: DEA-RU Date: 09/07/2013 02:15:00 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.