Trading statement 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”) TRADING UPDATE Morvest shareholders are advised that for the 12 month period ended 31 May 2013 the company expects: - revenue to be between 8% and 10% higher than for the 12 month period ended 31 May 2012; - headline earnings to be between 10% and 12% higher than for the 12 month period ended 31 May 2012; - headline earnings per share to be between 15% and 20% higher than for the 12 month period ended 31 May 2012; - earnings per share to be between 2% and 3% higher than for the 12 month period ended 31 May 2012; - Net tangible asset value to increase to between 12 cents and 13 cents per share. The increase is largely attributable to the investment into immovable property. The financial results on which this trading update has been based have not been reviewed or reported on by the company’s auditors. This trading update is required in terms of the JSE’s Listings Requirements. The financial results of the company will be published on SENS on or about 27 August 2013. 22 August 2013 Sponsor Sasfin Capital (A division of Sasfin Bank Limited) Date: 22/08/2013 04:52:00 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.