Trading Statement Morvest Business Group Limited (Incorporated in the Republic of South Africa) (Registration number 2003/012583/06) Share code: MOR ISIN code: ZAE000152567 (“Morvest” or “the company”) TRADING STATEMENT Morvest shareholders are advised that for the year ended 31 May 2014 the company expects: - revenue to be between 14% and 16% higher than revenue for the year ended 31 May 2013 of R956 164 000; - headline earnings to be between 15% and 17% higher than headline earnings for the year ended 31 May 2013 of R40 032 000; - headline earnings per share to be between 23% and 26% higher than headline earnings per share for the year ended 31 May 2013 of 8.20 cents per share; - earnings per share to be between 226% and 229% higher than earnings per share for the year ended 31 May 2013 of 2.38 cents per share; - Net tangible asset value per share to be between 13% and 15% higher than net tangible asset value per share for the year ended 31 May 2013 of 12.80 cents per share; - earnings per share based on 880 million actual shares in issue as at 31 May 2014 to be between 4 and 5 cents per share for the year ended 31 May 2014; and - headline earnings per share based on 880 million actual shares in issue as at 31 May 2014 to be between 5 and 6 cents per share for the year ended 31 May 2014. The financial results on which this trading statement has been based have not been reviewed or reported on by the company’s auditors and is published in accordance with the JSE Limited Listings Requirements. The financial results of the company will be published on SENS on or about 29 August 2014. 26 August 2014 Sponsor Sasfin Capital (A division of Sasfin Bank Limited) Date: 26/08/2014 10:35:00 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.