Results of General Meeting 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”) FURTHER ANNOUCEMENT REGARDING THE DISPOSAL OF MORVEST’S SHAREHOLDING IN R AND S CONSULTING PROPRIETARY LIMITED (“R&S”) (“TRANSACTION”) AND THE RESULTS OF GENERAL MEETING 1. INTRODUCTION Morvest shareholders (“Shareholders”) are referred to the announcements published by the Company on 3 July 2014 and 18 August 2014, as well as the circular issued to Shareholders on 29 August 2014 (“Circular”) regarding the proposed disposal of Morvest’s 50.01% interest in R&S (“Transaction”). The aggregate purchase consideration payable to Morvest for the Transaction would include an agterskot payment, which would be subject to the renewal of certain agreements with a key client (“Agreements”) by 30 September 2014 (“Agterskot”). 2. AGTERSKOT The Agreements were renewed on 30 September 2014, and the Agterskot is now due and payable to the shareholders of R&S. The aggregate consideration payable to Morvest for the Transaction, including Morvest’s agreed portion of the Agterskot, is R73.3 million. 3. RESULTS OF THE GENERAL MEETING Shareholders are advised that at the general meeting of the Company held today, 6 October 2014 (“General Meeting”), the resolution required to give effect to the Transaction as set out in the notice convening the General Meeting incorporated in the Circular was passed without modification by the requisite majority of shareholders. Resolution Number of % of shares % of % of votes % of votes shares voted voted in shares carried for against the in person or person or abstained the resolution by proxy by proxy resolution Ordinary resolution 523 728 786 59.51% 0% 99.99618% 0.00382% number 1 – Approval of the disposal of Morvest’s 50.01% interest in R&S 4. CONDITIONS PRECEDENT As the last condition precedent (approval by the majority of shareholders in the General Meeting) has been fulfilled, the agreement relating to the Transaction has become unconditional in accordance with its terms. Johannesburg 6 October 2014 Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Reporting Accountant Mazars (Gauteng) Inc. Date: 06/10/2014 03:31:00 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.