Clarification regarding special resolution no 3 in 2014 notice of AGM 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”) CLARIFICATION REGARDING SPECIAL RESOLUTION NUMBER 3 IN THE 2014 NOTICE OF ANNUAL GENERAL MEETING (“AGM”) Shareholders of Morvest (“Shareholders”) are referred to the notice of AGM (“Notice”) incorporated in the 2014 integrated annual report which was distributed to shareholders on 21 October 2014 and specifically to special resolution number 3. Further to the above, Shareholders are hereby advised that the table included in special resolution number 3 setting out the fees payable to non-executive directors was incorrectly disclosed in that the figures for the FY2015 and FY2014 were transposed. Accordingly, for the avoidance of doubt the table is set out below: Proposed fee Approved for the year fee for the ending 31 year ended May 2015 31 May 2014 Annual fee Non-executive directors Chairman of the board R337 080 R318 000 Board Member R269 664 R254 400 Meeting fee Non-executive directors Chairman of the board R3 652 R3 445 Members of the board R1 405 R1 325 Chairman of Audit and Risk Committee R2 809 R2 650 Member of Audit and Risk Committee R1 405 R1 325 Chairman of all other committees R1 405 R1 325 Members of all other committees R1 124 R1 060 Johannesburg 27 October 2014 Sponsor: Sasfin Capital (A division of Sasfin Bank Limited) Date: 27/10/2014 04:00:00 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.