Results of Annual 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”) RESULTS OF THE ANNUAL GENERAL MEETING The board of directors of Morvest hereby advises that at the Annual General Meeting of shareholders held on Friday, 21 November 2014, the following resolutions, as set out in the notice of annual general meeting which was incorporated in the Summarised Integrated Annual Report distributed to shareholders on 21 October 2014, were duly approved by the requisite majority of shareholders present and voting: Resolution Number of % of shares % of % of votes % of votes shares voted in shares carried for against the voted in person or abstained the resolution person or by proxy resolution by proxy Ordinary Business 1 Adoption of the annual financial 607 238 131 69% 0% 99.99648% 0.00352% statements for the period ended 31 May 2014 2 2.1) Re -election of Mr NY Mhinga 607 238 131 69% 0% 99.87748% 0.12252% as a director 2.2) Re-election of Mr B Marx as a 607 238 131 69% 0% 99.99648% 0.00352% director 2.3) Re-election of Mr A 607 238 131 69% 0% 99.98001% 0.01999% Mohammadali-Haji as a director 3 Re-Appoint Mazars (Gauteng) Inc. 607 238 131 69% 0% 99.87748% 0.12252% as auditors 4 4.1) To appoint Mr B Marx as a 607 238 131 69% 0% 99.99648% 0.00352% member of the Audit and Risk Committee 4.2) To appoint Mr NY Mhinga as a 607 238 131 69% 0% 99.99648% 0.00352% member of the Audit and Risk Committee 4.3) To appoint Mr A Mohammadali- 607 238 131 69% 0% 99.98001% 0.01999% Haji as a member of the Audit and Risk Committee 5 To allot and issue ordinary shares 607 238 131 69% 0% 85.02334% 14.97666% for cash 6 Approval of remuneration policy for 607 238 131 69% 0% 99.99648% 0.00352% non-executive directors 7 To authorise the directors or the 607 238 131 69% 0% 99.99648% 0.00352% company secretary to sign documentation Special Business 1 To give directors general authority 607 238 131 69% 0% 85.15881% 14.84119% to repurchase company shares 2 To authorise Morvest to provide 607 238 131 69% 0% 99.99648% 0.00352% direct or indirect financial assistance to one or more related or interrelated companies 3 Approval of non-executive directors’ 607 238 131 69% 0% 99.87748% 0.12252% remuneration 4 Approval of name change to 607 238 131 69% 0% 99.99648% 0.00352% Morvest Group Limited The special resolutions, where appropriate, will be filed with the Companies and Intellectual Property Commission. Johannesburg 21 November 2014 Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 21/11/2014 11:55:00 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.