Further cautionary announcement MVELASERVE LIMITED (Incorporated in the Republic of South Africa) Registration number 1999/003610/06 Ordinary share code: MVS Ordinary share ISIN: ZAE 000151353 (“Mvelaserve” or “the Company”) FURTHER CAUTIONARY ANNOUNCEMENT Further to the cautionary announcement released on SENS on 19 June 2013 and in the press on 20 May 2013, and to the joint announcements released by the Company with Bidvest Group Limited ("Bidvest") on SENS on 28 May 2013 and in the press on 29 May 2013 in respect of the firm intention letter received by the Company from Bidvest ("Proposed Transaction"), shareholders are advised that the independent board of directors, together with the independent expert, are still formulating their opinions on the Proposed Transaction which, when concluded, may have a material effect on the price of the Company’s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company’s securities until a further announcement is made. For all enquiries, please contact: Mvelaserve communication advisor: College Hill Nick Williams or Frederic Cornet 011 447 3030 Johannesburg 31 July 2013 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) Communications Advisors to Mvelaserve: College Hill Date: 31/07/2013 11:00:00 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.