MVG   MVGP
MVG                                                                             
MVG/MVGP - Mvela Group - Announcement regarding Life Healthcare Group Holdings  
(Proprietary) Limited ("Life Healthcare") Press release and cautionary          
announcement to Mvela Group shareholders                                        
MVELAPHANDA GROUP LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
Registration number 1995/004153/06                                              
Ordinary share code: MVG                                                        
Preference share code: MVGP                                                     
Ordinary share ISIN: ZAE000060737                                               
Preference share ISIN: ZAE000073540                                             
("Mvela Group" or "the Company")                                                
ANNOUNCEMENT REGARDING LIFE HEALTHCARE GROUP HOLDINGS (PROPRIETARY) LIMITED     
("LIFE HEALTHCARE") PRESS RELEASE AND CAUTIONARY ANNOUNCEMENT TO MVELA GROUP    
SHAREHOLDERS                                                                    
On 20 November 2009, shareholders were informed that Life Healthcare had        
appointed corporate advisors to advise the board of Life Healthcare on strategic
options with regards to its shareholding.  This followed engagements with       
shareholders at the instance of Mvela Group which was subsequently followed by  
an announcement by Mvela Group on 3 September 2009 of its intentions to realise 
or unbundle its 22% stake in Life Healthcare to its shareholders.               
Life Healthcare has issued a press release today stating that following the     
strategic review between Life Healthcare`s board and its advisors, the preferred
route is to list Life Healthcare on the JSE Limited within nine months subject  
to market conditions and that further information regarding the proposed listing
will be announced in due course.                                                
Further to the conclusion of the strategic review, Mvela Group`s shareholders   
are advised that Mvela Group has entered into negotiations which, if            
successfully concluded, may have an effect on the price of the Company`s        
securities.  Accordingly, Mvela Group`s shareholders are advised to exercise    
caution when dealing in the Company`s securities until a further announcement is
made.                                                                           
8 March 2010                                                                    
Sponsor:                                                                        
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 08/03/2010 16:09:04 Produced by the JSE SENS Department.                  
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