FEATURES

Major Transactions with Anglo Platinum and Northam announced;
Market volatility and operational issues impact negatively on results;
Lower attributable loss of R237 million compared with R1 billion in previous corresponding period;
Fundamental outlook for precious metals and diamonds positive.

REVIEW OF RESULTS

CORPORATE ACTIVITY

The Anglo Platinum and Northam Transactions

On 4 September 2007, Mvela Resources, Anglo Platinum and Northam (“the parties”), announced concurrent transactions, which, subject to the relevant approvals being obtained, would result in Mvela Resources acquiring 53.1 million Northam shares and 50% of the Booysendal Platinum Project (“Booysendal”) from Anglo Platinum for R4 billion (funding of which has been secured; R1.5 billion from current cash reserves and a R2.5 billion preference share facility with Nedbank), and Northam acquiring 100% of Booysendal from Mvela Resources for a consideration of 125 million new Northam shares.

FINANCIALS

›	Group Balance Sheet
›	Group Income Statement
›	Group Statement of Changes in Equity
›	Group Cash Flow Statement
›	Group Segmental Results
›	Notes

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