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Mon 27 Nov 2006, 15:48 Sabvest Limited - Underwriting of the rights issue
SBV   SVN
 SBV                                                                             
Sabvest Limited - Underwriting of the rights issue of Metrofile Holdings Limited
Sabvest Limited                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1987/003753/06)                                           
Ordinary shares  : Share code: SBV  ISIN: ZAE000006417                          
N Ordinary shares: Share code: SVN  ISIN: ZAE000012043                          
("Sabvest")                                                                     
UNDERWRITING OF THE RIGHTS ISSUE OF METROFILE HOLDINGS LIMITED                  
Shareholders are referred to the announcement released on SENS on               
15 September 2006 wherein Sabvest announced its intention to underwrite the     
rights issue proposed by Metrofile Holdings Limited ("the Metrofile             
Underwriting").                                                                 
Shareholders are advised that Sabvest did not receive any shares as a result of 
the Metrofile Underwriting as the rights issue was oversubscribed by existing   
shareholders directly and through excess applications.                          
Sandhurst                                                                       
27 November 2006                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 27/11/2006 03:48:08 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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