VUNANI PROPERTY INVESTMENT FUND LTD - Notice of Sale of VPIF Linked Units and Directors Interests therein

Notice of Sale of VPIF Linked Units and Directors’ Interests therein

VUNANI PROPERTY INVESTMENT FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/019302/06)
JSE code: VPF
ISIN: ZAE000157459
(“the Company” or “VPIF”)

NOTICE OF SALE OF VPIF LINKED UNITS AND DIRECTORS’ INTERESTS
THEREIN AND NOTIFICATION IN TERMS OF SECTION 122(1) OF THE
COMPANIES ACT, 2008 (ACT 71 OF 2008), AS AMENDED

BACKGROUND
VPIF unitholders are referred to the announcements released on
SENS on 16 October 2012 and 12 October 2012, regarding the
disposal by Vunani Properties Proprietary Limited (“VP”), a
subsidiary of Vunani Limited, of part of its unitholding in
VPIF.

The information set out below is in terms of the JSE Limited
Listings Requirements as they relate to dealing in securities
by directors and their associates. The information below
reflects the disposal of indirect beneficial holdings in VPIF.

It should be noted that VPIF directors are not disposing of
their direct beneficial holdings in VPIF.


Class of securities:                Linked units (“lu”)
Date of trade[s], number of lu      4 865 965 lu on 14December
and price:                          2012 at 846.00 cpu
Total value of transaction:         R41 166 063.90
Nature of transaction[s]:           Sales
Where traded:                       Off market (block trade)

The following directors are affected by the above:

NAME           POSITION          NATURE OF       NAME OF
                                 INTEREST        ASSOCIATE AND
                                                 RELATIONSHIP
RF Kane        CEO               Indirect        Director of
                                 beneficial      Vunani
                                                 Properties
                                                 (Pty) Limited
PW Mackenzie   Executive         Indirect        Director of
               director          beneficial      Vunani
                                                 Properties
                                                 (Pty) Limited
EG Dube        Non-executive     Indirect        Director of
               director          beneficial      Vunani
                                                 Properties
                                                 (Pty) Limited
                                                 and Vunani
                                                 Limited
CE Chimombe-   Non-executive     Indirect        Director of
Munyoro        director          beneficial      Vunani
                                                 Limited

NOTIFICATION IN TERMS OF SECTION 122(1) OF THE COMPANIES ACT,
2008 (ACT 71 OF 2008), AS AMENDED (“Companies Act”)
In accordance with paragraph 3.83(b) of the Listings
Requirements and the above section of the Companies Act,
unitholders are advised that VP has notified the Company that
it has decreased its holding in the Company, such that its
interestin the units of the Company is now less than 5%.


Sandton
18 December 2012

Independent Lead Sponsor
Grindrod Bank Limited

Corporate Adviser and Joint Sponsor
Vunani Corporate Finance

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