VUNANI LIMITED - Reviewed Provisional Condensed Consolidated Results for the Year Ended 29 February 2024

Reviewed Provisional Condensed Consolidated Results for the Year Ended 29 February 2024

VUNANI LIMITED
Incorporated in the Republic of South Africa
Registration number: 1997/020641/06
JSE code: VUN ISIN: ZAE000163382
"Vunani" or "the company" or "the group"



REVIEWED PROVISIONAL CONDENSED CONSOLIDATED RESULTS FOR THE YEAR ENDED 29 FEBRUARY
2024

    - Revenue and insurance revenue up 2% to R665.2 million

    - Operating profit down 56% to R55.2 million

    - Earnings per share decreased to 9.0 cents (2023: 33.0 cents)

    - Headline earnings per share decreased to 7.4 cents (2023: 30.1 cents)

    - A final dividend declared for the year ended 29 February 2024 of 9.0 cents (2023: 11.0 cents)



Vunani's performance for the year ended 29 February 2024 was down in comparison to the prior year.
The group generated total comprehensive income for the period of R24.2 million (Restated 2023:
R57.9 million), while total profit attributable to equity holders of the company amounted to R14.4
million (Restated 2023: R52.4 million).

The group's reporting segments include fund management, asset administration, insurance,
investment banking (advisory services and institutional securities broking).



DIVIDEND DECLARED

Notice is hereby given that a gross ordinary dividend of 9.0 cents per share has been declared out of
income reserves on 21 June 2024 and are payable to ordinary shareholders in accordance with the
following timetable.

In terms of dividend tax effective since 1 April 2012, the following additional information is disclosed:

•     The local Dividends Withholding Tax rate is 20%
•     161 155 915 shares are in issue
•     The gross ordinary dividend is 9.00000 cents per share for shareholders exempt from paying
      Dividends Withholding Tax
•     The net ordinary dividend is 7.20000 cents per share for ordinary shareholders who are not
      exempt from Dividends Withholding Tax
•     Vunani Limited's tax reference number is 9841003032
Event                                                                                   2024

Declaration and finalisation date announcement                                Friday, 21 June

Last day to trade cum dividend                                                Tuesday, 9 July

Shares commence trading ex-dividend                                        Wednesday, 10 July

Record date                                                                   Friday, 12 July

Dividend payment date                                                         Monday, 15 July



No dematerialisation or rematerialisation of shares will be allowed for the period from Wednesday,
10 July 2024 to Friday, 12 July 2024, both dates inclusive.

Dividends are declared in the currency of the Republic of South Africa. The directors have confirmed
that the company will satisfy the liquidity and solvency requirements immediately after the payment
of the dividend.

REVIEW CONCLUSION

The condensed consolidated financial statements for the year ended 29 February 2024 have been
reviewed by BDO Inc., who expressed an unmodified review opinion. The auditor's report does not
necessarily report on all of the information contained in this announcement/financial results.
Shareholders are therefore advised that in order to obtain a full understanding of the nature of the
auditors engagement they should obtain a copy of the auditor's review report together with the
accompanying financial information which is available for inspection on the Company's website at the
following web link https://www.vunanilimited.co.za/investor-relations/compliance/ or from the
issuers registered office.

This short-form announcement is the responsibility of the directors and is only a summary of the
information in the full announcement and does not contain full or complete details. The full
announcement was released on SENS on 21 June 2024 and can be found on the company's website at
https://www.vunanilimited.co.za/investor-relations/financial-results/ and at
https://senspdf.jse.co.za/documents/2024/jse/isse/VUN/ye2024.pdf

Copies of the full announcement may also be requested at the company's registered office, or the
office of the sponsor at no charge, during office hours.

Any investment decision should be based on the full announcement published on the company's
website.



By order of the board

Ethan Dube and Tafadzwa Mika
CEO and CFO

21 June 2024


CORPORATE INFORMATION

Executive directors

E Dube (Chief Executive Officer)
T Mika (Chief Financial Officer)
BM Khoza
NM Anderson



Non-executive directors

LI Jacobs – independent chairman
NS Mazwi – independent
G Nzalo – independent
JR Macey – independent
S Mthethwa
M Golding



Company secretary

CIS Company Secretaries Proprietary Limited



Sponsor

Vunani Sponsors



Financial communications adviser

Singular Systems Proprietary Limited



Transfer secretaries

Singular Systems Proprietary Limited

Date: 21-06-2024 09:01:00
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