VUNANI LIMITED - Dealings in securities by directors

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

DEALINGS IN SECURITIES BY DIRECTORS


In compliance with paragraphs 3.63 to 3.64 of the Listings Requirements of
JSE Limited ("Listings Requirements"), the following dealings took place by
directors of Vunani Limited:

Name of director               EG Dube
Date of acceptance of award:   29 February 2016

Type of transaction:           Acceptance of retention shares awarded in
                               terms of the share scheme approved by

                               shareholders on 21 July 2015*
Nature of interest:            Direct
Number of ordinary shares:     608 483
Price:                         160 cents
Value of transaction:          R973 572.80


Name of director               M Anderson
Date of acceptance of award:   29 February 2016

Type of transaction:           Acceptance of retention shares awarded in
                               terms of the share scheme approved by

                               shareholders on 21 July 2015*
Nature of interest:            Direct
Number of ordinary shares:     409 971
Price:                         160 cents
Value of transaction:          R655 953.60


Name of director               B Khoza
Date of acceptance of award:   29 February 2016

Type of transaction:           Acceptance of retention shares awarded in
                               terms of the share scheme approved by

                               shareholders on 21 July 2015*
Nature of interest:            Direct
Number of ordinary shares:     409 971
Price:                         160 cents
Value of transaction:          R655 953.60

Name of director               A Judin
Date of acceptance of award:   29 February 2016

Type of transaction:           Acceptance of retention shares awarded in
                               terms of the share scheme approved by

                               shareholders on 21 July 2015*
Nature of interest:            Direct
Number of ordinary shares:     251 575
Price:                         160 cents
Value of transaction:          R402 520



* The shares awarded will vest on 28 February 2019 if the above individuals
are still employed by Vunani Limited or one of its subsidiaries.


Clearance was obtained in terms of paragraph 3.66 of the Listings
Requirements and dealing is off-market.

Sandton
1 March 2016

Designated Adviser
Grindrod Bank Limited


Date: 01/03/2016 04:58:00 Supplied by www.sharenet.co.za                     
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