VUN - Vunani Limited - Results of the annual general meeting and chairman`s

VUN - Vunani Limited - Results of the annual general meeting and chairman`s     
statement                                                                       
VUNANI LIMITED                                                                  
(formerly Vunani Capital Holdings (Proprietary) Limited)                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/020641/06)                                            
JSE code: VUN                                                                   
ISIN: ZAE000110359                                                              
("Vunani" or "the company")                                                     
RESULTS OF THE ANNUAL GENERAL MEETING AND CHAIRMAN`S STATEMENT                  
RESULTS OF THE ANNUAL GENERAL MEETING:                                          
The board of Vunani advises that, at the Annual General Meeting of shareholders 
held on 19 June 2008, all the ordinary resolutions as set out in the notice of  
Annual General Meeting contained in the company`s 2007 Annual Report, were duly 
approved by the requisite majority.                                             
The special resolution granting a general mandate to the directors to conduct   
share repurchases at the appropriate time and within prescribed limits was      
similarly adopted and will be submitted to CIPRO for registration.              
CHAIRMAN`S STATEMENT:                                                           
At the company`s Annual General Meeting held today, Chairman Willy Ross said the
following:                                                                      
"Vunani has entered an exciting period of growth. Having largely completed the  
phase of building our internal resources and capabilities in financial services,
I`m pleased to say that we are now in a position to focus on growing our        
Financial Services business.                                                    
Vunani`s goal is to be the pre-eminent mid-size financial services company. At  
the time of our listing in November last year we undertook to shareholders that 
we would put in place the platforms necessary to realise this goal. Through the 
listing of Vunani we raised R175 million which has strengthened our balance     
sheet and has enabled us to do deals without giving away significant upside to  
funders . Following the listing we have also announced two major transactions;  
the first of which has given us a strong position in corporate finance and      
treasury services. More recently we announced a significant increase in our     
stake in Edge, one of South Africa`s largest managers of fund of hedge funds.   
Vunani now has four fully functional operating business areas covering fund     
management, investment banking, property and its active investment arm.         
Our primary goal for the coming years is to build the Financial Services        
businesses organically and by acquisition and we expect to see a marked increase
in assets under management, brokerage volumes and advisory work. This should    
translate to a continuation of the strong development of Vunani into the        
future."                                                                        
Johannesburg                                                                    
19 June 2008                                                                    
Designated Advisers                                                             
Merchant Sponsors (Proprietary) Limited                                         
Vunani Corporate Finance                                                        
Date: 19/06/2008 15:00:34 Supplied by www.sharenet.co.za                     
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