VUN - Vunani Limited - Trading update

VUN - Vunani Limited - Trading update                                           
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")                                                     
TRADING UPDATE                                                                  
In terms of the Listings Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as they are satisfied that a reasonable  
degree of certainty exists that the financial results for the period to be      
reported on will differ by at least 20% or more from the financial results for  
the previous corresponding period.                                              
Vunani is currently finalising its results for the six months ended 30 June 2008
and shareholders are advised that earnings and headline earnings per share for  
the six months ended 30 June 2008 are expected to be between 175% and 195% less 
than those of the previous corresponding period, mainly as a result of fair     
value adjustments against listed investments. However, after-tax profit         
generated by the Financial Services segment of the company is expected to       
increase by between 10% and 30% for the six months ended 30 June 2008.          
The financial information on which this trading statement is based has not been 
reviewed or reported on by the company`s auditors.                              
The company`s results for the six months ended 30 June 2008 are expected to be  
published on SENS during the week ending 29 August 2008.                        
Johannesburg                                                                    
15 August 2008                                                                  
Lead Designated Adviser                                                         
Merchant Sponsors (Proprietary) Limited                                         
Joint Designated Adviser                                                        
Vunani Corporate Finance                                                        
Date: 15/08/2008 16:29:41 Supplied by www.sharenet.co.za                     
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