VUN - Vunani Limited - Issue of shares pursuant to the purchase consideration

VUN - Vunani Limited - Issue of shares pursuant to the purchase consideration   
relating to the acquisition of a stake in Edge Holding Company (Proprietary)    
Limited In 2008                                                                 
VUNANI LIMITED                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/020641/06)                                            
JSE code: VUN                                                                   
ISIN: ZAE000110359                                                              
("Vunani")                                                                      
ISSUE OF SHARES PURSUANT TO THE PURCHASE CONSIDERATION RELATING TO THE          
ACQUISITION OF A STAKE IN EDGE HOLDING COMPANY (PROPRIETARY) LIMITED IN 2008    
Shareholders are referred to the announcements, dated 10 June 2008 and 19 June  
2008, relating to the acquisition of an additional 35% stake in Edge            
In terms of the agreement, the purchase consideration clause contained a        
provision that an additional maximum amount of R43.75 million would be payable  
("agterskot") subject to a formula relating to the funds under Edge`s management
growing to a certain level by 28 February 2009.  Shareholders are advised that  
an additional amount of R27.75 million is payable in terms of this "agterskot"  
which will be settled by the allotment and issue of 114 367 925 Vunani shares at
an issue price of 24.2647 cents each to the Edge acquisition vendors.           
Application will be made to the JSE Limited for the listing of these shares.    
Sandton                                                                         
27 July 2009                                                                    
Lead Designated Adviser                                                         
Grindrod Bank Limited                                                           
Corporate and Joint Designated Adviser                                          
Vunani Corporate Finance                                                        
Date: 27/07/2009 12:58:18 Supplied by www.sharenet.co.za                     
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