VUN - Vunani Limited - Change In Directors` Shareholding

VUN - Vunani Limited - Change In Directors` Shareholding                        
VUNANI LIMITED                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/020641/06)                                            
JSE code: VUN                                                                   
ISIN: ZAE000110359                                                              
("Vunani" or "the Company")                                                     
CHANGE IN DIRECTORS` SHAREHOLDING                                               
Vunani shareholders are referred to the claw-back offer circular, dated 15      
February 2010. Pursuant to the renounceable claw-back offer to Vunani           
shareholders of 3 136 000 000 claw-back shares, Vunani entered into an agreement
with Vunani Group (Proprietary) Limited ("VG"), the controlling shareholder of  
Vunani, The End Trust, Mabone Trust, Nicam Trust and AC Nissen ("Nissen")("the  
agreement").  On 25 February 2010, in terms of the agreement, VG transferred 59 
707 800 Vunani shares (of its holding of 746 250 000 Vunani shares) to Nissen in
return for Nissen`s 6.8% holding in VG. As Vunani is currently in a closed      
period, the JSE was consulted and approved the share transfer arrangement set   
out in the agreement                                                            
Accordingly, the beneficial indirect holdings of the below-listed directors of  
Vunani have changed as follows:                                                 
Directors                             Before the issue of     After the issue of
                                        shares to Nissen       shares to Nissen 
                                             297,881,884            274,048,219 
EG Dube and associates                                                          
BM Khoza and associates                       186,125,669            171,233,670
NM Anderson and associates                    186,125,669            171,233,670
Sandton                                                                         
26 February 2010                                                                
Independent Designated Adviser                                                  
Grindrod Bank Limited                                                           
Joint Designated Adviser                                                        
Vunani Corporate Finance                                                        
Date: 26/02/2010 14:36:03 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.