VUN - Vunani Limited - Acquisition Of A 51% Interest In Jala Group

VUN - Vunani Limited - Acquisition Of A 51% Interest In Jala Group              
VUNANI LIMITED                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/020641/06)                                            
JSE code: VUN                                                                   
ISIN: ZAE000110359                                                              
("Vunani")                                                                      
ACQUISITION OF A 51% INTEREST IN JALA GROUP                                     
Vunani Capital (Proprietary) Limited has acquired a 51% interest in Jala Group  
("Jala") for a nominal amount, which will be re-named Vunani Technology Ventures
("VTV") ("the transaction").  The remaining 49% will be held by the existing    
management of VTV.  The new business will create a platform for investments into
technology companies by offering  advisory and investment banking to high-      
growth, mid-market software entrepreneurs.  The acquisition will combine the    
investment banking expertise and black empowerment credentials of Vunani with   
the IT skills and experience of Jala.                                           
CLASSIFICATION OF THE TRANSACTION                                               
The transaction does not fall within paragraph 21.10 of the JSE Listings        
Requirements.                                                                   
Sandton                                                                         
28 May 2010                                                                     
Independent Designated Adviser                                                  
Grindrod Bank Limited                                                           
Joint Designated Adviser                                                        
Vunani Corporate Finance                                                        
Date: 28/05/2010 11:52:01 Supplied by www.sharenet.co.za                     
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