VUN - Vunani - Changes to the board and results of annual general meeting

VUN - Vunani - Changes to the board and results of annual general meeting       
VUNANI LIMITED                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/020641/06)                                            
JSE code: VUN                                                                   
ISIN: ZAE000110359                                                              
("Vunani" or "the company")                                                     
CHANGES TO THE BOARD AND RESULTS OF ANNUAL GENERAL MEETING                      
Further to the announcement, dated 22 July 2010, and in compliance with         
paragraph 3.59 of the Listings Requirements of the JSE Limited, the board of    
Vunani wishes to advise shareholders that Mr. Guy Frawley has stepped down from 
the board of directors. Mr. Frawley will remain an executive in the Vunani      
Group, and moves to the property division to drive various new initiatives.     
Accordingly, the appointment of Aphrodite Judin as the company`s Financial      
Director has been expedited and will take effect immediately.                   
Furthermore, the board of Vunani advises that, at the Annual General Meeting of 
shareholders held on the 19th August 2010, all the resolutions as set out in the
notice of Annual General Meeting contained in the company`s 2009 Annual Report  
were duly approved by the requisite majority, with the exception of Ordinary    
Resolution 4 proposing the re-appointment of WG Frawley, which was accordingly  
withdrawn.                                                                      
The relevant special resolution will be submitted to CIPRO for registration.    
Sandton                                                                         
19 August 2010                                                                  
Independent Designated Adviser                                                  
Grindrod Bank Limited                                                           
Joint Designated Adviser                                                        
Vunani Corporate Finance                                                        
Date: 19/08/2010 17:06:03 Supplied by www.sharenet.co.za                     
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