VUN - Vunani in discussions with Kagiso Trust Investments regarding the

VUN - Vunani in discussions with Kagiso Trust Investments regarding the         
acquisition of Kagiso Securities                                                
VUNANI LIMITED                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/020641/06)                                            
JSE code: VUN                                                                   
ISIN: ZAE000110359                                                              
("Vunani or the company")                                                       
Vunani in discussions with Kagiso Trust Investments regarding the acquisition   
of Kagiso Securities                                                            
Vunani wishes to inform shareholders that it is currently in discussions with   
Kagiso Trust Investments regarding the possible acquisition of Kagiso           
Securities.  Any agreement in this regard is subject to regulatory approvals    
and a due diligence, which is currently underway.                               
The proposed acquisition is in line with Vunani`s stated strategy of building   
a strong financial services platform in South Africa and the region.  Should    
the transaction be successful, Kagiso Securities will be integrated with the    
rest of Vunani`s stockbroking business. The transaction is expected to          
enhance Vunani`s product offering.                                              
This proposed acquisition of Kagiso Securities is unrelated to the              
negotiations referred to in the cautionary announcement published by the        
company on 29 September 2010.  Furthermore, Vunani does not anticipate that     
the acquisition, if concluded, will be large enough to be categorised as        
either a Category 1 or 2 transaction in terms of the JSE Limited`s Listings     
Requirements, neither does Vunani anticipate that the acquisition will have a   
material effect on the company`s share price.  Shareholders of the company      
will be kept informed on developments as the process unfolds.                   
Sandton                                                                         
26 October 2010                                                                 
Independent Designated Adviser: Grindrod Bank Limited                           
Joint Designated Adviser: Vunani Corporate Finance                              
Date: 26/10/2010 16:25:01 Supplied by www.sharenet.co.za                     
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