VUN - Vunani Limited - Vunani Acquires Kagiso Securities Limited

VUN - Vunani Limited - Vunani Acquires Kagiso Securities Limited                
VUNANI LIMITED                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/020641/06)                                            
JSE code: VUN                                                                   
ISIN: ZAE000110359                                                              
("Vunani or the company")                                                       
VUNANI ACQUIRES KAGISO SECURITIES LIMITED                                       
Shareholders are referred to the SENS release of 26 October 2010, informing the 
market that Vunani through its wholly owned subsidiary Vunani Capital           
(Proprietary) Limited ("Vunani Capital") has entered into discussions with      
Kagiso Trust Investments (Proprietary) Limited ("Kagiso Investment Trust")      
regarding the acquisition of Kagiso Securities Limited ("Kagiso Securities").   
Vunani wishes to inform shareholders that it has reached an agreement with      
Kagiso Trust Investments whereby Vunani will acquire Kagiso Securities, subject 
to regulatory approvals.                                                        
The proposed acquisition is in line with Vunani`s stated strategy of building   
a strong financial services platform in South Africa and the region.            
Ethan Dube, CEO of Vunani commented:                                            
"I am very excited about this transaction. Combining the two businesses will    
strengthen our coverage and double the size of our equity team in a cost        
effective way. This will also allow us to take the competition head-on."        
"Vunani Capital is now positioned as a leading black owned operating financial  
services business providing asset management and investment banking services    
including research, an equities desk and a bonds desk."                         
This acquisition of Kagiso Securities is unrelated to the negotiations referred 
to in the cautionary announcement published by the company on 29 September 2010.
Furthermore, the acquisition will not be large enough to be categorised as      
either a Category 1 or 2 transaction in terms of the JSE Limited`s Listings     
Requirements.                                                                   
Sandton                                                                         
9 November 2010                                                                 
Independent Designated Adviser: Grindrod Bank Limited                           
Joint Designated Adviser: Vunani Corporate Finance                              
Date: 09/11/2010 15:50:04 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.