VUN - Vunani - Fulfilment of condition precedent

VUN - Vunani - Fulfilment of condition precedent                                
VUNANI LIMITED                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/020641/06)                                            
JSE code: VUN                                                                   
ISIN: ZAE000110359                                                              
("Vunani" or "the company")                                                     
FULIFILMENT OF CONDITION PRECEDENT - SALE OF VUNANI`S INVESTMENT IN EDGE        
HOLDING COMPANY (PROPRIETARY) LIMITED ("EDGE") AND VUNANI PRIVATE EQUITY        
PARTNERS (PROPRIETARY) LIMITED ("VPEP")                                         
Shareholders are referred to the announcement published by the company on       
SENS on 23 March 2011 wherein they were advised that Vunani had reached an      
agreement with the Edge acquisition vendors to, inter alia, dispose of its      
entire investment in Edge and VPEP and to cancel the agterskot shares ("the     
settlement agreement").                                                         
Shareholders are accordingly advised that the condition precedent to the        
settlement agreement has been fulfilled and that the settlement agreement       
has become unconditional.                                                       
Sandton                                                                         
15 April 2011                                                                   
Independent Designated Adviser                                                  
Grindrod Bank Limited                                                           
Joint Designated Adviser                                                        
Vunani Corporate Finance                                                        
Date: 15/04/2011 16:51:01 Supplied by www.sharenet.co.za                     
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