VUN - Vunani Limited - Renewal of Cautionary Announcement

VUN - Vunani Limited - Renewal of Cautionary Announcement                       
VUNANI LIMITED                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/020641/06)                                            
JSE code: VUN                                                                   
ISIN: ZAE000110359                                                              
("Vunani" or "the company")                                                     
RENEWAL OF CAUTIONARY ANNOUNCEMENT                                              
Shareholders are referred to the cautionary announcement released on the        
Securities Exchange News Service of the JSE Limited ("JSE") on 8 April 2011     
wherein the board and shareholders of the Vunani Property Investment Fund (Pty) 
Ltd. ("VPIF") passed a resolution, authorising VPIF to list on the main board of
the JSE.                                                                        
The board is in the process of obtaining the relevant regulatory approvals      
required, and accordingly, shareholders are advised to continue to exercise     
caution when dealing in the company`s securities until a further announcement is
made.                                                                           
Sandton                                                                         
27 May 2011                                                                     
Independent Designated Adviser                                                  
Grindrod Bank Limited                                                           
Joint Designated Adviser                                                        
Vunani Corporate Finance                                                        
Date: 27/05/2011 11:41:36 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.