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VUN - VUNANI LIMITED - Vunani fund managers appoints Romeo Makhubela as Chief Executive Officer VUNANI LIMITED (Incorporated in the Republic of South Africa) (Registration number 1997/020641/06) JSE code: VUN ISIN: ZAE000110359 ("Vunani" or "the company") VUNANI FUND MANAGERS APPOINTS ROMEO MAKHUBELA AS CHIEF EXECUTIVE OFFICER Vunani Fund Managers, a subsidiary of JSE AltX listed Vunani Limited, today announced that Romeo Makhubela has been appointed as Chief Executive Officer with effect from 1 August 2011. Romeo joins Vunani Fund Managers from MMI Holdings` asset management business where he was Head of Portfolio Management and a director. He will take over the reins of CEO from Guy Fletcher who was carrying the dual responsibility of CEO and Chief Investment Officer of the business. Guy will remain as CIO and focus his energies more directly on the fund management and research processes. Romeo was previously Chief Investment Officer at Metropolitan Asset Managers (MetAM) responsible for asset allocation, portfolio construction and directing the firm`s investment strategy. Prior to this role, he was a senior portfolio manager at Stanlib within the multi-asset and core equity franchises. Ethan Dube, Vunani CEO commented "We are very excited to welcome Romeo to Vunani Fund Managers. His 15 years of industry experience will complement our substantial existing skill set." "This is a significant milestone for us and enables us to continue building a top performing black fund management business, both from an investment performance point of view and with respect to client relations and servicing." For further information, please call: Enquiries: Vunani Limited: Ethan Dube 011 263 9500 Vunani Limited: Butana Khoza 011 263 9500 College Hill: 011 447 3030 Morne Reinders: 082 815 1844 Sandton 13 July 2011 Independent Designated Adviser Grindrod Bank Limited Joint Designated Adviser Vunani Corporate Finance Date: 13/07/2011 12:15:01 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.
