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VUN - Vunani Limited - Vunani sets up Zimbabwe advisory business and wins its first mandate VUNANI LIMITED (Incorporated in the Republic of South Africa) (Registration number 1997/020641/06) JSE code: VUN ISIN: ZAE000110359 ("Vunani" or "the company") VUNANI SETS UP ZIMBABWE ADVISORY BUSINESS AND WINS ITS FIRST MANDATE Vunani today announced that it has established a new business in Zimbabwe called Vunani Capital Zimbabwe, in partnership with Andrew Mari. Vunani Capital Zimbabwe shall provide corporate advisory and investment services to its clients in Zimbabwe and South Africa. Vunani Capital Zimbabwe is owned 49% by Vunani. The balance of the shareholding shall be owned by Andrew Mari and warehoused for employees and other local Zimbabwe investors. Andrew Mari is a Zimbabwean citizen and until recently has been running his own advisory and investment business in Zimbabwe. Previously, he ran a corporate and project finance boutique in South Africa. He is a seasoned investment banker, having moved to South Africa in the early 1990s to join UAL Merchant Bank. Andrew has been appointed the Chief Executive Officer of Vunani Capital Zimbabwe and will be based in Harare, Zimbabwe. Vunani is also pleased to announce that Vunani Capital Zimbabwe has been engaged to provide financial advisory services to the National Indigenisation Economic Empowerment Board ("NIEEB"). The NIEEB has been established by the Government of Zimbabwe to facilitate and implement empowerment transactions in that country. Ethan Dube, Vunani CEO commented "We are very pleased to welcome Andrew to the Vunani Group and our partnership with him to build an advisory and investment capability in Zimbabwe. The indigenisation and empowerment process in Zimbabwe presents an opportunity to Vunani to advise our clients in South Africa and elsewhere on commercially acceptable solutions to indigenisation requirements in that country. We are well versed with empowerment deal structuring and capital raising in South Africa and would like to utilise this experience in playing a meaningful role in Zimbabwe." For further information, please call: Enquiries: Vunani Limited: Ethan Dube 011 263 9500 Vunani Limited: Butana Khoza 011 263 9500 Vunani Capital Zimbabwe: Andrew Mari 083 251 5251 +263 779 043 026 College Hill: 011 4473030 Morne Reinders: 082 815 1844 Sandton 9 September 2011 Independent Designated Adviser Grindrod Bank Limited Joint Designated Adviser Vunani Corporate Finance Date: 09/09/2011 12:20:02 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.
