VPF - Vunani Property Investment Fund Limited - Cautionary Announcement

VPF - Vunani Property Investment Fund Limited - Cautionary Announcement         
Vunani Property Investment Fund Limited                                         
(Registration number: 2005/019302/06)                                           
(formerly Vunani Property Investment Fund (Proprietary) Limited)                
ISIN: ZAE000157459                                                              
JSE code: VPF                                                                   
("VPIF" or "the Company")                                                       
CAUTIONARY ANNOUNCEMENT                                                         
Unitholders are advised that the Company is currently involved in negotiations  
in respect of property acquisitions that if concluded, could have a material    
effect on the price of VPIF`s units.  Unitholders are therefore advised to      
exercise caution in dealing with the units of VPIF until such time that a       
further announcement is made.                                                   
Sandton                                                                         
23 September 2011                                                               
Sponsor                                                                         
Grindrod Bank Limited                                                           
Date: 23/09/2011 07:05:01 Supplied by www.sharenet.co.za                     
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