VIF - Vividend Income Fund Limited - Resignation of a Non-Executive Director &

VIF - Vividend Income Fund Limited - Resignation of a Non-Executive Director &  
changes in functions of directors                                               
Vividend Income Fund Limited                                                    
Previously known as Business Venture Investments No 1381 (Proprietary) Limited  
Incorporated in the Republic of South Africa                                    
(Registration Number 2010/003232/06)                                            
JSE Alpha Code:  VIF                                                            
ISIN: ZAE000150918                                                              
("Vividend" or "the Company")                                                   
CHANGES TO THE VIVIDEND BOARD OF DIRECTORS                                      
RESIGNATION OF DIRECTOR                                                         
In accordance with paragraph 3.59(b) of the Listings Requirements of the JSE    
Limited, the Vividend board of directors ("the Board") hereby notifies Vividend 
linked unitholders that Mr Giancarlo Lanfranchi has resigned as a non-executive 
director with immediate effect. The Board takes this opportunity to thank him   
for his contribution to the Company and wishes him well in his future           
endeavours.                                                                     
CHANGES IN FUNCTIONS OF DIRECTORS                                               
In accordance with paragraph 3.59(c) of the Listings Requirements of the JSE    
Limited, the Board hereby notifies Vividend linked unitholders of the following 
changes to the functions of directors serving on the Board, with immediate      
effect.                                                                         
Mr Alan Witt`s ("Alan") directorate designation will change from non-executive  
director to executive director.                                                 
Alan holds an electrical engineering degree (BSc Elec Eng) from the University  
of the Witwatersrand and has extensive experience in both property management   
and property redevelopment, with specific focus on cost rationalisation, process
redesign and system streamlining.                                               
Further, Mr Mark Sandak-Lewin`s directorate designation will change from        
executive director to non-executive director.                                   
Cape Town                                                                       
12 March 2012                                                                   
Sponsor                                                                         
PSG Capital                                                                     
Date: 12/03/2012 10:41:07 Supplied by www.sharenet.co.za                     
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