VUNANI PROPERTY INVESTMENT FUND LTD - Changes to the Board

Changes to the Board

Vunani Property Investment Fund Limited
(Registration number: 2005/019302/06)
ISIN: ZAE000157459
JSE code: VPF
(“VPIF” or “the Company”)


CHANGES TO THE BOARD


In terms of paragraph 3.59 of the JSE Limited Listings
Requirements, VPIF is pleased to advise unitholders of the
appointment, as independent non-executive directors, of Portia
Tau-Sekati and Kyansambo Vundla, to the board of the Company
effective 11 March 2013.

Portia Tau-Sekati
Portia is currently the CEO of The Property Sector Charter
Council. She has worked in various public and private entities
and has extensive knowledge and an expert in Transformation as
driven in SA by the BBBEE framework. Portia has extensive
knowledge   and   experience in  dealing  with   and  lobbying
government.

Kyansambo Vundla
Kyansambo graduated with a B.Comm from Rhodes University and
competed her articles with BDO Spencer Steward (JHB), during
which time she attained her CA(SA) qualification. She then moved
to London and worked for Credit Suisse First Boston. She has
gained experience in the field of financial Markets, pension
funds insurance, enterprise risk management and financial
management.

Sandton
11 March 2013

Sponsor
Grindrod Bank Limited

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