VUNANI LIMITED - Appointment of independent non-executive director

Appointment of independent non-executive director

VUNANI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/020641/06)
JSE code: VUN
ISIN: ZAE000163382
(“Vunani” or “the company”)

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

In accordance with paragraph 3.59 of the Listings Requirements
of the JSE Limited, shareholders are advised that Dr Xolile
Pallo Guma has been appointed as an independent non-executive
director to the Vunani board with effect from 1 July 2013.

Dr Guma served in various capacities in the Economics
Department of the University of Swaziland during the period
1978-1990 and was the Director of the Social Science Research
Unit of the said University from 1990 until 1994 when he
returned to South Africa.

He has served on various academic boards including that of
the Economic Research Unit of the University of Natal and has
had extensive experience as an economic consultant to bodies
such as the United Nations Development Programme (Swaziland),
the African Development Bank, government departments and
private sector organisations.

He joined the South African Reserve Bank in July 1995 as an
Economist and subsequently held the posts of Deputy Head of
the Research Department, Head of the Policy Development and
Review Division in the same department and subsequently
Advisor to the Governors. He was appointed as Deputy Governor
of the Reserve Bank in August 2001 and subsequently as Senior
Deputy Governor; a post he held until his retirement in July
2011.

Vunani welcomes Dr Guma to the Board and looks forward to his
contribution to the growth and success of the Vunani group of
companies.


14 June 2013
Sandton

Designated Adviser
Grindrod Bank Limited

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