VUNANI PROPERTY INVESTMENT FUND LTD - Programme to Repurchase Units in a Closed Period

Programme to Repurchase Units in a Closed Period

VUNANI PROPERTY INVESTMENT FUND LIMITED
Granted REIT status by the JSE
(Incorporated in the Republic of South Africa)
(Registration number 2005/019302/06)
JSE code: VPF
ISIN: ZAE000157459
(“VPIF” or “the company”)


PROGRAMME TO REPURCHASE UNITS IN A CLOSED PERIOD


VPIF advises that the Board has, in terms of a general authority approved by unitholders,
authorised the company, through its subsidiary, Vunani Property Investment Trust, to enter into a
repurchase programme via the JSE trading system to purchase its own units up to the value of
R125 million at a price not greater than 10% above the volume weighted average trading price of
VPIF over the 5 business days immediately preceding any particular repurchase.


The company enters a closed period with effect from the close of business on 31 December 2013
until 31 March 2014 (the final due date of the release of its interim results) and this notice is
provided as the abovementioned programme may only be concluded during this period.


The purchase will be effected within certain pre-set parameters in terms of the requirements of
the Companies Act, the company’s Memorandum of Incorporation and the Listings Requirements of
the JSE Limited.


Sandton
23 December 2013


Sponsor
Grindrod Bank Limited

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