VUNANI LIMITED - Completion of the disposal of the business in Vunani Property Asset Management Proprietary Limited and changes to th

Completion of the disposal of the business in Vunani Property Asset Management Proprietary Limited and changes to th

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

COMPLETION OF THE DISPOSAL OF THE BUSINESS IN VUNANI PROPERTY ASSET MANAGEMENT
PROPRIETARY LIMITED AND CHANGES TO THE VUNANI LIMITED BOARD

DISPOSAL OF THE BUSINESS OF VUNANI PROPERTY ASSET MANAGEMENT

Shareholders are referred to previous announcements that relate to the sale of Vunani Property
Asset Management’s (“VPAM”) business to Texton Property Investments Proprietary Limited
(“Texton”).

VPAM is a wholly owned subsidiary of Vunani Properties Proprietary Limited (“Vunani Properties”),
which is 78% held by Vunani Limited. VPAM’s sole business activity is the provision of property asset
management services to Vunani Property Investment Fund Limited (“VPIF”). The transaction includes
the transfer of the asset management agreement and the transfer of employment contracts to
Texton.

We are pleased to announce that all the suspensive conditions relating to Sale of Business
Agreement, dated 9 November 2013 were fulfilled on Friday the 28th February 2014.

CHANGES TO THE BOARD OF VUNANI LIMITED

Shareholders are advised that with effect from 1 March 2014, Evelyn Chimombe-Munyoro has
resigned from both the board of Vunani Limited and the employ of the Vunani Limited group. The
remaining board would like to thank Ms Chimombe-Munyoro for her contribution over the last eight
years and wishes her all the very best in her new endeavours.


Sandton
3 March 2014

Corporate Adviser
Vunani Corporate Finance

Designated Adviser
Grindrod Bank Limited

Date: 03/03/2014 12:42:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.