VUNANI PROPERTY INVESTMENT FUND LTD - Trading statement, changes to the board and sub-committees and change of company secretary

Trading statement, changes to the board and sub-committees and change of company secretary

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: ZAE000185872
(“VPIF” or “the Company”)


TRADING STATEMENT, CHANGES TO THE BOARD AND SUB-COMMITTEES AND CHANGE OF COMPANY SECRETARY


TRADING STATEMENT

In terms of paragraph 3.4(b)(vii)(2) of the JSE Limited Listings Requirements (“Listings
Requirements”), property entities are required to publish a trading statement as soon as
they are reasonably certain that the financial results for the current reporting period will
differ by at least 15% when compared to the previous corresponding period.


VPIF is currently finalising its results for the year ended 30 June 2014 and when compared
to the financial information for the year ended 30 June 2013, the directors anticipate
that the Company will reflect a distribution for the six months to 30 June 2014 of
between 44 cents and 46 cents and for the year ending 30 June 2014 of between 84 cents
and 86 cents per share. The increase in the second half year distribution is therefore
expected to be more than 15% higher than the comparable distribution last year.


In terms of paragraph 3.4(b)(vi) of the Listings Requirements, VPIF advises that, having
regard to the nature of its business, the company will continue to adopt distribution per
share in future as the base information for trading statement purposes.


The financial information on which this trading statement is based has not been reviewed
or reported on by the Company’s auditors.


The Company’s results for the year ended 30 June 2014 are expected to be released by
25 August 2014.


CHANGES TO THE BOARD AND SUB-COMMITTEES
Shareholders are advised of the following changes to the Board, effective 30 June 2014.
New appointments – non executive directors:


-    Nosiphiwo Balfour

     Nosiphiwo’s career in property commenced in 2005 with the completion of her BSc
     Property Studies (Honours) and includes Institutional Business Development at
     Investec Asset Management.


     Nosiphiwo has been appointed as the Chairperson of the Social and Ethics
     committee.


-    Thando Sishuba

     Thando has been involved in the South African property industry for over 15 years
     serving in different capacities and has been involved with major acquisitions and
     transactions. Thando is currently serving as the Head of Imperial Properties.


     Thando has been appointed as a member of the audit and risk committee and Portia
     Tau-Sekati has resigned as member of the audit and risk committee.


The Board welcomes the incoming directors and wish them a long and happy stay as
directors of the company.


CHANGE OF COMPANY SECRETARY

Following the acquisition of the business of the Company’s company secretary, Probity
Business Services Proprietary Limited (“Probity”), by Computershare Investor Services
Proprietary Limited (“Computershare”), CIS Company Secretaries Proprietary Limited, a
subsidiary of Computershare, has been appointed as the company secretary in place of
Probity, with immediate effect.




DUNKELD
2 July 2014


Sponsor
Investec Bank Limited

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