VUNANI LIMITED - Trading Update

Trading Update

VUNANI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/020641/06)
JSE code: VUN
ISIN: ZAE000110359
("Vunani" or "the company")


TRADING UPDATE


In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required
to publish a trading statement as soon as they are satisfied that a reasonable degree of
certainty exists that the financial results for the period to be reported on next will differ by 20%
or more from the financial results for the previous corresponding period.


Shareholders are advised that Vunani is in the process of finalising its results for the six months
ended 30 June 2015 and anticipates that it will report basic earnings per share of between
1 cent and 9.9 cents (2014: 68.5 cents basic earnings per share) being a decrease of between
86% and 99%. The variance in earnings per shares when comparing the results for the period
ended 30 June 2014 to the period ended 30 June 2015 is attributable to the fact that at
30 June 2014, a substantial profit was reported as a result of the disposal of the group’s
property asset management business, which was reflected as a discontinued operation.


Vunani anticipates that it will report headline earning per share of between 1.2 cents and 4.8
cents (2014: 18.4 cents headline loss per share) being an increase of between 107% and
126%.


The financial information on which this trading update is based has not been reviewed or
reported on by the company`s auditors. The company`s results for the six months ended 30
June 2015 will be published on SENS before the end of August 2015.


Sandton
07 August 2015


Designated Adviser
Grindrod Bank Limited

Date: 07/08/2015 10:13:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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