VUNANI LIMITED - Dealings In Securities By Directors Of A Major Subsidiary

Dealings In Securities By Directors Of A Major Subsidiary

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

DEALINGS IN SECURITIES BY DIRECTORS OF A MAJOR SUBSIDIARY

In compliance with paragraphs 3.63 to 3.64 of the Listings Requirements of
JSE Limited ("Listings Requirements"), the following dealings took place by
directors of Vunani Securities Proprietary Limited, a major subsidiary of
Vunani:

Name of director               L O’Shea
Date of acceptance of award:   12 November 2015
Type of transaction:           Acceptance of retention shares awarded in
                               terms of the share scheme approved by
                               shareholders on 21 July 2015*
Nature of interest:            Direct
Number of ordinary shares:     159 896
Price:                         160 cents
Value of transaction:          R255 833-60


Name of director               JJ Roussouw
Date of acceptance of award:   13 November 2015
Type of transaction:           Acceptance of retention shares awarded in
                               terms of the share scheme approved by  
                               shareholders on 21 July 2015*
Nature of interest:            Direct
Number of ordinary shares:     281 067
Price:                         160 cents
Value of transaction:          R449 707-20


Name of director               S Moodley
Date of acceptance of award:   19 November 2015
Type of transaction:           Acceptance of retention shares awarded in
                               terms of the share scheme approved by
                               shareholders on 21 July 2015*
Nature of interest:            Direct
Number of ordinary shares:     135 849
Price:                         160 cents
Value of transaction:          R217 358-40


* The shares awarded will vest on 10 November 2018 if the above individuals
are still employed by Vunani Limited or one of its subsidiaries.


Clearance was obtained in terms of paragraph   3.66   of   the   Listings
Requirements and dealing is off-market.


Sandton
19 November 2015
Designated Adviser
Grindrod Bank Limited

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