VUNANI LIMITED - Dealings in securities by directors

Dealings in securities by directors

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

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 Limited:

Name of director               EG Dube
Date of acceptance of award:   29 February 2016
Type of transaction:           Acceptance of performance shares awarded in
                               terms of the share scheme approved by
                               shareholders on 21 July 2015*
Nature of interest:            Direct
Number of ordinary shares:     405 655
Price:                         160 cents
Value of transaction:          R649 048


Name of director               M Anderson
Date of acceptance of award:   29 February 2016
Type of transaction:           Acceptance of performance shares awarded in
                               terms of the share scheme approved by
                               shareholders on 21 July 2015*
Nature of interest:            Direct
Number of ordinary shares:     273 314
Price:                         160 cents
Value of transaction:          R437 302.40


Name of director               B Khoza
Date of acceptance of award:   29 February 2016
Type of transaction:           Acceptance of performance shares awarded in
                               terms of the share scheme approved by
                               shareholders on 21 July 2015*
Nature of interest:            Direct
Number of ordinary shares:     273 314
Price:                         160 cents
Value of transaction:          R437 302.40

Name of director               A Judin
Date of acceptance of award:   29 February 2016
Type of transaction:           Acceptance of performance shares awarded in
                               terms of the share scheme approved by
                               shareholders on 21 July 2015*
Nature of interest:            Direct
Number of ordinary shares:     167 717
Price:                         160 cents
Value of transaction:          R268 347.20


* The shares awarded will vest in 3 years if the above individuals are
still employed by Vunani Limited or one of its subsidiaries and they meet
the performance conditions as specified in their award letters.
Clearance was obtained in terms of paragraph 3.66 of the Listings
Requirements and dealing is off-market.


Sandton
1 March 2016

Designated Adviser
Grindrod Bank Limited

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