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 3.74 of the Listings Requirements of JSE Limited ("Listings Requirements"), shareholders are advised of the following transactions by directors arising from the capitalisation share issue award of 4 ordinary shares for every 100 shares owned: Name of director EG Dube Date of transaction: 26 August 2016 (record date) Type of transaction: Capitalisation issue share award shares Nature of interest: Indirect Number of ordinary shares: 947 298 Price: R1.60 cents Value of transaction: R1 515 676.8 Name of director BM Khoza Date of transaction: 26 August 2016 (record date) Type of transaction: Capitalisation issue share award shares Nature of interest: Indirect Number of ordinary shares: 594 923 Price: R1.60 cents Value of transaction: R951 876.80 Name of director NM Anderson Date of transaction: 26 August 2016 (record date) Type of transaction: Capitalisation issue share award shares Nature of interest: Direct and indirect Number of ordinary shares: 596 186 Price: R1.60 cents Value of transaction: R953 897.60 Name of director JJ Rossouw Date of transaction: 26 August 2016 (record date) Type of transaction: Capitalisation issue share award shares Nature of interest: Indirect Number of ordinary shares: 15 869 Price: R1.60 cents Value of transaction: R25 390.40 Name of director A Judin Date of transaction: 26 August 2016 (record date) Type of transaction: Capitalisation issue share award shares Nature of interest: Direct Number of ordinary shares: 3 457 Price: R1.60 cents Value of transaction: R5 531.20 All the above transactions were done on-market and the requisite clearances were obtained. Sandton 30 August 2016 Designated Adviser Grindrod Bank Limited Date: 31/08/2016 07:28:00 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.