Dealing in securities by a director of a major subsidiary of the Company VUNANI LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1997/020641/06) JSE code: VUN ISIN: ZAE000163382 DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY THE COMPANY In accordance with the requirements of paragraph 3.63 to 3.74 of the JSE Listings Requirements the following should be noted: Name of company : Vunani Limited Name of subsidiary : Vunani Resources Proprietary Limited Name of director : A Salim Class of securities : Ordinary Shares Nature of transaction : Purchase Nature of interest : Direct beneficial Date of transaction : 11 December 2017 Number of shares : 15 000 Price : 300 cents Value of transaction : R45 000.00 The above transaction took place on market. Name of company : Vunani Limited Name of subsidiary : Vunani Resources Proprietary Limited Name of director : A Salim Class of securities : Ordinary Shares Nature of transaction : Purchase Nature of interest : Direct beneficial Date of transaction : 12 December 2017 Number of shares : 30 721 Price : 295.12 cents Value of transaction : R90 663.82 The above transaction took place on market. *Clearance was obtained in terms of paragraph 3.66 of the Listings Requirements. 13 December 2017 Sandton Designated Adviser Grindrod Bank Limited Date: 13/12/2017 12:00:00 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.