VUNANI LIMITED - Update on the Sale of Shares by a Subsidiary

Update on the Sale of Shares by a Subsidiary

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


UPDATE ON THE SALE OF SHARES BY A SUBSIDIARY



Shareholders are referred to the announcement published on 19 February 2025 ("Sale of Shares
Announcement"), in which the Company advised the Company's wholly owned subsidiaries, Vunani
Capital Proprietary Limited ("Vunani Capital" or "Seller"), Fairheads Benefit Services Proprietary
Limited ("Fairheads Benefit Services" or "FBS") and Fairheads Financial Services Proprietary
Limited ("Fairheads Financial Services" or "FFS"), concluded an agreement (the "Agreement") for
the sale of 30% of the issued share capital of FBS, and 30% of FFS (collectively the "Sale Shares"),
with Old Mutual Corporate Ventures Proprietary Limited ("Old Mutual" or "Purchaser"), subject to and
conditional upon the conditions set out in the Sale of Shares Announcement.

Shareholders are hereby advised that all conditions precedent to the transaction have now been
fulfilled, including:


  1. The completion of the transaction being subject to regulatory approval from the Competition
     Commission. The approval was received on 8 May 2025.

  2. The confirmation by the Seller that there have been no material adverse changes that have
     affected FBS and FFS between the signing of the agreements and the closing date.


Accordingly, the transaction is now unconditional and effective from Friday, 16 May 2025.


16 May 2025
Sandton

Sponsor
Vunani Sponsors

Date: 16-05-2025 02:30:00
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