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VUN 201511190086A


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

Date: 19/11/2015 05:43:00 Produced by the JSE SENS Department. The SENS service is an

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