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: 23 February 2017

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: 451 632

Price: 215 cents

Value of transaction: R971 008.8

Name of director NM Anderson Date of acceptance of award: 23 February 2017

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: 304 291

Price: 215 cents

Value of transaction: R654 225.65

Name of director BM Khoza

Date of acceptance of award: 23 February 2017

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: 304 291

Price: 215 cents

Value of transaction: R654 225.65

Name of director T Mika

Date of acceptance of award: 23 February 2017

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: 155 376

Price: 215 cents

Value of transaction: R334 058.84

* 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

24 February 2017

Designated Adviser Grindrod Bank Limited

Vunani Ltd. published this content on 22 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 March 2017 07:58:05 UTC.

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