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Circular to Shareholders
10 January 2012
CIRCULAR TO SHAREHOLDERS

regarding:

Vunani Limited - Proposed conversion and consolidation of the share capital
10 January 2012
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Vunani Fact SheetVunani Fact Sheet
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Vunani Interim ResultsVunani 2008 Results
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the interim results
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Annual ReportAnnual Report 2009
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the 2009 Annual Report
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Annual ReportAnnual Report 2010
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the 2010 Annual Report
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Vunani Limited is a black owned and managed financial services company that operates through two divisions: Financial Services and Investment Services. Financial Services is composed of the fund management, investment banking and property business units. Investment Services houses Vunani’s strategic empowerment equity investments.

Building on a strong growth track record, Vunani’s goal is to become South Africa’s pre-eminent mid-size financial services company.

Vunani Limited listed on the Johannesburg Stock Exchange (AltX) in November 2007,
raising R175 million.

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