Vunani Limited

VUN - Vunani Limited - Finalisation information relating to the conversion and consolidation of the share capital
VUNANI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/020641/06)
JSE code: VUN
ISIN: ZAE000110359
("the company")

FINALISATION INFORMATION RELATING TO THE CONVERSION AND CONSOLIDATION OF THE SHARE CAPITAL

INTRODUCTION

Shareholders are referred to the announcements, dated 10 January 2011, 8 February 2012 and 18 February 2012, and are advised that the relevant special resolutions relating to the conversion and consolidation of the company`s share capital ("the corporate actions") have been registered by the Companies and Intellectual Property Commission.
The rights of shareholders after the corporate actions will rank pari passu in every respect with the rights of shareholders prior to the corporate actions.
ALTERATIONS TO THE SHARE CAPITAL
Alterations to the company`s share capital are as follows:
Conversion:
- the authorised ordinary share capital of R1 000 000 divided into 10 billion ordinary par value shares of R0.0001 each was converted into 10

billion ordinary shares of no par value; and
- the issued share capital of R527 073 divided into 5 270 732 462 ordinary

par value shares of R0.0001 each was converted into 5 270 732 462 ordinary shares of no par value.
Consolidation:
- the authorised ordinary share capital, comprising 10 billion ordinary

shares of no par value was consolidated on a 50:1 basis into 200 million ordinary shares of no par value; and
- the issued ordinary share capital, comprising 5 270 732 462 ordinary

shares of no par value was consolidated on a 50:1 basis into 105 414 701

(taking into account fractions rounded up or down) ordinary shares of no par value.

SALIENT DATES AND TIMES PERTAINING TO THE CORPORATE ACTIONS:

2012

Friday, 2 March: Last date to trade in the company`s shares pre- the corporate actions

Monday, 5 March: Converted and consolidated shares trade under new ISIN ZAE000163382

Friday, 9 March: Record date to determine those shareholders whose shares will be subject to the corporate actions

Monday, 12 March: Dematerialised shareholders accounts at CDSP`s or brokers updated in respect of the corporate actions

Monday, 12 March: Replacement share certificates (reflecting the corporate actions) posted to certificated shareholders by registered post, provided their existing share certificates are surrendered by 12:00 on the record date (otherwise within five business days after receipt of such existing share certificates).

Notes:

1. All times given are South African local times.
2. Shareholdings may not be dematerialised or rematerialised between

Monday, 5 March 2012 and Friday, 9 March 2012, both dates inclusive.

SANDTON
23 February 2012
Independent Designated Adviser
Grindrod Bank Limited
Corporate Adviser and Joint Designated Adviser
Vunani Corporate Finance
Date: 23/02/2012 11:21:01 Produced by the JSE SENS Department.
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