VUN
VUN                                                                             
VUN - Vunani Limited - Trading Update                                           
VUNANI LIMITED                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/020641/06)                                            
JSE code: VUN                                                                   
ISIN: ZAE000110359                                                              
("the company")                                                                 
TRADING UPDATE                                                                  
Shareholders are advised that the company is in the process of finalising its   
results for the year ended 31 December 2009. It is expected that the loss of    
R784m reflected in the comparative period will be reduced by more than 20% in   
respect of the year under review. The lessening in the company`s loss situation 
results from improved market conditions during the past year.                   
At this stage, the company is unable to quantify, with the degree of certainty  
required for a more accurate update, the expected basic and headline loss per   
share for the year ended 31 December 2009 and will release a further            
announcement containing such detail as soon as possible.                        
The financial information on which this trading update is based has not been    
reviewed or reported on by the company`s auditors.                              
Sandton                                                                         
19 March 2010                                                                   
Independent Designated Adviser                                                  
Grindrod Bank Limited                                                           
Joint Designated Adviser                                                        
Vunani Corporate Finance                                                        
Date: 19/03/2010 12:42:10 Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.