VUNANI LIMITED - Change In Indirect Shareholding Of Directors

Change In Indirect Shareholding Of Directors

VUNANI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/020641/06)
JSE code: VUN
ISIN:ZAE000163382
("Vunani" or "the company")

CHANGE IN INDIRECT SHAREHOLDING OF DIRECTORS

In compliance with paragraphs 3.63 to 3.64 of the Listings Requirements of
JSE Limited ("Listings Requirements"), shareholders are advised that
Bambelela Capital Proprietary Limited ("Bambelela") which owns 49.20% of
Vunani Limited has finalised a share buy back from a minority shareholder
with effective date of 10 December 2025. The Executive Directors Mr Ethan
Dube, Mr Mark Anderson and Mr Butana Khoza are indirect shareholders of
Bambelela, through their respective family trusts. As a result of the
transaction, the directors' indirect shareholding in Vunani has increased.
This is a corporate action one level above the company and was not a direct
dealing in the shares of Vunani Limited. Clearance to acquire shares was not
required.


Directors shareholding in Vunani Limited pre-transaction:

                                         Number of shares held
Shareholding     per   Beneficially          Beneficially       Total
director               direct ('000s)        Indirect ('000s)   number    of
                                                                shares
                                                                ('000s)
E Dube                 337                  26 201              26 538
BM Khoza               858                  14 779              15 637
NM Anderson            1167                 14 779              15 946



Directors shareholding in Vunani Limited post transaction:

                                         Number of shares held
Shareholding     per   Beneficially          Beneficially       Total
director               direct ('000s)        Indirect ('000s)   number    of
                                                                shares
                                                                ('000s)
E Dube                 394                  35 278              35 672
BM Khoza               858                  21 734              22 592
NM Anderson            1167                 21 734              22 901




Sandton
12 December 2025

Sponsor
Vunani Sponsors

Date: 12-12-2025 10:42:00
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