Vunani Trading Statement for the six months ending 31 December 2012

Vunani Property Investment Fund CEO, Rob Kane

Vunani Property Investment Fund (VPIF) today said that the company anticipates distribution per linked unit for the 6 months ending 31 December 2012 will be between 36.00 cents and 38.00 cents.

For the 20 week period since listing to 31 December 2011, VPIF paid a distribution of 27.00 cents per linked unit (30.54 cents per linked unit for the 6 months ended 31 December 2011).
 
The increased distribution is a result of tight management of existing assets and yield accretionary acquisitions. Management believes these factors will continue to have an enduring and sustainable impact on future distributions. The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors.
 
The company's financial results for the 6 months ending 31 December 2012 will be released on or about 25 February 2013.

In terms of paragraph 3.4(b)(vii) of the JSE Limited Listings Requirements, property companies are required to publish a trading statement as soon as they are reasonably certain that the distribution for the period to be reported on next will differ by at least 15% from the distribution for the previous corresponding period.