IN THE MEDIATION BETWEEN:
RANDGOLD AND EXPLORATION COMPANY LTD (“R&E”) Claimant
JCI LIMITED (“JCI”) Defendant
We circulated a statement to the boards of JCI and R&E prior to wider release. A question has been raised as to the scope of what is being conveyed by paragraph 11 of that statement. What we intend to convey is that the R&E claims, if successful, will exceed the net asset value of JCI.
S F BURGER SC
PROF H E WAINER CA (SA)