JCD: JCD / RNG – JCI Limited / Randgold & Exploration Company Limited – Shareholder

Joint announcement by R&E and JCI
Shareholders update on Settlement negotiations

Shareholders are referred to the SENS announcement released on 22 July 2008 where R&E and JCI informed shareholders that a Memorandum of Understanding (“MOU”) was signed between the parties. Amongst various conditions, the MOU provided for a period of 21 days in which the companies were expected to sign a full and final settlement agreement.

The parties have subsequently agreed to extend the 21 day period to 25 August 2008.Shareholders will be kept informed of developments.

19 August 2008
Sasfin Capital
A division of Sasfin Bank Limited

Date: 19/08/2008 15:52:01 Produced by the JSE SENS Department.
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Posted in Company Announcements.