SENS announcement – Update of Settlement Agreement with Paul Main

Shareholders are referred to the announcement released on SENS on 23 May 2012 regarding the settlement agreement entered into with Paul Main.

R&E and Paul Main, as the defendant, had subsequently reached a further agreement in terms of which R&E granted an extension to Paul Main for payment of the final outstanding installment of $2 million, until the end of August, subject to Main compensating R&E for the delay in paying such installment to R&E.

06 July 2012

PSG Capital Proprietary Limited

Posted in Company Announcements.