Conclusion of a settlement agreement between R&E and PriceWaterhouseCoopers Incorporated, distribution of a voluntary circular and general meeting of R&E shareholders and withdrawal of cautionary announcement

Shareholders are hereby advised that R&E and its former auditor, PricewaterhouseCoopers Incorporated (“PWC”) have concluded a settlement agreement dated 16 April 2014 (“the Settlement Agreement”), in respect of the legal dispute between R&E and PWC arising from PWC’s appointment as R&E’s auditor during the financial period 2000 to 2003 and PWC’s alleged failure to audit R&E properly resulting in losses claimed by R&E which are disputed by PWC (“the Settlement”).

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