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JCI Limited

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Results Of Scheme Meeting And Renewal Of Cautionary Announcement

 
03 February 2009

03 Feb 2009 - JCD - JCI Limited - Results Of Scheme Meeting And Renewal Of Cautionary Announcement
JCI LIMITED
(”JCI”)
(Incorporated in the Republic of South Africa)
(Registration number 1894/000854/06)
Share code: JCD (Suspended)
ISIN: ZAE000039681

RESULTS OF SCHEME MEETING
RENEWAL OF CAUTIONARY ANNOUNCEMENT
JCI shareholders are advised that at the adjourned scheme meeting of JCI shareholders held on Monday, 2 February, the scheme of arrangement ("the scheme") in terms of section 311 of the Companies Act (Act 61 of 1973, as amended) ("the Act") proposed by Randgold and Exploration Limited ("R&E") between JCI and its shareholders excluding R&E ("scheme members") was not agreed to by the requisite majority of scheme members present and voting in person or by proxy at the scheme meeting.

It was a condition of the scheme that by not later than Tuesday, 31 March 2009 (or such later date up to Monday, 29 June 2009 as JCI and R&E may, prior to 31 March 2009, agree in writing), the scheme shall have been agreed to by a majority representing not less than three-fourths of the votes exercisable by the scheme members present and voting, either in person or by proxy, at the scheme meeting or any adjournment thereof. This condition has not been satisfied.

Renewal of cautionary announcement
In the light of the above, JCI shareholders are advised to continue to exercise caution in trading their shares over the counter until such time as a further announcement is made.

Johannesburg
3 February 2009
Corporate adviser and Sponsor to JCI:
Sasfin Capital (a division of Sasfin Bank Limited)
Corporate Law Advisers to the scheme:
Taback and Associates (Proprietary) Limited
Attorneys to JCI:
Routledge Modise Inc.

Date: 03/02/2009 15:57:02 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

 
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