Randgold & Exploration Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1992/005642/06)
Share Code: RNG & ISIN: ZAE000008819
(“R&E” or “the company”)
UPDATE ON 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