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JCI Limited

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Company Announcements


RANDGOLD & EXPLORATION COMPANY LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1992/005642/06)
Share code: RNG        ISIN: ZAE000008819 (Suspended)
ADR Ticker symbol: RNG
Nasdaq trading symbol: RANGY (Delisted)
(“R&E”)

JOINT ANNOUNCEMENT BY R&E AND JCI
(collectively, “the companies”)

 
RENEWAL OF NEGOTIATIONS AND RENEWAL OF CAUTIONARY ANNOUNCEMENT

Further to the separate announcements released by R&E and JCI on SENS on 9 April 2009 relating to the lapsing of the scheme of arrangement referred to therein, shareholders are advised that the boards of R&E and JCI are of the view that without prejudice to any of their rights under the Mediation Agreement concluded between them on 7 April 2006 (as amended), it would be in the best interests of the companies to endeavour to achieve a settlement. Accordingly, the companies have engaged in negotiations regarding a possible settlement of the disputes between them. Shareholders of R&E and JCI will be kept informed of the progress of such negotiations from time to time.

Renewal of cautionary announcement
In the light of the above, JCI and R&E 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
17 April 2009

Sponsor to R&E
PSG Capital (Pty) Limited

Sponsor to JCI
Sasfin Capital
A division of Sasfin Bank Limited

 

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