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JCD: JCD / RNG - JCI Limited / Randgold & Exploration Company Limited - Shareholder

19 August 2008

JCD / RNG - JCI Limited / Randgold & Exploration Company Limited - Shareholder

Update On Settlement Negotiations
(Incorporated in the Republic of South Africa)
Registration number 1894/000854/06
Share code: JCD ISIN: ZAE000039681
(Suspended) ("JCI")
Randgold & Exploration Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1992/005642/06)
Share code: RNG
ISIN: ZAE000008819 (Suspended)
NASDAQ trading symbol: RANGY (delisted)
ADR ticker symbol: RNG
("R&E" or "the Company")
Joint announcement by R&E and JCI
Shareholders update on Settlement negotiations
Shareholders are referred to the SENS announcement released on 22 July 2008 where R&E and JCI informed shareholders that a Memorandum of Understanding ("MOU") was signed between the parties. Amongst various conditions, the MOU provided for a period of 21 days in which the companies were expected to sign a full and final settlement agreement.
The parties have subsequently agreed to extend the 21 day period to 25 August 2008.
Shareholders will be kept informed of developments.
19 August 2008
Sasfin Capital
A division of Sasfin Bank Limited
Date: 19/08/2008 15:52:01 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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