VILLAGE MAIN REEF LIMITED - Award and acceptance of shares in terms of forfeitable share plan

Award and acceptance of shares in terms of forfeitable share plan

VILLAGE MAIN REEF LIMITED

(Incorporated in the Republic of South Africa)

(Registration number 1934/005703/06)

Share Code: VIL ISIN: ZAE000154761

(“Village Main Reef”)



AWARD AND ACCEPTANCE OF SHARES IN TERMS OF THE VILLAGE MAIN REEF FORFEITABLE 
SHARE PLAN 2010 (“FSP”)

Shareholders are advised of the following information relating to the award and
acceptance of shares as offered to directors in terms of the rules of the FSP.

In terms of the rules of the FSP, the allocation made represents the maximum
number of shares that a participant could receive under the scheme if all the
performance conditions attached to the allocation are substantially exceeded,
which conditions are fully described in the annual report of Village Main Reef.
The shares will be held by the Escrow Agent until their Vesting Date on the 3rd
anniversary of their award, as defined in the rules of the FSP, subject to the
terms and conditions of the FSP as described in the annual report:



Name of Director:                            Ferdi Dippenaar

Transaction Date:                            9 January 2015*

Class of Securities:                         Ordinary shares

Number of Securities:                        819,034

Price per security:                          R6.435735

Total value:                                 R5,271,086

Nature of transaction:                       Acceptance of shares offered in
                                             terms of the FSP

Nature and extent of directors’ interest:    Direct beneficial

Clearance to deal received:                  Yes

Vesting date:                                9 January 2018




Name of Director:                            Clinton Halsey

Transaction Date:                            9 January 2015*

Class of Securities:                         Ordinary shares

Number of Securities:                        327,549

Price per security:                          R6.435735

Total value:                                 R2,108,019

Nature of transaction:                       Acceptance of shares offered in
                                             terms of the FSP

Nature and extent of directors’ interest:    Direct beneficial

Clearance to deal received:                  Yes

Vesting date:                                9 January 2018


* The awards were approved by the remuneration committee of Village Main Reef on
  21 January 2015


The above allocations were done off-market.


Johannesburg
23 January 2015

Sponsor
Bravura Capital (Pty) Ltd

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