SIM - Simmer & Jack Mines, Limited - Acceptance of options by a director

SIM - Simmer & Jack Mines, Limited - Acceptance of options by a director        
Simmer & Jack Mines, Limited                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1924/007778/06)                                            
Share code: SIM                                                                 
ISIN Code: ZAE000006722                                                         
("Simmers" or the "Company")                                                    
ACCEPTANCE OF OPTIONS BY A DIRECTOR                                             
In compliance with the JSE Limited Listings Requirements, the following         
information is disclosed:                                                       
Director                           :    N Schoeman                              
Company                            :    Simmer & Jack Mines, Limited            
Date of transaction                :    31 August 2010                          
Nature of transaction              :    Acceptance of options granted to the    
                                       director                                 
Class of securities                :    Options in respect of                   
ordinary shares                                                                 
Number of options granted          :    150,000                                 
Option price                       :    108 cents                               
Period of exercise                 :    6 years                                 
Vesting                            :    In 3 equal tranches (33.33% on 13 April 
                                       2011, 33.33% on 13 April 2012 and 33.33% 
                                       on 13 April 2013)                        
Total value of transaction         :    R162,000                                
Nature of director`s interest      :    Direct beneficial                       
Clearance obtained                 :    Yes                                     
Transaction completed              :    Off market                              
Director                           :    M Saaiman                               
Company                            :    Simmer & Jack Mines, Limited            
Date of transaction                :    30 August 2010                          
Nature of transaction              :    Acceptance of options granted to the    
director                                 

Class of securities                :    Options in respect of                   
ordinary shares                                                                 
Number of options granted          :    3,000,000                               
Option price                       :    96 cents                                
Period of exercise                 :    6 years                                 
Vesting                            :    In 3 equal tranches (33.33% on 24 June  
                                       2011, 33.33% on 24 June 2012 and 33.33%  
on 24 June 2013)                         

Total value of transaction         :    R2,880,000                              
Nature of director`s interest      :    Direct beneficial                       
Clearance obtained                 :    Yes                                     
Transaction completed              :    Off market                              
Johannesburg                                                                    
1 September 2010                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 01/09/2010 15:03:01 Supplied by www.sharenet.co.za                     
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.