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SIM/VIL - Simmers/Village - Update on the proposed transaction Simmer & Jack Mines, Limited (Registration number 1924/007778/06) Share Code: SIM ISIN: ZAE000006722 ("Simmers") Village Main Reef Gold Mining Company (1934) Limited (Registration number 1934/0057034/06) Share Code: VIL ISIN: ZAE000007720 ("Village") UPDATE ON THE PROPOSED TRANSACTION Further to the detailed joint cautionary announcement released on the Securities Exchange News Service ("SENS") on 6 December 2010 and the further announcements during February, March and April 2011, Simmers shareholders and Village shareholders are advised that the parties have agreed in writing to extend the deadline date in relation to the fulfilment of certain conditions to the transaction from 01 May 2011 to 30 June 2011. Simmers and Village expect the last conditions to be fulfilled soon and do not expect any change to the announced transaction timetable as contained in the transaction circular posted to shareholders on or about 02 March 2011. Johannesburg 28 April 2011 Financial advisor to Village J.P. Morgan Sponsor to Village Macquarie First South Advisers (Proprietary) Limited Transaction sponsor to Simmers Java Capital Sponsor to Simmers RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 28/04/2011 13:55:01 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.
