SIM - Simmer & Jack Mines, Limited - Change in financial year-end

SIM - Simmer & Jack Mines, Limited - Change in financial year-end               
Simmer & Jack Mines, Limited                                                    
(Registration number 1924/007778/06)                                            
Share Code: SIM                                                                 
ISIN: ZAE0000067220                                                             
("Simmers" or the "Company")                                                    
CHANGE IN FINANCIAL YEAR-END                                                    
Shareholders are herewith advised that the Board of Simmers has approved the    
change in financial year-end of the Company from 31 March to 30 June, with      
effect from the current financial year. The JSE Limited ("JSE") and the         
Companies and Intellectual Property Commission have subsequently approved the   
change in year-end as well.                                                     
The rationale for the change in year-end is to ensure that the year-end of      
both Village Main Reef Limited ("Village") and Simmers are aligned, in order    
to reduce accounting and reporting complexity in relation to Simmers. Simmers   
shareholders have voted in favour of disposing of the majority of its assets    
to Village in exchange for Village shares. In order to ensure meaningful        
reporting to Simmers shareholders and Village shareholders, and to reduce the   
costs to Simmers shareholders, the Simmers Board has approved the change of     
year-end.                                                                       
Simmers will therefore publish and distribute a second set of interim results   
to shareholders for the twelve month period ended 31 March 2011, with           
comparative figures to the previous year, by no later than 30 June 2011.        
Simmers will then also publish and distribute financial results for the         
fifteen months ending 30 June 2011, by no later than 30 September 2011, as      
well as publish annual financial statements for the extended financial period   
in accordance with the regulations of the JSE.                                  
Johannesburg                                                                    
4 May 2011                                                                      
Sponsor to Simmers                                                              
RAND MERCHANT BANK (a division of FirstRand Bank Limited)                       
Date: 04/05/2011 14:40:01 Supplied by www.sharenet.co.za                     
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