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VIL - Village Main Reef Limited - Declaration of special cash dividend VILLAGE MAIN REEF LIMITED (Incorporated in the Republic of South Africa) (formerly known as Village Main Reef Gold Mining Company (1934) Limited) (Registration number 1934/0057034/06) Share Code: VIL ISIN: ZAE000154761 ("Village") DECLARATION OF SPECIAL CASH DIVIDEND Village refers its shareholders to the announcement released on SENS on 14 June 2012 in relation to the approval by the shareholders of First Uranium Corporation ("FIU") of all the required resolutions to dispose of FIU`s interest in MWS and Ezulwini (the "transactions"). Village had indicated therein that as a result of the FIU shareholders approving the transactions, Village would receive the full face value of approximately R392 million due to it under the Secured Convertible Rand Denominated Notes in MWS ("MWS Notes"). Village has consistently indicated that it will return the majority of cash received from the disposal of the MWS Notes to its shareholders. Accordingly shareholders are advised that a special cash dividend of 30.0 cents per share has been declared by the board of Village, in accordance with the timetable set out below: 2012 Last date to trade cum distribution Friday, 13 July Shares trade ex distribution Monday, 16 July Record date Friday, 20 July Payment date Monday, 23 July Share certificates may not be dematerialised or rematerialised between Monday, 16 July 2012 and Friday, 20 July 2012, both dates inclusive. In terms of the Listings Requirements of the JSE Limited regarding the new Dividends Tax effective 1 April 2012, the following additional information is disclosed: 1. The special dividend should be treated as an income payment; 2. The local dividend tax rate is 15%; 3. There are no Secondary Tax on Companies credits utilised against the dividend; 4. The gross local dividend amount is 30.0 cents per share for shareholders exempt from paying the new Dividends Tax; 5. The net local dividend amount is 25.5 cents per share for shareholders liable to pay the new Dividends Tax; 6. The issued share capital of Village is 1 008 694 473 shares of 12.5 cents each; 7. Village`s tax reference number is 9650011605. 8. Application has been made to the South African Reserve Bank for approval of the special dividend. 21 June 2012 Sponsor Java Capital Date: 21/06/2012 14:00:01 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.
