Results of General Meeting VILLAGE MAIN REEF LIMITED (Incorporated in the Republic of South Africa) (Registration Number 1934/005703/06) Share code: VIL ISIN: ZAE000154761 (“VMR” or “the Company”) RESULTS OF GENERAL MEETING Shareholders are referred to the announcements released on SENS on 22 August 2014 and 10 September 2014 regarding the posting of a category one circular in respect of the disposal by the Company of the shares and claims in Cons Murch Mine (Proprietary) Limited ("Cons Murch") and Nebavest 49 (Proprietary) Limited ("Nebavest") to Stibium Mining (Proprietary) Limited ("Stibium") ("Disposal Transaction") in terms of a sale of shares and claims agreement entered into between the Company, Cons Murch, Nebavest and Stibium on 20 May 2014, as amended ("Disposal Agreement"), the notice of general meeting and declaration announcement regarding a consolidation of the authorised and issued share capital of the Company ("Share Consolidation") and the conversion of the authorised and issued share capital of the Company from par value shares to no par value shares ("Share Capital Conversion") ("Announcement"). The Disposal Transaction, Share Consolidation and Share Capital Conversion are collectively referred to as the Transactions. The Company is pleased to announce that all the resolutions proposed at the General Meeting of the Company held today, to approve the Transactions, were approved by the requisite majority of shareholders present or represented by proxy. The special resolutions will be filed with the Companies and Intellectual Property Commission (“CIPC”) on or about Monday, 22 September 2014. Shareholders are reminded of the following salient dates in terms of the Share Consolidation and Share Capital Conversion. 2014 Filing of special resolutions relating to the amendments to the Memorandum of Monday, 22 September Incorporation with CIPC on or about If CIPC acceptance of the special resolutions has taken place by 23 October 2014, then the following dates will apply: Finalisation announcement relating to the Share Consolidation and Share Capital Thursday, 23 October Conversion released on SENS on Finalisation announcement relating to the Share Consolidation and Share Capital Friday, 24 October Conversion published in the press on Last day to trade under the present share capital in order to be recorded as a Friday, 31 October shareholder on Trading in shares in the new consolidated no par value share capital under the new Monday, 3 November ISIN (ISIN: ZAE000192555) commences on Record Date to determine those shareholders whose shares will be subject to the Friday, 7 November Share Consolidation and Share Capital Conversion on Forms of surrender for new certificates to be received by the Transfer Secretaries (in Friday, 7 November order for new certificates reflecting the Share Consolidation and Share Capital Conversion to be posted on or about 10 November 2014) by 12:00 on Dematerialised shareholders will have their accounts at their CSDP or broker updated Monday, 10 November on Replacement share certificates posted to certificated shareholders, by registered post, Monday, 10 November provided their existing share certificates are surrendered by 12:00 on the Share Consolidation Record Date (failing which, within five business days after receipt of such existing share certificates) on or about Notes: 1. The specified dates and times are subject to change. Any changes will be released on SENS and published in the press. 2. Shareholders may not dematerialise or rematerialise their pre-consolidated shares after Friday, 31 October 2014. 19 September 2014 Johannesburg Sponsor Bravura Capital (Pty) Ltd Attorneys to VMR Edward Nathan Sonnenbergs Incorporated Date: 19/09/2014 04:31:00 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.