VILLAGE MAIN REEF LIMITED - Competition authorities unconditional approval

Competition authorities unconditional approval

                                 Village Main Reef Limited
                            (Registration number 1934/005703/06)
                                       JSE code: VIL
                                    ISIN: ZAE000154761
                                ("Village" or "the Company")




               COMPETITION AUTHORITIES UNCONDITIONAL APPROVAL
________________________________________________________________________


Shareholders of Village ("Village Shareholders") are referred to the firm intention
announcement released on the Stock Exchange News Service (“SENS”) of the JSE Limited
on 4 February 2015 regarding the terms on which Heaven-Sent Capital Management Group
Co., Ltd (“Heaven-Sent”) offered to acquire the entire issued ordinary share capital of
Village ("Scheme") in terms of section 114, read with section 115, of the Companies Act,
2008 (as amended) (“the Companies Act”). Village Shareholders are also referred to the
announcement released on SENS on 6 March 2015 regarding the posting of the circular
regarding the Scheme ("Circular") which incorporated the Notice of General Meeting.


Words and expressions used in this announcement shall have the meanings ascribed to
them in the Circular.


Village is pleased to announce that on 31 March 2015 the Proposed Transaction received
unconditional approval from the Competition Authorities in accordance with the Competition
Act.Village Shareholders will be advised on the status of the remaining Scheme
Conditions in due course.


Johannesburg
2 April 2015

Corporate adviser to Village Main Reef      Corporate adviser to Heaven-Sent
                Limited                    Capital Group Management Co., Ltd

 Qinisele Resources Proprietary Limited          Standard Chartered Bank

                                          South African Legal adviser to Heaven-
   JSE Sponsor to Village Main Reef
                                                          Sent
                Limited
                                           Capital Management Group Co., Ltd

   Bravura Capital Proprietary Limited             Werksmans Attorneys

South African Legal Advisor to Village
                                              Independent expert to Village
          Main Reef Limited

Edward Nathan Sonnenbergs Incorporated               Venmyn Deloitte

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