Notification in terms of Section 122 of the Companies Act, No 71 of 2008 and clarification of directors' dealings Village Main Reef Limited (Incorporated in the Republic of South Africa) (Registration number 1934/005703/06) JSE code: VIL ISIN: ZAE000154761 ("Village" or "the Company") Notification in terms of Section 122 of the Companies Act, No 71 of 2008 and clarification of directors’ dealings In accordance with section 122(3) (b) of the Companies Act, No 71 of 2008 and section 3.83(b) of the JSE Limited`s Listings Requirements (“LR’s”), shareholders are hereby advised that the Company has received formal notification of the following movement in securities of the Company: SBG Securities (Pty) Ltd (“Standard Bank”) has acquired a beneficial interest in securities of the Company. The total of Standard Bank’s beneficial interests in the securities of Village is now 10.09%. Further to the announcement published on SENS on 17 April 2015 please note the following clarification statement in compliance with paragraphs 3.63 to 3.74 (both inclusive) of the LR’s: Name of director/s Mr C Halsey & Mr B Swanepoel through their shareholding in To The Point Growth Specialists Investments 4 (Pty) Ltd (“TTP”) Company Village Date of the transactions 14 April 2015 Nature of transaction Sale of shares Class of securities Ordinary Number of shares 2,368 Price per share R11.85 Total value of transactions R28,060.80 Nature and extent of interest in the transaction Indirect Beneficial Clearance to deal obtained Yes Name of director/s Mr C Halsey & Mr B Swanepoel through their shareholding in To The Point Growth Specialists Investments 4 (Pty) Ltd (“TTP”) Company Village Date of the transactions 15 April 2015 Nature of transaction Sale of shares Class of securities Ordinary Number of shares 11,873 Price per share R11.85 Total value of transactions R140,695.05 Nature and extent of interest in the transaction Indirect Beneficial Clearance to deal obtained Yes Name of director/s Mr C Halsey & Mr B Swanepoel through their shareholding in To The Point Growth Specialists Investments 4 (Pty) Ltd (“TTP”) Company Village Date of the transactions 16 April 2015 Nature of transaction Sale of shares Class of securities Ordinary Number of shares 117,253 Price per share R11.85 Total value of transactions R1,389,448.05 Nature and extent of interest in the transaction Indirect Beneficial Clearance to deal obtained Yes Mr B Swanepoel owns 80% of TTP and Mr C Halsey owns 20% of TTP. The above trades were completed outside of a closed period. Johannesburg 24 April 2015 Sponsor: Bravura Capital (Pty) Ltd Date: 24/04/2015 09:55:00 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.