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CRD - Central Rand Gold Limited - Share options granted to Johan du Toit

Release Date: 24/02/2010 16:00:02      Code(s): CRD
CRD - Central Rand Gold Limited - Share options granted to Johan du Toit        
Central Rand Gold Limited                                                       
(Incorporated as a company with limited liability under the laws of Guernsey,   
Company Number 45108)                                                           
(Incorporated as an external company with limited liability under the laws of   
South Africa, registration number 2007/019223/10)                               
ISIN: GG00B24HM601                                                              
Share code on LSE: CRND                                                         
Share code on JSE: CRD                                                          
(`CRG` or `the Company`)                                                        
Share options granted to Johan du Toit                                          
CRG announces that at the meeting held on Wednesday, 10th February 2010, the    
Board of Directors of the Company approved the grant of options over 1,500,000  
shares in the Company to the Chief Executive Officer, Johan du Toit.            
The options will vest in three equal tranches with the first tranche vesting on 
10 February 2011, the second tranche a year thereafter and the final tranche    
vesting on 10 February 2013.                                                    
The first tranche has an exercise price of GBP0.20; the second tranche an       
exercise price of GBP0.40 and the third tranche an exercise price of GBP0.60.   
Each of the three tranches will remain exercisable for a period of three years  
after vesting and will be capable of being exercised in part or in full at any  
time after vesting and during the exercise period.                              
Issued on behalf of: Central Rand Gold Limited                                  
Date: 24 February 2010                                                          
For further information, please contact                                         
Central Rand Gold                                                               
Johan du Toit /     Patrick Malaza              +27 (0) 11 551 4000             
Evolution Securities Limited                                                    
Simon Edwards / Chris Sim / Neil Elliot         +44 (0) 20 7071 4300            
Macquarie First South Advisers (Pty) Ltd                                        
Thembeka Mgoduso / Melanie de Nysschen          +27 (0) 11 583 2000             
Buchanan Communications Limited                                                 
Bobby Morse / Ben Willey / Katharine Sutton     +44 (0) 20 7466 5000            
Jenni Newman Public Relations (Pty) Ltd                                         
Jenni Newman / Megann Outram                    +27 (0) 11 506 7300             
Macquarie First South Advisers (Pty) Limited                                    
Date: 24/02/2010 16:00:02 Supplied by www.sharenet.co.za                     
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