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CRD - Central Rand Gold Limited - Announcement by CRG to shareholders and

Release Date: 29/03/2011 10:11:03      Code(s): CRD
CRD - Central Rand Gold Limited - Announcement by CRG to shareholders and       
announcement in terms of Rule 2.10 of the City Code on Takeovers and Mergers -  
Relevant Securities in Issue                                                    
Central Rand Gold Limited                                                       
("CRG" or the "Company" or the "Group")                                         
(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 2007/0192231/10)                              
ISIN: GG00B24HM601                                                              
Share code on LSE: CRND                                                         
Share code on JSE: CRD                                                          
Announcement by CRG to shareholders and announcement in terms of Rule 2.10 of   
the City Code on Takeovers and Mergers - Relevant Securities in Issue           
QUOTE                                                                           
"Dear Shareholder,                                                              
Please find enclosed an announcement that was made by Central Rand Gold Limited 
("CRG") on 29 March 2011. This announcement has resulted in CRG being placed in 
an "offer period" by the Panel on Takeover and Mergers ("Panel") and is being   
circulated to you in accordance with Rule 2.6 of the City Code on Takeovers and 
Mergers ("the Code").                                                           
If you are in any doubt as to the meaning of the enclosed announcement or its   
effect, you are recommended to seek your own personal financial advice from your
stockbroker, solicitor, accountant or other independent financial adviser       
authorised under the Financial Services and Markets Act 2000 if you are in the  
United Kingdom or, if not, from another appropriately authorised independent    
financial adviser.                                                              
If you have sold or otherwise transferred all of your Ordinary Shares in CRG    
please forward this letter and the enclosed announcements as soon as possible to
the purchaser or transferee or to the stockbroker, bank or other agent through  
whom the sale of transfer was effected for onward transmission to the purchaser 
or transferee. However this letter should not be forwarded or transmitted in or 
into the United States, Canada, Australia or Japan or any other jurisdiction if 
to do so would constitute a violation of the laws of such jurisdiction.         
Terms in quotation marks in this letter are defined in the Code, which can also 
be found on the Panel`s website. If you are in any doubt as to whether or not   
you are required to disclose a "dealing" under Rule 8 of the Code, you should   
consult the Panel.                                                              
The directors of CRG ("Directors") accept responsibility for the information    
contained in this letter.  The Directors also accept responsibility for the     
correctness and fairness of the reproduction of the enclosed announcement and   
for the information contained in it. To the best of the knowledge and belief of 
the Directors, who have taken all reasonable care to ensure that such is the    
case, the information contained in this letter is in accordance with the facts  
and does not omit anything likely to affect the import of such information.     
Yours faithfully,                                                               
Michael McMahon                                                                 
Non-Executive Chairman                                                          
Central Rand Gold Limited                                                       
UNQUOTE                                                                         
2.10 Announcement - Relevant Securities in Issue                                
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the     
"Code"), CRG confirms that, as at close of business on 28 March 2011, its issued
share capital comprised 1,599,682,990 ordinary shares of 1 pence each. CRG      
currently holds no ordinary shares in treasury. The International Securities    
Identification Number ("ISIN") for the ordinary shares is GG00B24HM601.         
For further information, please contact:                                        
Johan du Toit                                +27 (0) 11 674 2304                
Patrick Malaza                               +27 (0) 11 674 2304                
Enquiries:                                                                      
Evolution Securities Limited                      +44 (0) 20 7071 4300          
Chris Sim / Neil Elliot                                                         
Macquarie First South Advisers (Pty) Ltd          +27 (0) 11 583 2000           
Annerie Britz / Melanie de Nysschen/ Yvette Labuschagne                         
Buchanan Communications Limited                   +44 (0) 20 7466 5000          
Bobby Morse / Katharine Sutton / James Strong                                   
Disclosure requirements of the Takeover Code (the "Code")                       
Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any
class of relevant securities of an offeree company or of any paper offeror      
(being any offeror other than an offeror in respect of which it has been        
announced that its offer is, or is likely to be, solely in cash) must make an   
Opening Position Disclosure following the commencement of the offer period and, 
if later, following the announcement in which any paper offeror is first        
identified. An Opening Position Disclosure must contain details of the person`s 
interests and short positions in, and rights to subscribe for, any relevant     
securities of each of (i) the offeree company and (ii) any paper offeror(s). An 
Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made
by no later than 3.30 pm (London time) on the 10th business day following the   
commencement of the offer period and, if appropriate, by no later than 3.30 pm  
(London time) on the 10th business day following the announcement in which any  
paper offeror is first identified. Relevant persons who deal in the relevant    
securities of the offeree company or of a paper offeror prior to the deadline   
for making an Opening Position Disclosure must instead make a Dealing           
Disclosure.                                                                     
Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1%  
or more of any class of relevant securities of the offeree company or of any    
paper offeror must make a Dealing Disclosure if the person deals in any relevant
securities of the offeree company or of any paper offeror. A Dealing Disclosure 
must contain details of the dealing concerned and of the person`s interests and 
short positions in, and rights to subscribe for, any relevant securities of each
of (i) the offeree company and (ii) any paper offeror, save to the extent that  
these details have previously been disclosed under Rule 8. A Dealing Disclosure 
by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm   
(London time) on the business day following the date of the relevant dealing.   
If two or more persons act together pursuant to an agreement or understanding,  
whether formal or informal, to acquire or control an interest in relevant       
securities of an offeree company or a paper offeror, they will be deemed to be a
single person for the purpose of Rule 8.3.                                      
Opening Position Disclosures must also be made by the offeree company and by any
offeror and Dealing Disclosures must also be made by the offeree company, by any
offeror and by any persons acting in concert with any of them (see Rules 8.1,   
8.2 and 8.4).                                                                   
Details of the offeree and offeror companies in respect of whose relevant       
securities Opening Position Disclosures and Dealing Disclosures must be made can
be found in the Disclosure Table on the Takeover Panel`s website at             
www.thetakeoverpanel.org.uk, including details of the number of relevant        
securities in issue, when the offer period commenced and when any offeror was   
first identified. If you are in any doubt as to whether you are required to make
an Opening Position Disclosure or a Dealing Disclosure, you should contact the  
Panel`s Market Surveillance Unit on +44 (0)20 7638 0129.                        
Date: 29/03/2011 10:11:02 Supplied by www.sharenet.co.za                     
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information disseminated through SENS.                                          



                                        
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