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CRD - Central Rand Gold Limited - Results of annual general meeting

Release Date: 27/06/2011 11:40:08      Code(s): CRD
CRD - Central Rand Gold Limited - Results of annual general meeting             
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                                                          
27 June 2011                                                                    
RESULTS OF ANNUAL GENERAL MEETING                                               
Shareholders are hereby advised that at the Annual General Meeting of CRG       
held at 11.00 a.m. on 24 June 2011 (UK time), resolutions 1, 2 and 3 were       
passed by shareholders on a show of hands. Following a poll, requested by the   
Chairman, resolution 4, an ordinary resolution, and resolution 5, an            
extraordinary resolution, failed to be passed by the shareholders as the        
requisite percentage of votes required was not obtained.                        
At the AGM the following resolutions were put to the meeting as ordinary        
1. To receive and consider the Company`s annual accounts for the financial      
year ended 31 December 2010 together with the directors` and auditors`          
reports on the annual accounts.                                                 
2. To re-appoint KPMG LLP as auditors to the Company to hold office from the    
conclusion of the meeting until the conclusion of the next meeting at which     
accounts are laid before the Company and to authorise the directors to fix      
their remuneration.                                                             
3. To re-elect Michael McMahon as a director of the Company who retires by      
rotation in accordance with Article 16.6 of the Articles and being eligible     
offers himself for re-election.                                                 
4. To approve the Directors remuneration report for the financial year ended    
31 December 2010.                                                               
The following resolution was put to the meeting as an extraordinary             
5. That the directors be and are hereby empowered to allot equity securities    
wholly for cash pursuant to the authority conferred by Article 4.1 and          
Article 10.6 of the Articles as if Article 10.1 of the Articles did not apply   
to any such allotment, provided that this power shall be limited to the         
allotment of equity securities:                                                 
in connection with an offer of such securities by way of rights to holders of   
shares in proportion (as nearly as may be practicable) to their respective      
holdings of such shares, but subject to such exclusions or other arrangements   
as the directors may deem necessary or expedient in relation to fractional      
entitlements or any legal or practical problems under the laws of any           
territory, or the requirements of any regulatory body or stock exchange or      
otherwise; and                                                                  
b. otherwise than and in addition to pursuant to sub-paragraph (a) of this      
resolution up to a maximum aggregate nominal amount equal to GBP799,841         
(being approximately 5 per cent. of the issued share capital of the Company     
as at 29 April 2011);                                                           
and provided that this authority shall expire on the 15 month anniversary of    
the date of this resolution or on the conclusion of the Company`s next          
general meeting if earlier save that the Company may, before such expiry make   
an offer or agreement which would or might require equity securities to be      
allotted after such expiry and the directors may allot equity securities in     
pursuance of any such offer or agreement notwithstanding that the power         
conferred hereby has expired and in this resolution the expression "equity      
securities" and references to the "allotment of equity securities" shall bear   
the same respective meanings as in Article 1.1 of the Articles.                 
The proxy votes cast before the meeting in respect of the individual            
resolutions were as follows:                                                    
RESOLUTION    FOR           AGAINST        WITHHELD                             
1             200,319,323   50,299,375     28,550                               
2             250,613,960   27,738         5,550                                
3             249,287,256   922,353        437,639                              
4             13,186,772    118,553,798    118,906,678                          
5             170,135,090   80,506,608     5,550                                
Issued ordinary share capital as at 24 June 2011: 1,599,682,990                 
Issued on behalf of: Central Rand Gold Limited                                  
Johan du Toit                      +27 (0) 11 674 2304                          
Patrick Malaza                     +27 (0) 11 674 2304                          
Evolution Securities Limited       +44 (0) 20 7071 4300                         
Chris Sim / Neil Elliot                                                         
Merchantec Capital                 +27 (0) 11 325 6363                          
Roger Pitt / Marcel Goncalves /                                                 
Monique Martinez                                                                
Buchanan Communications Limited    +44 (0) 20 7466 5000                         
Bobby Morse / Katharine Sutton /                                                
James Strong                                                                    
Jenni Newman Public Relations      +27 (0) 11 506 7351                          
(Pty) Ltd                                                                       
Jenni Newman                                                                    
Date: 27/06/2011 11:40:07 Supplied by www.sharenet.co.za                     
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