Dealings in Securities by Directors Village Main Reef Limited (Incorporated in the Republic of South Africa) (Registration number 1934/005703/06) JSE code: VIL ISIN: ZAE000154761 ("Village") DEALINGS IN SECURITIES BY DIRECTORS In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the following is disclosed: 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 28 April 2015 Nature of transaction Sale of shares Class of securities Ordinary Number of shares 364,004 Price per share R11.85 Total value of transactions R4,313,447.40 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 29 April 2015 Nature of transaction Sale of shares Class of securities Ordinary Number of shares 3,558 Price per share R11.85 Total value of transactions R42,162.30 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. The above trades as well as the trades announced on 17 April 2015 and 24 April 2015 were all completed on-market. Johannesburg 30 April 2015 Sponsor: Bravura Capital (Pty) Ltd Date: 30/04/2015 01:15:00 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.