Q1 results FY2013-Java Capital comments (00112485).DOCX Village Main Reef Limited (formerly Village Main Reef Gold Mining Company (1934) Limited) Incorporated in the Republic of South Africa

Registration number 1934/005703/06

JSE code: VIL ISIN: ZAE000154761

("Village" or "the Company" or "the Group")

For immediate release 93/2014-jk

CLARIFICATION STATEMENT: Blyvoor litigation

2 October 2014. We refer to the regulatory disclosures in our preliminary results announcement of

1 October 2014 and a subsequent media article in response to which we would like to provide further clarity.
Village Main Reef (Village) disclosures related to alleged pollution from tailings streams at the
Blyvooruitzicht gold mine (Blyvoor) which Village operated between May 2012 and July 2013.
Investigations by the Department of Environmental Affairs (DEA) into the alleged pollution, over an extensive time period, including the 14-month period during which Village operated the mine, are still underway. As part of its investigations the DEA has interviewed the directors of Village and other mining companies.
Village, in conjunction with its legal advisers, ENSafrica, is co-operating fully with the DEA in its investigations and, at present, this represents the full extent of the Company's and its directors' involvement.
To date, Village and Blyvoor directors have received draft charges. Should formal charges be laid against Village and should the courts apply financial sanction, the Company's finances could possibly be affected. However, formal charges have not been laid by the National Prosecuting Authority (NPA) against Village or other mining companies.
It is on this basis and our commitment to transparency that we alerted stakeholders.

Contacts: Ferdi Dippenaar CEO Email: ferdi@villagemainreef.co.za Mobile: 082 807 3684 Issued by: Russell and Associates Email: charmane@rair.co.za/jan@rair.co.za Tel: 011 880 3924
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