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Wed 6 Jul 2011, 12:43 VIL - Village Main Reef Limited - Dealing in securities
VIL
VIL                                                                             
VIL - Village Main Reef Limited - Dealing in securities                         
Village Main Reef Limited                                                       
(formerly known as Village Main Reef Gold Mining Company (1934) Limited)        
(Registration number 1934/0057034/06)                                           
Share Code: VIL                                                                 
ISIN:  ZAE000154761                                                             
("Village" or "the company")                                                    
DEALING IN SECURITIES                                                           
Shareholders are advised of the following information relating to the granting  
of certain share appreciation rights under the company`s Share Appreciation     
Rights Plan and the awarding of shares under the company`s Forfeitable Share    
Plan to executive directors of Village.                                         
                                                                                
Name of director:                            Bernard Swanepoel                  
Transaction date:                            30 June 2011                       
Class of securities:                         Share appreciation rights          
Number of securities:                        3,000,000                          
Price per security:                          117 cents                          
Total value:                                 R3,510,000                         
Vesting date(s):                             12 months from issue               
Period of exercise:                          3 years from vesting               
Nature of transaction:                       Off-market grant                   
Nature and extent of director`s interest:    Direct beneficial                  
Clearance to deal:                           Chairman`s approval granted        
                                                                                
Name of director:                            Marius Saaiman                     
Transaction date:                            30 June 2011                       
Class of securities:                         Share appreciation rights          
Number of securities:                        4,000,000                          
Price per security:                          117 cents                          
Total value:                                 R4,680,000                         
Vesting date(s):                             12 months from issue               
Period of exercise:                          3 years from vesting               
Nature of transaction:                       Off-market grant                   
Nature and extent of director`s interest:    Direct beneficial                  
Clearance to deal:                           Chairman`s approval granted        
                                                                                
Name of director:                            Dalu Ncube                         
Transaction date:                            30 June 2011                       
Class of securities:                         Share appreciation rights          
Number of securities:                        1,000,000                          
Price per security:                          117 cents                          
Total value:                                 R1,117,000                         
Vesting date(s):                             12 months from issue               
Period of exercise:                          3 years from vesting               
Nature of transaction:                       Off-market grant                   
Nature and extent of director`s interest:    Direct beneficial                  
Clearance to deal:                           Chairman`s approval granted        
                                                                                
Name of director:                            Richard de Villiers                
Transaction date:                            30 June 2011                       
Class of securities:                         Share appreciation rights          
Number of securities:                        1,500,000                          
Price per security:                          117 cents                          
Total value:                                 R1,117,000                         
Vesting date(s):                             12 months from issue               
Period of exercise:                          3 years from vesting               
Nature of transaction:                       Off-market grant                   
Nature and extent of director`s interest:    Direct beneficial                  
Clearance to deal:                           Chairman`s approval granted        
                                                                                
Name of director:                            Bernard Swanepoel                  
Transaction date:                            30 June 2011                       
Class of securities:                         Shares in the Forfeitable Share    
                                            Plan ("Forfeitable shares")         
Number of securities:                        2,000,000                          
Price per security:                          117 cents                          
Total value:                                 R2,340,000                         
Strike date(s):                              12 months from issue               
Nature of transaction:                       Off-market award                   
Nature and extent of director`s interest:    Direct beneficial                  
Clearance to deal:                           Chairman`s approval granted        
                                                                                
Name of director:                            Marius Saaiman                     
Transaction date:                            30 June 2011                       
Class of securities:                         Forfeitable shares                 
Number of securities:                        1,000,000                          
Price per security:                          117 cents                          
Total value:                                 R1,117,000                         
Strike date(s):                              12 months from issue               
Nature of transaction:                       Off-market award                   
Nature and extent of director`s interest:    Direct beneficial                  
Clearance to deal:                           Chairman`s approval granted        

Name of director:                            Dalu Ncube                         
Transaction date:                            30 June 2011                       
Class of securities:                         Forfeitable shares                 
Number of securities:                        800,000                            
Price per security:                          117 cents                          
Total value:                                 R936,000                           
Strike date(s):                              12 months from issue               
Nature of transaction:                       Off-market award                   
Nature and extent of director`s interest:    Direct beneficial                  
Clearance to deal:                           Chairman`s approval granted        
                                                                                
Name of director:                            Richard de Villiers                
Transaction date:                            30 June 2011                       
Class of securities:                         Forfeitable shares                 
Number of securities:                        800,000                            
Price per security:                          117 cents                          
Total value:                                 R936,000                           
Strike date(s):                              12 months from issue               
Nature of transaction:                       Off-market award                   
Nature and extent of director`s interest:    Direct beneficial                  
Clearance to deal:                           Chairman`s approval granted        
                                                                                
6 July 2011                                                                     
Sponsor                                                                         
Java Capital                                                                    
Date: 06/07/2011 12:43:02 Produced by the JSE SENS Department.                  
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