Investor Centre

Announcements

The loan agreement between Simmer & Jack Mines, Limited and Aberdeen International Incorporated (“Aberdeen”) refers. In terms of the agreement, Aberdeen exercised its option to convert the loan of US $ 10 million into Simmers equity at R0.80c per Simmers share. This conversion, which required the approval of Simmers shareholders, was rejected by an 84% majority of the shares represented at the general meeting of shareholders held on 16 February 2009. Aberdeen has subsequently issued various statements referring to the terms and effects of the loan agreement. Shareholders are advised that these statements do not accord with Simmers’ interpretation of the terms of the loan agreement and are accordingly referred to the circular entitled “Conversion of Aberdeen Loan Agreement,” dated 30 January 2009.