Media releases

Settlement with JCI Limited

Details

Published: Wednesday, 01 October 2008 02:00

Over the past eight years, DRDGOLD has been in dispute and litigation with numerous parties including Mr RAR Kebble, the late Mr B Kebble, Mr J Stratton, Mr H Buitendag and JCI Limited (“JCI”) in South Africa (“the parties”). The litigation included a claim in relation to the Rawas transaction. These matters have been well publicised in the media. On 16 September 2008, all disputes between DRDGOLD and the parties were settled. In terms of the settlement agreement, JCI has paid to DRDGOLD a total sum of R25,5 million. DRDGOLD and the parties have agreed that all claims and counterclaims have been resolved without any admission of liability.

Randburg
1 October 2008

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