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Announcements and Media Coverage

SENS AND PRESS RELEASES


VOLUNTARY ANNOUNCEMENT - UNAUDITED NAV STATEMENT AND RENEWAL OF CAUTIONARY

 
26 Oct 2010 - Shareholders are aware that JCI concluded Settlement Agreements in January 2010 in terms of which it finally settled claims against it by Randgold & Exploration
Company Limited (”Randgold”), Letseng and Investec, which claims arose in 2005 or earlier.

A Circular to shareholders was distributed in May 2010 and a General Meeting of shareholders was held on 4 June 2010 to approve those Agreements.

The suspensive conditions of those Agreements have been fulfilled and have become unconditional, thereby allowing JCI to complete and publish Annual Financial Statements for the period 2005 to 2010.

The company anticipates completing and distributing such Annual Financial Statements and an Interim Report for the 6 months to 30 September 2010 to shareholders by the end of January 2011 and holding an Annual General Meeting of
shareholders to approve such Annual Financial Statements in February 2011.

Unaudited net asset value statement
An unaudited Net Asset Value (”NAV”) Statement of the JCI Group at 30 September 2010 has been prepared and presented below which provides shareholders with the unaudited financial position of JCI at that date.

The said NAV Statement compares the NAV of JCI at 31 December 2009 and the projected post settlement NAV of JCI at 31 December 2009 with the actual unaudited NAV at 30 September 2010.

JCI`s NAV at 30 September 2010 is approximately R71 million less than projected principally due to the reduced market prices realised for its investments in Goldfields and Randgold and the ongoing running costs of JCI for 9 months.

The Board of Directors is assessing the future of JCI and will advise shareholders of any developments in this regard. In any event, this topic will be addressed at the Annual General Meeting in February 2011.

JCI LIMITED
30 SEPTEMBER 2010
GROUP UNAUDITED NET ASSET VALUE STATEMENT




























































































































































































































































































   30 SEPTEMBER
2010
31 DECEMBER
2009 *
31 DECEMBER 2009 *
   
Post Pre
    Settlement Settlement
ASSETS Notes (R000`s) (R000`s) (R000`s)
Listed Investments 1 - 335,900 910,852
Goldfields   - 275,552 843,446
Randgold   - 60,348 67,406
Unlisted Investments   544,554 625,261 787,221
Boschendal 2 402,132 397,190 397,190
Xelewa (Pty) Ltd 3 136,822 140,984 140,984
Free State Development and Investment Corporation Ltd 4 5,600 79,587 241,547
Loan receivable   - 7,500 7,500
Other assets   73,937 81,445 92,070
Properties   47,526 40,519 40,519
Cash and cash
equivalents
5 13,362 40,926 51,551
Taxation recoverable   13,049 - -
TOTAL ASSETS   618,491 1,042,606 1,790,143
     
LIABILITIES    
Other liabilities   (30,784) (383,957) (545,917)
Litigation settlements 6 - (307,500) (307,500)
Short term loan   (14,633) - -
Income tax/VAT/CGT payable   (4,990) - -
Deferred taxation   - (22,674) (22,674)
Trade and other payables 7 (11,161) (53,783) (215,743)
     
TOTAL LIABILITIES   (30,784) (383,957) (545,917)
NET ASSETS   587,707 658,649 1,244,226
   

 
ISSUED SHARES   3,780,509,213 3,780,509,213 2,224,798,993
Number of shares   (424,244,548) (432,875,027) (217,656,187)
Treasury shares   3,356,264,665 3,347,634,186 2,007,142,806
Value per share - RandS   R0.1751 R0.1968 R0.6199
     
*Per circular to shareholders dated 13 May 2010    
JCI LIMITED    
30 SEPTEMBER 2010    
NOTES TO UNAUDITED NET ASSET STATEMENT    
     
     












































































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1 LISTED INVESTMENTS



   

30 SEPTEMBER 2010
31 DECEMBER 2009*
  No of VWAP Shares Value No of VWAP Shares Value (000`s) (Rands) (R000`s)
  Goldfields - - - 2,597 106.113 275,552
  Randgold - - - 7,436 8.1160 60,348
     
  The Goldfields shares and the Randgold shares were sold primarily in order
to settle the Investec fee - refer note 6.
     
2 BOSCHENDAL INVESTMENT No of shares Price/share Value(R000`s) (000`s)
 
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