Changes to the Board of Director of Randgold & Exploration

Shareholders are advised of the following changes to the board of directors of the Company, in terms of rule 3.59 of the Listings Requirements of the JSE Limited:


R&E advises that Mr. Izan du Bruin (“Izan”) has resigned as an independent nonexecutive director of the Company with immediate effect. R&E would like to thank Izan for his services to the Company and wish him well with his future endeavors.


Shareholders are further informed that Mr. John Hulme Scholes (“Hulme”) has been appointed as an independent non-executive director of the Company with immediate effect.

Hulme holds a BA Law and LLB degree from the University of the Witwatersrand and is an admitted attorney of the High Court of the RSA. Hulme specialised in mining and mineral law and has practiced exclusively in the field for 15 years. He was appointed as a commercial director of Aquarius Platinum (“AQPSA”) during 2008 and was a partner at Werksmans Attorneys from 1999 to 2008 and a non-executive director of AQPSA from 2004 until he became an executive director of AQPSA in 2008.

R&E welcomes the appointment of Hulme and looks forward to his valued contributions to the Company.

19 February 2010
PSG Capital (Pty) Limited

Posted in Company Announcements.