SENS Announcement – Results of Annual General Meeting

Shareholders are hereby advised that at the annual general meeting of the Company held at 11:00 today, Friday, 17 May 2019, at The Westin Cape Town, Convention Square, Lower Long Street, Cape Town (“AGM”), all of the resolutions were passed by the requisite majorities of the Company’s shareholders.

Details of the results of the voting at the AGM are as follows:

Resolutions proposed at the AGM Votes for resolution as a percentage of total number of shares voted at AGM Votes against resolution as a percentage of total number of shares voted at AGM Number of shares voted at AGM Number of shares voted at AGM as a percentage of shares in issue Number of shares abstained as a percentage of shares in issue
Ordinary resolution number 1:
To re-elect P Burton as director
99.92% 0.08% 43 780 232 58.70% 0.03%
Ordinary resolution number 2:
To confirm V Botha as a non-executive director
99.92% 0.08% 43 780 232 58.70% 0.03%
Ordinary resolution number 3:
To re-appoint DC Kovarsky as member of the audit and risk committee
98.47% 1.53% 43 780 232 58.70% 0.03%
Ordinary resolution number 4:
To re-appoint JH Scholes as member of the audit and risk committee
99.99% 0.01% 43 780 232 58.70% 0.03%
Ordinary resolution number 5:
To re-appoint P Burton as member of the audit and risk committee
99.99% 0.01% 43 780 232 58.70% 0.03%
Ordinary resolution number 6:
To re-appoint KPMG Inc. as the auditor of the Company
99.98% 0.02% 43 780 232 58.70% 0.03%
Ordinary resolution number 7:
Non-binding endorsement of the Company’s remuneration policy
98.40% 1.60% 43 777 529 58.69% 0.03%
Ordinary resolution number 8:
Non-binding endorsement of the Company’s implementation report on the remuneration policy
98.40% 1.60% 43 777 529 58.69% 0.03%
Special resolution number 1:
Approval of remuneration of non-executive directors
99.92% 0.08% 43 777 529 58.69% 0.03%
Special resolution number 2:
Approval of right to provide financial assistance as contemplated in section 45 of the Companies Act
99.92% 0.08% 43 780 232 58.70% 0.03%

Note: Total number of shares in issue as at the date of the AGM was 74 585 065.

Johannesburg
17 May 2019
Sponsor
PSG Capital

SENS Announcement – Broad-Based Black Economic Empowerment Act: Affidavit

In accordance with paragraph 16.21(g) and Appendix 1 to Section 11 of the JSE Limited Listings Requirements, notice is hereby given that the Company submitted a sworn affidavit to the B-BBEE commission stating that the Company qualifies as a B-BBEE small enterprise in terms of section 13G(2) of the Act. The affidavit is available on the Company’s website at www.randgoldexp.co.za.

Johannesburg
25 March 2019
Sponsor
PSG Capital

SENS announcement – Resignation and Appointment of Company Secretary

In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, the board of directors of the Company wishes to advise that Statucor Proprietary Limited has been appointed as company secretary of the Company with immediate effect, replacing Mr Van Zyl Botha.

Johannesburg
19 March 2019
Sponsor
PSG Capital

SENS announcement – Trading Statement

In terms of the JSE Limited Listings Requirements, a listed company is required to publish a trading statement as soon as it becomes reasonably certain that the financial results for the next period to be reported on will differ by 20% or more from the financial results for the previous corresponding period.

Shareholders are hereby advised that a reasonable degree of certainty exists that the Company expects to report:

  • earnings per share of between 3.8 cents per share and 5.8 cents per share, being an increase in the earnings per share of between 139% and 159% for the year ended 31 December 2018, compared to a loss per share of 9.80 cents reported for the year ended 31 December 2017; and
  • headline earnings per share of between 2.6 cents per share and 7.1 cents per share, being an increase in the headline earnings per share of between 111% and 131% for the year ended 31 December 2018, compared to a headline loss per share of 22.54 cents reported for the year ended 31 December 2017.

The reason for the increase in earnings per share and headline earnings per share in the current reporting period is mainly as a result of a settlement payment received from Charles Orbach and Company, a former auditor of R&E. The net asset value increased with 6 cents per share from R2.13 at 31 December 2017 to R2.19 at 31 December 2018.

The information contained in this trading statement has not been reviewed or reported on by the Company’s external auditors. R&E expects to release its financial results for the year ended 31 December 2018 on or about 25 March 2019.

Johannesburg
15 March 2019
Sponsor
PSG Capital

SENS announcement – Changes to the Board of Directors

In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, the board of
directors of the Company (“the Board”) wishes to advise shareholders that Mr Van Zyl Botha
(“Mr Botha”), has stepped down as financial director (“FD”) of the Company with immediate
effect and will remain as a non-executive director on the Board to preserve the corporate
memory of the last 10 years of litigation. The board appreciates the worthy contributions Mr.
Botha has made during his tenure as FD of the Company.

Furthermore, shareholders are advised that in terms of paragraph 3.59(c) of the JSE Limited
Listings Requirements, the Company is pleased to advise shareholders that Mr Marais Steyn
(“Mr Steyn”) will take on the role of joint chief executive officer (“CEO”) and FD of the
Company. The Issuer Regulation Division of the JSE Limited has granted dispensation to allow
Mr Steyn to fulfil this dual role as CEO and FD of the Company on a permanent basis.

The dispensation is based on the current status of the Company with limited operations as
presented to the Issuer Regulation Division of the JSE Limited by the Company.
The audit and risk committee of the Company is satisfied that Mr Steyn has the appropriate
expertise and experience to act as FD of the Company.

Mr Steyn comes with a wealth of relevant accounting and finance experience. He is a
chartered accountant, previously founded an audit practice and corporate finance advisory
firm, has been appointed as an executive director and a financial director of JSE-listed
companies and fills a number of non-executive board appointments.

Johannesburg
27 February 2019
Sponsor
PSG Capital

SENS announcement – Voluntary announcement: Randgold and Charles Orbach reach a settlement

Shareholders are hereby advised that the Company and Charles Orbach and Company (“Charles Orbach”) , a former auditor of R&E, have reached a settlement in respect of the High Court action which the Company brought against Charles Orbach in 2008 (“ the action”) . R&E expects payment of the full settlement amount of R21 750 000.00 (twenty one million seven hundred and fifty thousand Rand) within 14 days in accordance with the settlement agreement

The effect of the settlement is that against payment of the settlement amount, R&E and Charles Orbach shall have no further claims against each other. R&E shall deliver a notice of withdrawal of the action thereafter.

5 November 2018
Johannesburg
Sponsor PSG Capital