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

Withdrawal of Cautionary Announcement

Shareholders are referred to the Company’s cautionary announcement released on SENS on 25 October 2018, which are hereby withdrawn, and shareholders are no longer required to exercise caution when dealing in the Company’s securities.

5 November 2018
Johannesburg
Sponsor PSG Capital

DISCLOSURE OF DISPOSAL OF SECURITIES

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended, and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that Randgold & Exploration Company Limited has received formal notification in the prescribed form from Allan Gray Proprietary Limited (“Allan Gray”) on behalf of Allan Gray clients , advising that it has disposed of a beneficial interest in securities of the Company, such that the total of all beneficial interests held by it amounts to 14.2419% of the Company’s total issued ordinary share capital.

Johannesburg
30 October 2018
Sponsor PSG Capital

SENS announcement – Cautionary Announcement

Shareholders are hereby advised that the Company has entered into negotiations regarding the potential settlement of certain legal disputes to which the Company is a party, which if successfully concluded, may have a material effect on the price of the Company’s securities.

Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until a further announcement is made in this regard.

25 October 2018
Johannesburg
Sponsor PSG Capital

Disclosure of Acquisition of Securities

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended, and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that the Company has received formal notification in the prescribed form of the following transaction:

Charisma Holdings (Proprietary) Limited and Zerbans Cake & Coffee Shop CC, which two entities are inter-related entities as defined in the Companies Act, No. 71 of 2008, in aggregate acquired a beneficial interest in the securities of the Company such that the total interest in the securities of the Company held by Charisma Holdings (Proprietary) Limited and Zerbans Cake & Coffee Shop CC in aggregate now amounts to approximately 20.21% of the total issued ordinary share capital of the Company.

Johannesburg
23 October 2018
Sponsor
PSG Capital

Summarised group unaudited interim financial highlights for the six months ended 30 June 2018

COMMENTARY TO SUMMARISED GROUP INTERIM FINANCIAL STATEMENTS

Income

The majority of income recognised in the period under review was derived from interest earned on cash investments. The company recorded a net loss of R8.4 million for the period compared to a net loss of R10.8 million for the corresponding period last year. The decrease in loss was mainly as a result of a decrease in legal and consulting fees.

Financial position

R&E is liquid with no interest-bearing debt. R&E’s total assets consist primarily of cash and cash equivalents. R&E had a net asset value of R2.02 per share at 30 June 2018 (R2.13 per share at 31 December 2017). The decrease in net asset value was due to the loss incurred during the period.

Cash flow

R&E started the period under review with a cash and cash equivalent balance of R160.1 million. The company’s cash outflow of R8.8 million was the net result of interest earned on cash received less cash utilised to fund operations during the period.

R&E remains in a healthy cash position with R151.3 million in cash and cash equivalents at 30 June 2018.

Outlook

The outlook for the balance of the year is largely dependent on the progress and outcome of current legal matters.

Expenditure on litigation for the balance of the year is expected to be at a similar level as in the first half. This level of litigation expenditure is likely to prevail until the claims brought against and instituted by the company have been finalised.

David Kovarsky 
Chairman Chief

Marais Steyn
Executive Officer

Johannesburg
24 August 2018


THE SUMMARISED GROUP UNAUDITED INTERIM FINANCIAL HIGHLIGHTS FOR THE SIX MONTHS ENDED 30 JUNE 2018 ARE AS FOLLOWS:

For the six months ended
30 June 2018
Unaudited
30 June 2017
Unaudited
% Change
Basic and diluted loss per ordinary share
Basic and diluted loss for the period (R’000) (8 482) (10 832) 21.69%
Weighted average number of ordinary shares in issue (’000) 71 585 71 585
Loss per share (cents) (11.85) (15.13) 21.68%
Headline and diluted headline loss per ordinary share
Headline and diluted headline loss for the period (R’000) (8 482) (10 832) 21.69%
Weighted average number of ordinary shares in issue (’000) 71 585 71 585
Headline loss per share (cents) (11.85) (15.13) 21.68%
Net asset and tangible net asset value per share
The net asset value per share is calculated using the following variables:
Net asset value (R’000) 144 794 148 729 (2.65%)
Ordinary shares outstanding (’000) 71 585 71 585
Net asset value per share (cents) 202.2 207.8 (2.69%)
Net tangible asset value per share (cents) 202.2 207.8 (2.69%)
Loss from operating activities (14 539) (17 591) 17.35%

Notice to shareholders

This announcement contains only a summary of the information contained in the full announcement made on SENS on Tuesday, 28 August 2018 (Full Announcement). Please refer to the Full Announcement for additional information. The Full Announcement is available for viewing on R&E’s website at www.randgoldexp.co.za or may be requested and obtained in person, at no charge, at the registered office of the company or the company’s sponsor during office hours. Any investment decisions by investors and/or shareholders should be based on consideration of the Full Announcement made on SENS. This short-form announcement is the responsibility of the R&E board of directors.

SENS Announcement – Trading Statement

In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by more than 20% from those of the previous corresponding period.

Shareholders are hereby advised that a reasonable degree of certainty exists that the Company expects to report a loss and headline loss per share of between 11.09 cents per share and 12.61 cents per share for the six months ended 30 June 2018 compared to a loss and headline loss per share of 15.13 cents for the six months ended 30 June 2017, being a decrease in the loss of between 16.7% and 26.7% per share.

The reason for the decrease in the loss and headline loss per share in the current reporting period is mainly a result of a decrease in legal and consulting fees.

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 six months ended 30 June 2018 on or about 28 August 2018.

24 August 2018
Johannesburg
Sponsor
PSG Capital

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

In accordance with paragraph 16.20 (g) and Appendix 1 to Section 11 of the JSE Listing Requirements, notice is hereby given that the Company submitted a sworn affidavit to the BBBEE 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.

20 June 2018
Johannesburg
Sponsor PSG Capital