DRDGOLD LIMITED - Management Refuses Nums Eleventh-Hour Wage Negotiation Demands: 600 Employees Down Tools At Ergo

Management Refuses Num’s Eleventh-Hour Wage Negotiation Demands: 600 Employees Down Tools At Ergo

DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
JSE share code: DRD
ISIN: ZAE000058723
Issuer code: DUSM
NYSE trading symbol: DRD
(“DRDGOLD” or “the Company”)

MANAGEMENT REFUSES NUM’S ELEVENTH-HOUR WAGE NEGOTIATION DEMANDS:
 600 EMPLOYEES DOWN TOOLS AT ERGO

DRDGOLD hereby advises its shareholders that some 600 employees at its Ergo operation downed tools
at the start of the day shift today.

This follows DRDGOLD management’s refusal to accede to eleventh-hour demands by the union in wage
negotiations that all entry-level employees be “rolled up” from job category 4 to job category 6, and that a
skills retention increase for engineering foremen be extended to all foremen.

The Company’s offer, for the two-year period, is a basic wage increase of 8% for employees in job
categories 4 and 5 and of 7.5% for employees in Categories 6 to 15, together with 10% increases in the
living out allowances for 2013 and 2014.

The effect of the implementation of the Company’s offer would be an 8.1% increase in the Company’s
annual wage bill, amounting to approximately R19 million per annum.

Implementation of the union’s eleventh-hour demands would increase this by a further 18.2% or
R43 million per annum.

At present, DRDGOLD’s Ergo operations are not affected by the industrial action. The industrial action is
protected as the union was granted a strike certificate of non-resolution of dispute by the CCMA.



Roodepoort

8 October 2013



Sponsor

One Capital

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