DRDGOLD LIMITED - Dealings in securities acceptance of awards

Dealings in securities – acceptance of awards

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

DEALINGS IN SECURITIES – ACCEPTANCE OF AWARDS

Shareholders of DRDGOLD (“Shareholders”) are advised that in terms of the equity settled long-term
incentive scheme (“LTI Scheme”), as approved by Shareholders on 2 December 2019, qualifying
employees are awarded conditional shares on an annual basis, comprising performance shares (80%
of the total conditional shares awarded) and retention shares (20% of the total conditional shares
awarded) ("Awards”).

Awards vest 3 years after the grant date, subject to the rules of the LTI Scheme, including certain
performance conditions being met, and will be settled in the form of DRDGOLD ordinary shares
(“DRDGOLD Shares”) at a zero-exercise price.

DRDGOLD hereby advises Shareholders of the following acceptances of Awards by directors,
prescribed officers and the company secretary of DRDGOLD and directors of its major subsidiaries:

 Nature of transactions:                           Acceptance of Awards
 Class of securities:                              Conditional       shares,   comprising      80%
                                                   performance shares and 20% retention shares,
                                                   which will be settled in DRDGOLD Shares upon
                                                   vesting, in accordance with the rules of the LTI
                                                   Scheme
 Date of acceptance of Awards:                     25 October 2022
 Vesting date:                                     19 October 2025
 Strike price:                                     Rnil
 Nature and extent of interest:                    Direct beneficial
 Transactions completed:                           Off-market


 Name of director:                                 Niël Pretorius
 Name of company of which a director:              DRDGOLD
 Number of conditional shares:                     799 595 (639 676 performance shares and
                                                   159 919 retention shares)
 Deemed value of transaction:                      R7 580 160.60 (based on the DRDGOLD Share
                                                   price on the grant date, being R9.48 on
                                                   19 October 2022 (“Deemed Price”))


 Name of director:                                 Riaan Davel
 Name of company of which a director:              DRDGOLD
 Number of conditional shares:                     425 680 (340 544 performance shares and
                                                   85 136 retention shares)
 Deemed value of transaction:                      R4 035 446.40 (based on the Deemed Price)
 

 Name of prescribed officer:                       Jaco Schoeman
 Name of company of which a prescribed officer:    DRDGOLD
 Number of conditional shares:                     425 680 (340 544 performance shares and
                                                   85 136 retention shares)
 Deemed value of transaction:                      R4 035 446.40 (based on the Deemed Price)


 Name of prescribed officer / company secretary:   Elise Beukes
 Name of company of which company secretary:       DRDGOLD
 Number of conditional shares:                     57 100 (45 680 performance shares and
                                                   11 420 retention shares)
 Deemed value of transaction:                      R541 308.00 (based on the Deemed Price)


 Name of director of subsidiary:                   Henry Gouws
 Name of company of which a director:              ERGO Mining Proprietary Limited
 Number of conditional shares:                     265 451 (212 361 performance shares and
                                                   53 090 retention shares)
 Deemed value of transaction:                      R2 516 475.48 (based on the Deemed Price)


 Name of director of subsidiary:                   Mark Burrell
 Name of company of which a director:              ERGO Mining Proprietary Limited
 Number of conditional shares:                     175 931 (140 745 performance shares and
                                                   35 186 retention shares)
 Deemed value of transaction:                      R1 667 825.88 (based on the Deemed Price)


 Name of director of subsidiary:                   Kevin Kruger
 Name of company of which a director:              Far West Gold Recoveries Proprietary Limited
 Number of conditional shares:                     219 807 (175 846 performance shares and
                                                   43 961 retention shares)
 Deemed value of transaction:                      R2 083 770.36 (based on the Deemed Price)


 Name of director of subsidiary:                   Henriette Hooijer
 Name of company of which a director:              Far West Gold Recoveries Proprietary Limited
 Number of conditional shares:                     150 098 (120 078 performance shares and
                                                   30 020 retention shares)
 Deemed value of transaction:                      R1 422 929.04 (based on the Deemed Price)


In compliance with paragraph 3.66 of the JSE Limited Listings Requirements, prior clearance was
obtained from the chairman of the board of directors of DRDGOLD. The abovementioned transactions
were completed outside of a closed period.

Johannesburg
26 October 2022

Sponsor
One Capital

Date: 26-10-2022 01:00:00
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