RNG - Randgold & Exploration Company Limited - Clarification regarding ratio

RNG - Randgold & Exploration Company Limited - Clarification regarding ratio    
of Gold Fields Limited shares to be distributed                                 
Randgold & Exploration Company Limited                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1992/005642/06)                                            
Share code: RNG                                                                 
ISIN: ZAE000008819                                                              
("R&E" or "the Company")                                                        
CLARIFICATION REGARDING RATIO OF GOLD FIELDS LIMITED SHARES TO BE DISTRIBUTED   
1.   Shareholders are referred to the circular ("the Circular") issued by the   
    Company on 8 November 2010, as well as to the Company`s SENS                
announcement dated 12 October 2010 and its subsequent announcements         
    relating to:                                                                
    1.1  a distribution in specie of the R&E shareholding in Gold Fields        
         Limited ("Gold Fields"), comprising 2 270 687 ordinary shares in       
Gold Fields, as a specific payment to R&E shareholders in terms of     
         section 90 of the Companies Act 61 of 1973, as amended; and            
    1.2  a special dividend of 90 cents per share to R&E shareholders.          
2.   With reference to the aforesaid distribution in specie, as detailed in     
the Circular and the abovementioned announcements, the Company confirms     
    for purposes of clarification that R&E Shareholders will receive 3.16193    
    Gold Fields shares for every 100 ordinary shares held in R&E on the         
    record date.                                                                
3.   Shareholders are referred to the finalisation announcement on 10           
    December 2010 and to the salient dates and times section of the Circular    
    and are reminded that trade in the ordinary shares of the Company           
    commenced trading ex distribution in specie and ex special dividend         
today, 10 January 2011.                                                     
4.   US shareholders are referred to the Company`s website                      
    (www.randgoldexp.co.za), specifically the announcement published on 8       
    July 2010, for information regarding the US market.                         
Johannesburg                                                                    
10 January 2011                                                                 
Sponsor                                                                         
PSG Capital (Pty) Limited                                                       
Date: 10/01/2011 11:38:01 Supplied by www.sharenet.co.za                     
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