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DRD - DRDGold Limited - DRDGold Restructures, Re-Names to separate surface

Release Date: 14/01/2011 15:42
Code(s): DRD
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DRD - DRDGold Limited - DRDGold Restructures, Re-Names to separate surface Retreatment and underground mining interests DRDGOLD LIMITED (Incorporated in the Republic of South Africa) (Registration number 1895/000926/06) JSE share code: DRD ISIN: ZAE000058723 Issuer code: DUSM Nasdaq trading symbol: DROOY DRDGOLD RESTRUCTURES, RE-NAMES TO SEPARATE SURFACE RETREATMENT AND UNDERGROUND MINING INTERESTS Johannesburg, South Africa, 14 January 2011: DRDGOLD Limited (JSE: DRD; NASDAQ: DROOY) has announced a change in its group structure in order to better distinguish between its surface retreatment and underground operations. In terms of this restructuring: * operating subsidiary DRDGOLD South African Operations (Proprietary) Limited ("DRDGOLD SA"), which is 74% held by DRDGOLD Limited, 20% by Khumo Gold SPV (Proprietary) Limited ("Khumo Gold") and 6% by the DRDSA Empowerment Trust ("the Trust") , has changed its name to Ergo Mining Operations (Proprietary) Limited, which now controls Ergo Mining (Proprietary) Limited, Crown Gold Recoveries (Proprietary) Limited and East Rand Proprietary Mines Limited each of which is surface retreatment operations. * Blyvooruitzicht Gold Mining Company Limited, primarily an underground mining operation previously held 100% by DRDGOLD SA, is now directly held by DRDGOLD Limited (74%), Khumo Gold (20%) and the Trust (6%). Commenting on the changes, DRDGOLD Limited Chief Executive Officer Niel Pretorius said: "We believe this is a move towards placing two quite different sets of assets under separate brands, in order to ultimately provide separate investment opportunities for two distinct investor types." Roodepoort 14 January 2011 Sponsor One Capital Date: 14/01/2011 15:42:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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