RNG - Randgold & Exploration Company Limited - Trading statement

RNG - Randgold & Exploration Company Limited - Trading statement                
Randgold & Exploration Company Limited                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1992/005642/06)                                            
Share code: RNG                                                                 
ISIN: ZAE000008819                                                              
("the Company")                                                                 
TRADING STATEMENT                                                               
In  accordance with paragraph 3.4(b) of the Listings Requirements of the  JSE   
Limited,  companies are required to inform shareholders as soon as  there  is   
reasonable degree of certainty that the earnings of the company are likely to   
vary by more than 20% compared to the previous corresponding period.            
The  Board  of  Directors therefore wishes to advise  shareholders  that  the   
Company  expects to report basic earnings per share attributable to  ordinary   
shareholders for the six months ended 30 June 2011 of between 69 cents and 85   
cents, compared to basic earnings per share of 1 103 cents for the six months   
ended 30 June 2010.                                                             
Headline  loss per share attributable to ordinary shareholders  for  the  six   
months ended 30 June 2011 is expected to be between 2 cents and 18 cents  per   
share,  compared to headline earnings per share of 1 122 cents  for  the  six   
months ended 30 June 2010.                                                      
Shareholders are reminded that the results for the comparable period in  2010   
included  the settlement with JCI Limited and a litigation settlement,  which   
together  contributed 1 126 cents to earnings per share and headline earnings   
per share.                                                                      
The  difference between earnings per share and headline loss per share in the   
current interim period is a result of the exclusion of certain re-measurement   
items when calculating the headline loss per share (in accordance with IFRS).   
The  financial information included in this trading statement  has  not  been   
reviewed and reported on by the Company`s external auditors.                    
Johannesburg                                                                    
12 July 2011                                                                    
Sponsor:  PSG Capital (Proprietary) Limited                                     
Date: 12/07/2011 17:22:01 Supplied by www.sharenet.co.za                     
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