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DRD - DRDGold Limited - Termination of business rescue proceedings in respect of Blyvooruitzicht Gold Mining Company Limited ("Blyvoor") and continuation of cautionary announcement 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" or "Company") TERMINATION OF BUSINESS RESCUE PROCEEDINGS IN RESPECT OF BLYVOORUITZICHT GOLD MINING COMPANY LIMITED ("BLYVOOR") AND CONTINUATION OF CAUTIONARY ANNOUNCEMENT DRDGOLD shareholders ("Shareholders") are referred to the announcement published by the Company on 23 June 2011, wherein Shareholders were advised that Blyvoor`s board of directors had resolved to place Blyvoor under business rescue proceedings ("Business Rescue Proceedings") in terms of Chapter 6 of the Companies Act, No. 71 of 2008 ("Act"). Shareholders are hereby further advised that the Business Rescue Practitioner ("BRP"), appointed to oversee Blyvoor during the Business Rescue Proceedings, has concluded that there are no longer reasonable grounds to believe that Blyvoor is financially distressed as envisaged in Chapter 6 of the Act. Accordingly, the BRP filed a notice of termination of Business Rescue Proceedings with the Companies and Intellectual Property Commission on 10 November 2011, thereby immediately terminating the Business Rescue Proceedings ("Termination"). Furthermore, Shareholders are referred to the announcement published by the Company on 8 November 2011 ("Announcement"), wherein Shareholders were informed that DRDGOLD had, on a non-binding and in-principle basis, accepted a non-binding expression of interest ("EOI") from Village Main Reef Limited ("Village") to acquire all of DRDGOLD`s interests in Blyvoor ("Blyvoor Transaction"). The EOI contained certain conditions precedent in respect of the Blyvoor Transaction, which included, inter alia, the requirement that the Business Rescue Proceedings be terminated to the satisfaction of Village. DRDGOLD today informed Village of the Termination and, although Village still has to confirm whether the Termination satisfies the relevant condition precedent to Blyvoor Transaction, the Termination represents an important step towards the potential implementation of the Blyvoor Transaction. CONTINUATION OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the further cautionary announcement contained in the Announcement and are advised that the negotiations referred to in the Announcement are on-going, the outcome of which may have a material effect on the price of DRDGOLD`s securities. Accordingly, Shareholders are advised to continue exercising caution when dealing in DRDGOLD`s securities until a further announcement is made. Roodepoort 11 November 2011 Corporate Advisor and Sponsor: One Capital Attorneys: Cliffe Dekker Hofmeyr Inc. Date: 11/11/2011 13:45:52 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.
