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                                                              
("R&E" or "the Company")                                                        
TRADING STATEMENT                                                               
In terms of the Listings Requirements of the JSE Limited, a listed company      
is required to publish a trading statement as soon as it is satisfied that a    
reasonable degree of certainty exists that the financial results for the        
financial period to be reported on next will vary by 20% or more from those     
of the previous corresponding period.                                           
Shareholders are hereby advised that a reasonable degree of certainty exists    
that the earnings per share of R&E for the financial year ended 31 December     
2011 will be between 56 and 76 cents per share, compared to the audited         
earnings per share of 1032 cents per share for the previous financial year      
ended 31 December 2010. Shareholders should however take note that included     
in the earnings per share for the financial year ended 31 December 2010 was     
the JCI settlement which amounted to 1091 cents per share, without which the    
loss per share for the financial year ended 31 December 2010 would have         
amounted to 59 cents per share.                                                 
Furthermore, a reasonable degree of certainty exists that the headline loss     
per share for the financial year ended 31 December 2011 will be between 11      
and 31 cents per share, compared to the audited headline earnings per share     
of 1051 cents per share for the previous financial year ended 31 December       
2010. As detailed above, included in the headline earnings per share for the    
financial year ended 31 December 2010 was the JCI settlement of 1091 cents      
per share, without which the headline loss per share for the financial year     
ended 31 December 2010 would have amounted to 40 cents per share.               
The earnings per share and headline earnings per share for the financial        
year ended 31 December 2011 is therefore in line with management`s              
expectations.                                                                   
The financial information on which this trading statement is based has not      
yet been reviewed and reported on by the Company`s auditors. The results for    
the financial year ended 31 December 2011 are expected to be published in       
due course.                                                                     
Johannesburg                                                                    
17 February 2012                                                                
Sponsor                                                                         
PSG Capital                                                                     
Date: 17/02/2012 16:22:40 Supplied by www.sharenet.co.za                     
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