Agreement Reached With Trans Caledon Tunnel Authority Central Rand Gold Limited (Incorporated as a company with limited liability under the laws of Guernsey, Company Number 45108) (Incorporated as an external company with limited liability under the laws of South Africa, Registration number 2007/0192231/10) ISIN: GG00B24HM601 LSE share code: CRND JSE share code: CRD ("Central Rand Gold" or the “Company”) AGREEMENT REACHED WITH TRANS CALEDON TUNNEL AUTHORITY Further to the announcement released on 17 October 2012, Central Rand Gold is pleased to announce that an agreement with the Trans Caledon Tunnel Authority (“TCTA”) was executed on 26 November 2012 (“the Agreement”). Signature of the Agreement will give effect to the donation of the pumps, previously purchased from international technology group, Andritz Ritz (“the Pumps”), to TCTA for the planned construction of the new High Density Sludge Treatment Plant (“the Treatment Plant”) for the Central Basin. Construction of the Treatment Plant is scheduled to commence on 8 January 2013. The Pumps, together with the Treatment Plant, will provide the means to contain the rising water table below the Environmental Critical Level of 186 metres below surface (“mbs”), as measured at the South West Vertical Shaft. In addition, the Pumps and the Treatment Plant will further enable Central Rand Gold to gradually dewater the Central Basin, at an incremental operating cost, to the maximum operating depth of the Pumps of 400 mbs. Despite the Pumps’ operating capacity being limited to 400 mbs, the Agreement gives Central Rand Gold the option to undertake further dewatering activities, which will allow the liberation of the Company’s resources lying below the 400 mbs level, as future mining operations may dictate. For further information, please contact: Central Rand Gold +27 (0) 87 310 4400 Johan du Toit / Patrick Malaza Charles Stanley Securities Limited +44 (0) 20 7149 6478 Marc Milmo / Mark Taylor Merchantec Capital +27 (0) 11 325 6363 Monique Martinez / Marcel Goncalves Buchanan +44 (0) 20 7466 5000 Bobby Morse / Louise Mason Jenni Newman Public Relations +27 (0) 11 506 7351 Proprietary Limited Jenni Newman Johannesburg 27 November 2012 Sponsor Merchantec Capital Date: 27/11/2012 09:00:00 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.