RANDGOLD & EXPLORATION COMPANY LTD - Trading Statement and Changes to the Chairman of the Audit Committee

Trading Statement and Changes to the Chairman of the Audit Committee

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 AND CHANGES TO THE CHAIRMAN OF THE AUDIT
COMMITTEE

A. TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited (“JSE
Listings Requirements”), companies are required to publish a
trading statement as soon as they become reasonably certain
that the financial results for the period to be reported on
next will differ by more than 20% from those of the previous
corresponding period.

Shareholders are hereby advised that a reasonable degree of
certainty exists that the earnings per share for the year
ended 31 December 2012 is expected to be between 9 and 11
cents per share (2011: 66 cents). Headline earnings per share
is expected to be between 1 and 3 cents per share (2011:
Headline loss of 21 cents).

The information contained in this trading statement has not
been reviewed or reported on by the Company's external
auditors. R&E expects to release its financial results for the
year ended 31 December 2012 in due course.

B. CHANGES TO THE CHAIRMAN OF THE AUDIT COMMITTEE

In compliance with paragraph 3.59 of the JSE Listings
Requirements, the board of directors of R&E hereby notifies
its shareholders of the resignation of Mr. DC Kovarsky as the
chairman of the audit committee. Mr. DC Kovarsky will remain a
member of the audit committee.       Shareholders are further
advised that Mr. JH Scholes has been appointed as the chairman
of the audit committee.

The effective date of the aforementioned changes is 14 March
2013.

Johannesburg

15 March 2013
Sponsor
PSG Capital

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