Redstone Capital Share Option take-up 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: GG00B92NXM24 LSE share code: CRND JSE share code: CRD (“Central Rand Gold” or the “Company”) Redstone Capital Share Option take-up Pursuant to the terms of the option agreement entered into between the Company and Redstone Capital Limited (“Redstone Capital”) dated 2 August 2013 (“Option Agreement”), following completion of the open offer that was completed by the Company on 20 January 2014, Redstone Capital had the right to subscribe for a maximum of 32,605,167 new ordinary shares. The Company has received confirmation that Redstone Capital will take up its rights under the Option Agreement and that Redstone Capital is subscribing for 23,991,300 Ordinary Shares at a price of 8.78 pence per Ordinary Share. The total consideration payable to the Company pursuant to this subscription is approximately £2.11 million. Following the exercise of the option, Redstone Capital will be interested in 23,991,300 Ordinary Shares representing approximately 31.91% of the Company’s current issued share capital. In addition, Redstone Capital holds loan notes and warrants in the Company which, if converted and exercised in full, would give Redstone Capital an additional 81,273,654 ordinary shares. Application is being made for the 23,991,300 Ordinary Shares issued following the exercise of the option to be admitted to trading on AIM and AltX. It is expected that admission will occur on 2 April 2014. The new Ordinary Shares issued pursuant to the exercise of the option will rank pari passu with the existing Central Rand Gold Ordinary Shares. Following the issue of new Ordinary Shares to Redstone Capital under the Option Agreement, the issued share capital of the Company will be 75,180,808 Ordinary Shares. Johan du Toit, Chief Executive Officer, commented: “I would like to thank Redstone Capital for its continued support demonstrated by the take up of its option rights following the open offer. This continued support by our strategic investor will further advance the improvements to our operations and continue Central Rand Gold’s goal of increasing value to our shareholders.” 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 6000 Marc Milmo / Mark Taylor Merchantec Capital +27 (0) 11 325 6363 Marcel Goncalves / Monique Martinez Buchanan +44 (0) 20 7466 5000 Bobby Morse/Louise Mason www.buchanan.uk.com Jenni Newman Public Relations Proprietary Limited +27 (0) 11 506 735 Jenni Newman Johannesburg 25 March 2014 JSE Sponsor Merchantec Capital Date: 25/03/2014 04:04:00 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.