Board Resignation Operational and Organisational Review 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”) Board Resignation Operational and Organisational Review Board Resignation The Board of directors of Central Rand Gold hereby notifies its shareholders that Finance Director, Patrick Malaza, has resigned from the Company, to pursue other business interests. Patrick will leave the Company at the end of July 2014. Patrick’s resignation enables the Company to reallocate duties within the finance team. This will provide an opportunity for emerging talent within the finance team to assume more responsibility and also contribute to the future success of the Company. Further, the reallocation of duties will result in a significant reduction in remuneration costs. Johan du Toit, Chief Executive Officer of the Company commented: “I would like to thank Patrick for his invaluable contribution over the last five years, which included some very trying and tough times. I wish him all the best for his future business endeavours. With any change, new opportunities arise and I believe that our existing employees have the capability to take up these new and additional roles and responsibilities.” Operational and Organisation Review With the successful commissioning of the new mill 3(“Mill 3”) completed in May, the Company has embarked on an efficiency review of the entire operations. The purpose of the review is to identify efficiency improvement opportunities which it is hoped will have a streamlining effect across the organisation. Commenting on the efficiency review was Nathan Taylor “It is important that we as a Company are constantly reviewing how we conduct our business. We need to ensure that we are always striving to improve and operate more efficiently. The commissioning of Mill 3 on time and within budget was exceptional and has established a new benchmark for how we must approach all areas of the business. We look forward to updating shareholders further as new operational efficiencies are identified and executed.” For further information, please contact: Central Rand Gold +27 (0) 11 674 2304 Johan du Toit / Nathan Taylor 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 6 June 2014 Sponsor Merchantec Capital Date: 06/06/2014 08:00:00 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.