Sharenet Sites 
Sharenet Sites
Special Dividend Declaration Announcement
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”)
SPECIAL DIVIDEND DECLARATION ANNOUNCEMENT
Shareholders are referred to the announcement published on SENS by the
Company on 16 April 2014, relating to the settlement agreement concluded
between the Company and PricewaterhouseCoopers Incorporated (“the
Settlement”) and the voluntary circular dated 30 April 2014 setting out the
full particulars of the Settlement and convening a general meeting of
shareholders (“the General Meeting”).
Shareholders are further referred to the announcement published on SENS by
the Company on 30 May 2014, whereby shareholders were advised that the
requisite majority of shareholders approved all resolutions relating to the
Settlement at the General Meeting.
On 26 June 2014, the Company received payment of R150 million from
PricewaterhouseCoopers.
After consideration of the cash position of the Company, as a result of the
Settlement, the directors have approved and declared a gross special cash
dividend of 225 cents from income reserves, equating to approximately R161
million in aggregate.
No secondary tax on companies credits are available to be utilised by the
Company for the special dividend. The final dividend amount, net of South
African dividend tax of 15% which equates to 33.75 cents per share, is
therefore 191.25 cents per share for those shareholders that are not exempt
from dividend tax.
The number of ordinary shares in issue at the declaration date is
74 585 065, and the income tax number of the company is 9042/001/60/3.
The salient dates of this special dividend distribution are:
Last day to trade cum dividend Friday, 18 July 2014
Trading ex dividend commences Monday, 21 July 2014
Record date Friday, 25 July 2014
Date of payment Monday, 28 July 2014
Share certificates may not be dematerialised or rematerialised between
Monday, 18 July 2014, and Friday, 25 July 2014, both days inclusive.
Johannesburg
26 June 2014
Sponsor
PSG Capital
Date: 26/06/2014 03:00:00 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.
