Subscription to Raise £200,000 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”) SUBSCRIPTION TO RAISE £200,000 Central Rand Gold is pleased to announce that it is undertaken a subscription to raise £0.20 million through the subscription of 2,000,000 new ordinary shares (“Subscription Shares”) at a price of 10 pence per ordinary share (the “Subscription”). The proceeds of the Subscription will be used primarily to strengthen the Company’s balance sheet and provide working capital in order to undertake continued surface mining operations, together with the programmed plant upgrades and efficiency processes improvements. The upgrades and improved efficiencies are intended to improve plant availability and recovery rates. The proceeds will also be used to repay trade creditor balances relating to the closure of the Company’s underground mining operations and complete the disposal of Central Rand Gold (Netherlands Antilles) N.V., as previously announced. Application has been made for the 2,000,000 Subscription Shares to be admitted to trading on AIM and on AltX (“Admission”). It is expected that Admission will become effective on AIM at 8.00 a.m. (UK time) on 24 June 2015 and thereafter on AltX. The Subscription Shares will, when issued and fully paid, rank pari passu with the existing ordinary shares, including the right to receive all dividends and other distributions declared, made or paid after the date of Admission. Following Admission of the Subscription Shares, the total issued share capital of the Company will increase to 95,195,808 ordinary shares. The Company does not hold any shares in treasury and therefore the total number of voting rights is 95,195,808 ordinary shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a charge to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules. For further information, please contact: Central Rand Gold +27 (0) 87 310 4400 Johan du Toit / Nathan Taylor Charles Stanley Securities – Nominated Adviser +44 (0) 20 7149 6000 Marc Milmo / Mark Taylor Merchantec Capital – JSE Sponsor +27 (0) 11 325 6363 Marcel Goncalves / Monique Martinez Jenni Newman Public Relations Proprietary Limited +27 (0) 11 506 735 Jenni Newman Johannesburg 19 June 2015 Date: 19/06/2015 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.