DRDGOLD LIMITED - Production update, change to bi-annual reporting and request for shareholder details

Production update, change to bi-annual reporting and request for shareholder details

DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
JSE share code: DRD
ISIN: ZAE000058723
NYSE trading symbol: DRD
(“DRDGOLD” or the “Company”)

DRDGOLD PRODUCTION UPDATE, CHANGE TO BI-ANNUAL REPORTING AND REQUEST FOR
SHAREHOLDER DETAILS

Shareholders of DRDGOLD (“Shareholders”) are hereby informed of the following production update for
FY16Q1 compared with FY15Q4:
   - an estimated 2% increase in volume throughput;
   - an estimated 11% drop in gold production; and
   - stable cash operating costs estimated at R75/tonne.

The decrease in gold production is attributed to inventory build-up associated with the introduction of five
new leach tanks in the low grade carbon-in-leach (“CIL”) circuit, and the switch-over from carbon in pulp
to CIL in the high grade Flotation and Fine Grind Section.

DRDGOLD ended FY16Q1 with R300 million in cash and cash equivalents (from R324 million at the end
of FY15Q4) following the payment of the final R23 million instalment toward retiring its DMTN programme.

In line with DRDGOLD's intention to reduce corporate costs, the leads and lags associated with business
improvements and the cyclical nature of certain cost drivers in the South African operating environment,
(for example power supply), management has reviewed DRDGOLD's financial reporting cycle.

Shareholders are therefore advised that DRDGOLD will no longer be reporting on a quarterly basis and
accordingly, the Company will commence in reporting to Shareholders bi-annually. Shareholders will be
provided with interim operating and financial results for the period ending 31 December 2015, as soon as
reasonably possible following the end of the period. The Company may provide trading and operating
updates from time to time, should circumstances require.

In line with DRDGOLD’s intention to reduce corporate costs, Shareholders are requested to update their
contact information with their brokers, in order for the Company to provide Shareholders with
communications via electronic distributions rather than Shareholder communications being printed and
posted.

Crown Mines
28 October 2015

Sponsor
One Capital

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