DRDGOLD LIMITED - Dividend

Dividend

DRDGOLD Limited
(Incorporated in the Republic of South Africa)
Registration No. 1895/000926/06
JSE share code: DRD
ISIN: ZAE 000058723
Issuer code: DUSM
NYSE trading symbol: DRD
("DRDGOLD" or the "company")

DIVIDEND

The DRDGOLD board has declared a dividend of 38 SA cents per ordinary share
for the quarter ended 31 March 2016 as follows:

- the dividend has been declared out of income reserves;
- the local Dividends Tax rate is 15% (fifteen per cent);
- the gross local dividend amount is 38 SA cents per ordinary share
  for shareholders exempt from the Dividends Tax;
- the net local dividend amount is 32.3 SA cents per ordinary share
  for shareholders liable to pay the Dividends Tax;
- DRDGOLD currently has 430 883 767 ordinary shares in issue
  (which includes 9 361 071 treasury shares); and
- DRDGOLD's income tax reference number is 9160/013/60/4.

In compliance with the requirements of Strate, given the company's primary
listing on the JSE Limited, the salient dates for payment of the dividend
are as follows:

-   Last date to trade ordinary shares cum dividend: Friday 20 May 2016
-   Ordinary shares trade ex-dividend: Monday 23 May 2016
-   Record date: Friday 27 May 2016
-   Payment date: Monday 30 May 2016

On payment date, dividends due to holders of certificated securities on the
SA share register will either be electronically transferred to the
shareholders' bank accounts or, in the absence of suitable mandates,
dividend cheques will be posted to such shareholders.

Dividends in respect of dematerialised shareholdings will be credited to
shareholders' accounts with the relevant CSDP or broker.

To comply with the further requirements of Strate, between Monday
23 May 2016 and Friday 27 May 2016, both days inclusive, no transfers
between SA and any other share register will be permitted and no ordinary
shares pertaining to the SA share register may be dematerialised or
rematerialised.

The currency conversion date for the Australian and United Kingdom
registers will be Monday 30 May 2016.

To holders of American Depositary Shares (ADS):

-   Each ADS represents 10 ordinary shares:
-   ADSs trade ex-dividend on NYSE: Wednesday 25 May 2016
-   Record date: Friday 27 May 2016
-   Approximate date of currency conversion: Friday 3 June 2016
-   Approximate payment date of dividend: Monday 6 June 2016

Assuming an exchange rate of R14.50/$1, the dividend payable on an ADS is
equivalent to 22.3 US cents for shareholders liable to pay the dividend
tax. However, the actual rate of payment will depend on the exchange rate
on the date for currency conversion.

Niël Pretorius
Chief Executive Officer
29 April 2016

DIRECTORS (*British) (**American)

Executives: DJ Pretorius (Chief Executive Officer), AJ Davel (Chief
Financial Officer)

Independent non-executives: GC Campbell* (Non-Executive Chairman),
EA Jeneker, J Turk **, JA Holtzhausen

Company Secretary: R Masemene

Sponsor: One Capital

FOR FURTHER INFORMATION,
CONTACT NIËL PRETORIUS AT:

Tel: (+27) (0) 11 470 2600
Fax: (+27) (0) 11 470 2618
Website: http://www.drdgold.com

Off Crownwood Road, Crown Mines 2092
PO Box 390, Maraisburg, 1700, South Africa

Date: 29/04/2016 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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