Appointment of Brandon Hill Capital Limited as Broker 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 2007/019223/10) ISIN: GG00B92NXM24 LSE share code: CRND JSE share code: CRD (“Central Rand Gold” or the “Company”) Appointment of Brandon Hill Capital Limited as Broker Shareholders are advised that in accordance with rule 35 of the AIM Rules for Companies, the Company is pleased to announce the appointment, with immediate effect, of Brandon Hill Capital Limited (“Brandon Hill”) as its broker. Simon Charles, non-executive chairman of Central Rand Gold, had the following to say in respect of the appointment, “We are extremely pleased to have Brandon Hill on board. The Company will be focusing its efforts on optimising both its operations and its capital base for the benefit of shareholders. The addition of Brandon Hill to the advisory team is a further step in the right direction for the Company, and as a result I hope to report positive progress in due course.” For further information, please contact: Central Rand Gold +27(0) 87 310 4400 Lola Trollip ZAI Corporate Finance Limited – Nominated Adviser +44 (0) 20 7060 2220 John Treacy / Jamie Spotswood Brandon Hill Capital Limited – Broker +44 (0)20 3463 5000 Jonathan Evans / Wei Jiao Merchantec Capital – JSE Sponsor +27 (0) 11 325 6363 Monique Martinez / Marcel Goncalves Johannesburg 23 January 2017 Sponsor Merchantec Capital The information communicated in this announcement is inside information for the purposes of Article 7 of Market Abuse Regulation 596/2014 ("MAR"). Date: 23/01/2017 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.