CENTRAL RAND GOLD LIMITED - Issue And Allotment Of Ordinary Shares Following Partial Exercise Of Conversion Rights

Issue And Allotment Of Ordinary Shares Following Partial Exercise Of Conversion Rights

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”)


Issue and Allotment of Ordinary Shares following partial Exercise of Conversion Rights


The Company hereby announces that it has received notice of partial exercise in respect of the convertible
security previously entered into with Bergen Global Opportunity Fund, LP (“Bergen”) at a conversion price
of 0.8 pence, the details of which were announced to the market on 7 June 2016 pursuant to which
6,345,178 ordinary shares (the “Relevant Shares”) are to be issued. Application has therefore been made
for the Relevant Shares to be admitted to trading on AIM and to the JSE Limited with admission expected
to take place on 7 February 2017. The Relevant Shares will rank pari passu in all respects with all existing
ordinary shares in the Company.

Following admission of the Relevant Shares, the Company's enlarged issued share capital will comprise
215,032,206 ordinary shares with voting rights. This figure of 215,032,206 ordinary shares may be used by
shareholders in the Company as the denominator for the calculations by which they will determine if they
are required to notify their interest in, or a change in their interest in, the share capital of the Company
under the Disclosure Rules and Transparency Rules of the United Kingdom Listing Authority.

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
1 February 2017

The information communicated in this announcement is inside information for the purposes of Article 7
of Market Abuse Regulation 596/2014 ("MAR").

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