Iprop Dispute Update 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”) Iprop Dispute Update iProp Dispute Update Shareholders are referred to the announcements dated 17 May 2017 and 22 May 2017 (and using the terms defined therein unless otherwise stated) pertaining to, inter alia, the iProp Dispute, and are hereby advised that iProp has subsequently withdrawn the application, and each company will bear their own legal costs. The Company’s cash position remains challenging, and the directors of the Company (“Directors”) continue to make every effort to secure financing solutions. The Directors are considering a number of solutions, which may include the sale of the Company’s operating assets. The Company’s shares will remain suspended for the time being pending further developments. For further information, please contact: Central Rand Gold +27 (0) 87 310 4400 Lola Trollip ZAI Corporate Finance Ltd - Nominated Adviser & Broker +44 (0) 20 7060 2220 John Treacy 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 5 June 2017 The information communicated in this announcement is inside information for the purposes of Article 7 of Market Abuse Regulation 596/2014 ("MAR"). Date: 05/06/2017 03:15:00 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.