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RANDGOLD & EXPLORATION COMPANY LIMITED - Trading Statement

Release Date: 07/08/2017 12:00
Code(s): RNG     PDF:  
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Trading Statement

Randgold & Exploration Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1992/005642/06)
Share code: RNG
ISIN: ZAE000008819
(“R&E” or “the Company”)

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited,
companies are required to publish a trading statement as soon
as they become reasonably certain that the financial results for
the period to be reported on next will differ by more than 20%
from those of the previous corresponding period.

Shareholders are hereby advised that a reasonable degree of
certainty exists that the Company expects to report a loss and
headline loss per share of between 14.70 cents per share and
15.56 cents per share for the six months ended 30 June 2017
compared to a loss and headline loss per share of 8.67 cents for
the six months ended 30 June 2016, being a decrease of between
69.51% and 79.51%.

The reason for the decrease in earnings and headline earnings
per share in the current reporting period is mainly a result of
the low level of recoveries during the current reporting period,
an increase in legal expenses and a decrease in interest
received. The net asset value decreased with 15 cents per share
from R2.23 at 31 December 2016 to R2.08 at 30 June 2017.

The information contained in this trading statement has not been
reviewed or reported on by the Company's external auditors. R&E
expects to release its financial results for the six months
ended 30 June 2017 on or about 10 August 2017.

Johannesburg

7 August 2017
Sponsor
PSG Capital

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