Loan Agreement and Board Changes 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 JSE share code: CRD ("Central Rand Gold" or “the Company") Loan Agreement and Board Changes Shareholders are referred to the announcement released on SENS on 16 January 2018 wherein shareholders were advised that Central Rand Gold had entered into a new loan agreement with Mr Jia Bang Wang for funding in the amount of US$300,000 (“Loan”) and notified of certain changes to the board of directors the of Company. Shareholders are hereby provided with an update thereto. Loan Agreement Shareholders are advised that the Company has received the first tranche of the Loan in the amount of £46,650. Board Changes The Board hereby confirms the following effective dates in terms of the changes to the Board announced on SENS on 16 January 2018: - The appointments of Mr Li Pin Wang and Mr Weifan (“William”) Zhuang as Non-executive director and Executive director respectively are effective from 16 January 2018. - The resignations of Mr Simon Charles (Non-executive director), Mr James Normand (Non-executive director) and Mr John Treacy (Non-executive director) are effective from 26 January 2018. In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, shareholders are further advised that Mr Li Pin Wang has been appointed as the Chairman of the Company with effect from 26 January 2018. For further information, please contact: Central Rand Gold +27(0) 87 310 4400 Mr William Zhuang Merchantec Capital - JSE Sponsor +27 (0) 11 325 6363 Monique Martinez / Marcel Goncalves 29 January 2018 Date: 29/01/2018 01:45:00 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.