Operating update for the quarter ended 30 September 2018 DRDGOLD LIMITED (Incorporated in the Republic of South Africa) (Registration number 1895/000926/06) ISIN: ZAE000058723 JSE share code: DRD NYSE trading symbol: DRD (“DRDGOLD” or the “Company”) OPERATING UPDATE FOR THE QUARTER ENDED 30 SEPTEMBER 2018 DRDGOLD Shareholders (“Shareholders”) are referred to the announcement published on SENS on 1 August 2018, wherein Shareholders were advised of the implementation of the acquisition of Far West Gold Recoveries assets from Sibanye Gold Limited, trading as Sibanye-Stillwater, (“Sibanye-Stillwater”), effective 31 July 2018 (the “Transaction”). Following the implementation of the Transaction, Sibanye-Stillwater holds 38.05% of DRDGOLD ordinary shares in issue and consequently reports on its interest in DRDGOLD with effect from 31 July 2018. In the circumstances, and considering that Sibanye-Stillwater provides operating updates to the market on a quarterly basis, DRDGOLD will similarly provide quarterly operating updates with effect from the quarter ended 30 September 2018. The operating update of the Company for the quarter ended 30 September 2018 is as follows: Quarter ended 30 September 2018 Production Gold produced kg 1 169 oz 37 572 Gold sold kg 1 118 oz 35 944 Ore milled Metric (000't) 6 249 Yield Metric (g/t) 0.187 Price and costs Gold price received R per kg 545 867 US$ per oz 1 208 Adjusted EBITDA* Rm 12.8 US$m 0.9 Cash operating costs R/t 94 US$/t 7 Cash operating costs R per kg 509 979 US$ per oz 1 129 All-in sustaining costs** R per kg 541 541 US$ per oz 1 199 All-in costs** R per kg 658 180 US$ per oz 1 457 Quarter ended 30 September 2018 Capital expenditure Sustaining Rm 3.8 US$m 0.3 Non-sustaining/growth Rm 117.6 US$m 8.4 Average R/US$ exchange rate 14.05 *The adjusted earnings before interest, taxes, depreciation and amortisation (“EBITDA”) is based on the definitions in DRDGOLD’s revolving credit facility agreements. Adjusted EBITDA is not an IFRS measure and is provided for illustrative purposes only and because of its nature, it may not fairly present the Company’s results of operations. **All-in cost definitions based on the guidance note on non-GAAP Metrics issued by the World Gold Council on 27 June 2013. Gold production of 1 169 kilograms or 37 572 ounces was achieved for the quarter, tracking the guidance previously provided of between 148 000 and 154 000 ounces for the 2019 financial year. Cash operating costs per ton increased by 7% from R88/t for the 2018 financial year (“FY2018”), with increases also reflected in cash operating costs per kilogram and all-in sustaining costs per kilogram. All-in costs per kilogram include growth capital of just under R115 million relating to Far West Gold Recoveries. The information contained in this announcement does not constitute an earnings forecast. The financial information provided is the responsibility of the directors of DRDGOLD, and such information has been neither reviewed nor reported on by DRDGOLD’s external auditors. The full reporting suite for FY2018 is available on the Company’s website at http://www.drdgold.com/investors-and-media/annual-reports/2018 Johannesburg 31 October 2018 Sponsor One Capital Date: 31/10/2018 09:10:00 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.