Share repurchase programme DRDGOLD LIMITED (Incorporated in the Republic of South Africa) (Registration number 1895/000926/06) JSE Share Code: DRD ISIN: ZAE000058723 NYSE trading symbol: DRD (“DRDGOLD” or “Company”) SHARE REPURCHASE PROGRAMME DRDGOLD shareholders (“Shareholders”) are advised that the Company has established a share repurchase programme in terms of which the Company and / or its subsidiaries may repurchase up to 5 million ordinary shares (“DRDGOLD Shares”), being 0.7% of the Company’s issued share capital, for an aggregate consideration not exceeding R14 million, pursuant to and in accordance with the authority granted by Shareholders at the Company’s annual general meeting held on Friday, 30 November 2018 (“Repurchase Programme”). The Repurchase Programme will commence on 22 May 2019 and will extend to and will terminate upon the expiry of the General Authority, being the date of the next annual general meeting of the Company or Friday, 28 February 2020, whichever is the earlier date. DRDGOLD Shares purchased in terms of the Repurchase Programme may not be made at a price greater than 10% above the volume weighted average trading price of DRDGOLD Shares over the five trading days immediately preceding any particular repurchase and will be effected through the order book operated by the JSE Limited, without any prior understanding or arrangement between the Company and / or its subsidiaries and the counterparties. The Repurchase Programme may be discontinued at any time and the Company and / or its subsidiaries have no obligation to repurchase any amount of DRDGOLD Shares under the Repurchase Programme. Johannesburg 22 May 2019 Sponsor One Capital Date: 22/05/2019 03:05:00 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.