Changes To The Board And Board Committees RANDGOLD & EXPLORATION COMPANY LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1992/005642/06) Share Code: RNG ISIN: ZAE000008819 (“the Company” or “R&E”) CHANGES TO THE BOARD AND BOARD COMMITTEES In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, the board of directors of the Company (“the Board”) wishes to advise shareholders of the following changes to the Board and its committees with effect from 19 April 2021: - Mr David Chaim Kovarsky (“Mr Kovarsky”), the current chairperson of R&E, has resigned as an independent non-executive director of the Company and as a member of the relevant Board committees. - Mr Patrick Ernest Burton (“Mr Burton”), an independent non-executive director of R&E, has been appointed as interim chairperson, until such time that the Board appoints a permanent independent non-executive chairperson. The Board has commenced a process of identifying a suitable replacement and shareholders will be advised as soon as such appointment has been made. The Board would like to thank Mr Kovarsky for his valuable contribution to the Company and wishes him well in his future endeavours. Johannesburg 20 April 2021 Sponsor PSG Capital Date: 20-04-2021 03:00:00 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.