TR-1: Notification of Major Interest in Shares 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 2007/0192231/10) ISIN: GG00B92NXM24 LSE share code: CRND JSE share code: CRD (“Central Rand Gold”) TR-1: Notification of major interest in shares 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Central Rand Gold Limited 2. Reason for the notification: - An acquisition/disposal of voting rights 3. Full name of person(s) subject to the notification obligation: Winterflood Securities Limited 4. Full name of shareholder(s) (if different from above): N/A 5. Date of the transaction and date on which the threshold is crossed or reached: 31 March 2017 6. Date on which issuer notified: 3 April 2017 7. Threshold(s) that is/are crossed or reached: 12% 8. Notified details: A. VOTING RIGHTS ATTACHED TO SHARES Class/type of shares (if possible using the ISIN CODE): GG00B92NXM24 Situation previous to the triggering transaction - Number of Shares: 36 296 921 - Number of Voting Rights: 36 296 921 Resulting situation after the triggering transaction Number of shares - Direct: 33 560 543 Number of voting rights - Direct: 33 560 543 - Indirect: N/A % of voting rights - Direct: 11% - Indirect: N/A B. QUALIFYING FINANCIAL INSTRUMENTS Resulting situation after the triggering transaction Type of financial instrument: N/A Expiration date: N/A Exercise/Conversion Period: N/A Number of voting rights that may be acquired if the instrument is exercised/ converted: N/A % of voting rights: N/A C. FINANCIAL INSTRUMENTS WITH SIMILAR ECONOMIC EFFECT TO QUALIFYING FINANCIAL INSTRUMENTS Resulting situation after the triggering transaction Type of financial instrument: N/A Exercise price: N/A Expiration date: N/A Exercise/Conversion period: N/A Number of voting rights instrument refers to: N/A % of voting rights: - Nominal: N/A - Delta: N/A TOTAL (A+B+C): - Number of voting rights: 33 560 543 - Percentage of voting rights: 11% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Proxy Voting: 10. Name of the proxy holder: N/A 11. Number of voting rights proxy holder will cease to hold: N/A 12. Date on which proxy holder will cease to hold voting rights: N/A 13. Additional information: N/A 14. Contact name: Daniel Demirel 15. Contact telephone number: 020 3100 0000 Johannesburg 3 April 2017 JSE Sponsor Merchantec Capital Date: 03/04/2017 02:00:00 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.