Trading Statement Randgold & Exploration Company Limited (Incorporated in the Republic of South Africa) (Registration number 1992/005642/06) Share code: RNG ISIN: ZAE000008819 (“R&E” or “the Company”) TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by more than 20% from those of the previous corresponding period. Shareholders are hereby advised that a reasonable degree of certainty exists that the Company expects to report: • a loss per share of between 8.6 cents per share and 11.0 cents per share, being a decrease in the loss per share of between 8.3% and 28.3% for the year ended 31 December 2017, compared to a loss per share of 12.12 cents for the year ended 31 December 2016; and • a headline loss per share of between 21.3 cents per share and 23.8 cents per share, being an increase in the loss per share of between 77.5% and 98.3% for the year ended 31 December 2017, compared to a headline loss per share of 12.12 cents for the year ended 31 December 2016. The reason for the decrease in headline earnings per share in the current reporting period is mainly a result of profit on disposal of prospecting rights being excluded from the headline earnings calculation. The net asset value decreased with 10 cents per share from R2.23 at 31 December 2016 to R2.13 at 31 December 2017. The information contained in this trading statement has not been reviewed or reported on by the Company's external auditors. R&E expects to release its financial results for the year ended 31 December 2017 on or about 26 March 2018. Johannesburg 8 March 2018 Sponsor PSG Capital Date: 08/03/2018 02:05:00 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.
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