Voluntary Announcement: Randgold And Charles Orbach Reach A Settlement And Withdrawal Of Cautionary Announcement 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”) VOLUNTARY ANNOUNCEMENT: RANDGOLD AND CHARLES ORBACH REACH A SETTLEMENT Shareholders are hereby advised that the Company and Charles Orbach and Company (“Charles Orbach”), a former auditor of R&E, have reached a settlement in respect of the High Court action which the Company brought against Charles Orbach in 2008 (“the action”). R&E expects payment of the full settlement amount of R21 750 000.00 (twenty one million seven hundred and fifty thousand Rand) within 14 days in accordance with the settlement agreement. The effect of the settlement is that against payment of the settlement amount, R&E and Charles Orbach shall have no further claims against each other. R&E shall deliver a notice of withdrawal of the action thereafter. WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the Company’s cautionary announcement released on SENS on 25 October 2018, which are hereby withdrawn, and shareholders are no longer required to exercise caution when dealing in the Company’s securities. 5 November 2018 Johannesburg Sponsor PSG Capital Date: 05/11/2018 04:00:00 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.
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