Update regarding the disposal of the mineral interests and option granted of ERPM
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
JSE share code: DRD
NYSE trading symbol: DRD
(“DRDGOLD” or the “Company”)
UPDATE REGARDING THE DISPOSAL OF THE MINERAL INTERESTS AND OPTION GRANTED
TO DISPOSE OF THE RELATED MINING INFRASTRUCTURE OF EAST RAND
PROPRIETARY MINES LIMITED
DRDGOLD shareholders (“Shareholders”) are referred to the announcement published on SENS on
26 February 2019 (“Announcement”) in respect of the disposal of the mineral interests, comprising
the mining rights and prospecting right of East Rand Proprietary Mines Limited (“ERPM”) and the
granting of an option to OroTree Limited (“OroTree”) to acquire the Mining Infrastructure Assets (as
defined in the Announcement) to access the deep underground ounces of ERPM (the “Option”), as
one indivisible transaction.
In terms of the Option, OroTree, in its sole and absolute discretion, could exercise its option to acquire
the Mining Infrastructure Assets on or before 30 June 2019.
Shareholders are advised that OroTree has elected to not exercise the Option and, as such, the
balance of the purchase consideration in respect of the Mining Infrastructure Assets of
US$10.3 million, less the non-refundable fee of US$500 000.00 will not be paid to the Company.
26 June 2019
Date: 26/06/2019 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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