Exercise of the option by Sibanye-Stillwater DRDGOLD LIMITED (Incorporated in the Republic of South Africa) (Registration number 1895/000926/06) JSE share code: DRD ISIN: ZAE000058723 NYSE trading symbol: DRD (“DRDGOLD” or the “Company”) EXERCISE OF THE OPTION BY SIBANYE-STILLWATER DRDGOLD shareholders (“Shareholders”) are referred to the circular to Shareholders, dated 26 February 2018 (“Circular”) regarding the acquisition by DRDGOLD of selected surface processing plants and tailings assets from Sibanye Gold Limited, trading as Sibanye-Stillwater (“Sibanye- Stillwater”), (the “Transaction”). DRDGOLD is pleased to advise that, pursuant to the Transaction, on 8 January 2020, Sibanye- Stillwater exercised the option granted to it to subscribe for such number of new ordinary shares in the share capital of DRDGOLD (“Shares”) for cash as will result in Sibanye-Stillwater holding in aggregate 50.1% of all Shares in issue (including treasury shares) (“Option”). Accordingly, Sibanye-Stillwater will subscribe for 168 158 944 Shares (“Subscription Shares”) at an aggregate subscription price of R1 085 590 116, on 22 January 2020. The Subscription Shares will be allotted and issued at a price of R6.46 per Share, being a 10% discount to the 30-day volume weighted average traded price of a Share on the day immediately prior to the date of exercise of the Option. DRDGOLD’s CEO, Niël Pretorius, commented: “Sibanye-Stillwater has been our largest shareholder for just over 17 months now and its support has been invaluable in the success of our implementation of the first phase of development of Far West Gold Recoveries. This latest transaction marks the single largest investment that has ever been made by an individual shareholder in the capital of our company, and it bears testimony to a shared vision for the future of our enterprise. It will come in very handy in accelerating the further unlocking of value in DRDGOLD’s business and will go a long way to fund the early-stage development of Far West Gold Recoveries Phase 2.” Johannesburg 10 January 2020 Sponsor One Capital Date: 10-01-2020 09:00:00 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.