Summarised Group Annual Results for the Financial Year Ended 31 December 2019 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” or “the Group”) SUMMARISED GROUP ANNUAL RESULTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 1. SALIENT FEATURES Operating loss increased by 312% to R35.5 million, from R8.6 million in the prior corresponding period. Headline earnings per share (“HEPS”) decreased by 793% to a loss of 33.41 cents per share, from earnings of 4.82 cents per share in the prior corresponding period. Earnings per share (“EPS”) decreased by 793% to a loss of 33.41 cents per share, from earnings of 4.82 cents per share in the prior corresponding period. Net asset value per share (“NAVPS”) decreased by 16% to 184 cents per share, from 219 cents per share in the prior corresponding period. 2. SHORT-FORM ANNOUNCEMENT This short-form announcement is the responsibility of the directors of the Company. It contains only a summary of the information in the full announcement (“Full Announcement”) and does not contain full or complete details. The Full Announcement can be found at: https://senspdf.jse.co.za/documents/2020/JSE/ISSE/RNG/FY19.pdf Copies of the Full Announcement is also available for viewing on the Company’s website at https://www.randgoldexp.co.za/announcements-media/annual-reports/ or may be requested in person, at the Company’s registered office or the office of the sponsor, at no charge, during office hours. Any investment decisions by investors and/or shareholders should be based on consideration of the Full Announcement, as a whole. These annual results for the year ended 31 December 2019 have been audited by the Company’s auditors, KPMG Inc., who expressed an unmodified audit opinion thereon. The audit opinion also includes communication of key audit matters. The audit opinion is available, along with the annual financial statements, and the summary financial results, on the Company’s website at https://www.randgoldexp.co.za/announcements- media/annual-reports/. 23 March 2020 Sponsor PSG Capital Date: 23-03-2020 05:00:00 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.