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”)
CLARIFICATION REGARDING RATIO OF GOLD FIELDS LIMITED SHARES TO BE DISTRIBUTED
1.Shareholders are referred to the circular ("the Circular") issued by the Company on 8 November 2010, as well as to the Company's SENS
announcement dated 12 October 2010 and its subsequent announcements relating to:
a distribution in specie of the R&E shareholding in Gold Fields
Limited ("Gold Fields"), comprising 2 270 687 ordinary shares in
Gold Fields, as a specific payment to R&E shareholders in terms of
section 90 of the Companies Act 61 of 1973, as amended; and
1.2 a special dividend of 90 cents per share to R&E shareholders.
2.With reference to the aforesaid distribution in specie, as detailed in the Circular and the abovementioned announcements, the Company confirms for purposes of clarification that R&E Shareholders will receive 3.16193 Gold Fields shares for every 100 ordinary shares held in R&E on the record date.
3.Shareholders are referred to the finalisation announcement on 10 December 2010 and to the salient dates and times section of the Circular and are reminded that trade in the ordinary shares of the Company commenced trading ex distribution in specie and ex special dividend today, 10 January 2011.
4.US shareholders are referred to the Company's website(www.randgoldexp.co.za), specifically the announcement published on 8 July 2010, for information regarding the US market.
10 January 2011