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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”)

 

TRADING STATEMENT

In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited, companies are required to inform shareholders as soon as there is reasonable degree of certainty that the earnings of the company are likely to vary by more than 20% compared to the previous corresponding period.

The Board of Directors therefore wishes to advise shareholders that the Company expects to report basic earnings per share attributable to ordinary shareholders for the six months ended 30 June 2011 of between 69 cents and 85 cents, compared to basic earnings per share of 1 103 cents for the six months ended 30 June 2010. 

Headline loss per share attributable to ordinary shareholders for the six months ended 30 June 2011 is expected to be between 2 cents and 18 cents per share, compared to headline earnings per share of 1 122 cents for the six months ended 30 June 2010.
Shareholders are reminded that the results for the comparable period in 2010 included the settlement with JCI Limited and a litigation settlement, which together contributed 1 126 cents to earnings per share and headline earnings per share.

The difference between earnings per share and headline loss per share in the current interim period is a result of the exclusion of certain re-measurement items when calculating the headline loss per share (in accordance with IFRS).  

The financial information included in this trading statement has not been reviewed and reported on by the Company`s external auditors.

 

Johannesburg
12 July 2011

Sponsor:  PSG Capital (Proprietary) Limited