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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”)

 

RNG - Randgold & Exploration Company Limited - Trading Statement

 

In terms of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the
financial period to be reported on next will vary by 20% or more from those of the previous corresponding period.

Shareholders are hereby advised that a reasonable degree of certainty exists that the earnings per share of R&E for the financial year ended 31 December 2011 will be between 56 and 76 cents per share, compared to the audited earnings per share of 1032 cents per share for the previous financial year ended 31 December 2010. Shareholders should however take note that included in the earnings per share for the financial year ended 31 December 2010 was the JCI settlement which amounted to 1091 cents per share, without which the loss per share for the financial year ended 31 December 2010 would have amounted to 59 cents per share.

Furthermore, a reasonable degree of certainty exists that the headline loss per share for the financial year ended 31 December 2011 will be between 11 and 31 cents per share, compared to the audited headline earnings per share of 1051 cents per share for the previous financial year ended 31 December 2010. As detailed above, included in the headline earnings per share for the financial year ended 31 December 2010 was the JCI settlement of 1091 cents per share, without which the headline loss per share for the financial year ended 31 December 2010 would have amounted to 40 cents per share.

The earnings per share and headline earnings per share for the financial year ended 31 December 2011 is therefore in line with management's expectations. The financial information on which this trading statement is based has not yet been reviewed and reported on by the Company's auditors. The results for the financial year ended 31 December 2011 are expected to be published in due course.

Johannesburg
17 February 2012
Sponsor
PSG Capital