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”)
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 comparable period.
Shareholders are hereby advised that a reasonable degree of certainty exists that earnings per share of R&E for the six month period ended 30 June 2010 will be between 1050 and 1105 cents per share greater than the comparative unaudited earnings per share of 1 cent per share for the six months ended 30 June 2009.
Furthermore shareholders are advised that the headline earnings per share for the six months ended 30 June 2010 will exceed the unaudited headline earnings per share of 1 cent per share for the prior corresponding period, being the six months ended 30 June 2009, by between 1068 and 1124 cents per share.
Key elements of the increased revenue relate to the receipts of settlement Gold Fields shares and JCI Limited ("JCI") shares from JCI in terms of the settlement concluded between R&E, JCI and JCI Investment Finance (Pty) Limited, as well as the litigation settlement agreement.
The financial information on which this trading statement is based has not yet been reviewed and reported on by KPMG, the company`s auditors. The results for the interim reporting period ending on 30 June 2010 are expected to be published on or about 1 August 2010.
By order of the Board.
21 July 2010
PSG Capital (Pty) Limited