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”)
VOLUNTARY ANNOUNCEMENT: NOTIFICATION TO SHAREHOLDERS OF R&E REGARDING A CLASS ACTION
Shareholders of R&E are hereby advised that the Company has yesterday, 21 January 2013, been served with an application seeking the permission of the High Court to pursue a class action for damages against R&E, and 29 other respondents.
The application is brought by thirty applicants, comprising of current and former mineworkers who claim to have contracted silicosis alternatively by the dependants of mineworkers who died as a result of silicosis contracted on certain gold mines in South Africa, which are alleged to have been owned and/or controlled at various times by the respondents to the application.
R&E is cited as the twenty ninth respondent.
The Company is currently reviewing the application and obtaining legal advice on the appropriate course of action. Shareholders will be kept abreast of further developments.
22 January 2013