Randgold & Exploration : Distribution of Notice of Annual General Meeting and Summarised Financial Statements

RANDGOLD & EXPLORATION COMPANY LIMITED

(Incorporated in the Republic of South Africa)

(Registration number: 1992/005642/06)

Share Code: RNG

ISIN: ZAE000008819

DISTRIBUTION OF NOTICE OF ANNUAL GENERAL MEETING AND SUMMARISED FINANCIAL STATEMENTS

Randgold & Exploration Company Limited ("the Company") hereby advises shareholders of the Company ("Shareholders") that the Company's Notice to Shareholders ("the Notice") regarding its annual general meeting ("Annual General Meeting"), incorporating the

summarised consolidated annual financial statements of the Company for the year ended 31

December 2021, was dispatched to Shareholders today, Tuesday, 29 March 2022.

The following documents will also be available on the Company's website, atwww.randgoldexp.co.zaas from today, 29 March 2022:

• 1. the Notice to Shareholders: Annual General Meeting; and

• 2. the Annual Report containing the audited consolidated annual financial statements of the

• Company for the year ended 31 December 2021.

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the annual general meeting of Shareholders ("AGM") will be conducted entirely by electronic communication at 11:00 on Friday, 27 May 2022, to transact the business as set out in the Notice of AGM

Kindly note the following salient details:

Johannesburg 29 March 2022

Sponsor

PSG Capital