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" or "the Group")

SUMMARISED GROUP ANNUAL RESULTS FOR THE FINANCIAL YEAR ENDED

  • 31 DECEMBER 2021

  • 1. SALIENT FEATURES

    Operating loss decreased by 45.33% to R13.6 million, from R24.9 million in the prior corresponding period.

    Loss and headline loss per share improved by 49.26% to a loss of 12.69 cents per share, from a loss and headline loss per share of 25.01 cents per share in the prior corresponding period.

    Net asset value per share ("NAVPS") decreased by 8.23% to 145 cents per share, from 158 cents per share in the prior corresponding period.

  • 2. SHORT-FORM ANNOUNCEMENT

    This short-form announcement is the responsibility of the directors of the Company. It contains only a summary of the information in the full announcement ("Full Announcement") and does not contain full or complete details. The Full Announcement can be found at:

    https://senspdf.jse.co.za/documents/2022/JSE/ISSE/RNG/FY21.pdf

    Copies of the Full Announcement is also available for viewing on the Company's website

    athttps://www.randgoldexp.co.za/announcements-media/ or may be requested in person, at the Company's registered office or the office of the sponsor, at no charge, during office hours.

    Any investment decisions by investors and/or shareholders should be based on consideration of the Full Announcement, as a whole.

    These annual results for the year ended 31 December 2021 have been audited by the

    Company's auditors, KPMG Inc., who expressed an unmodified audit opinion thereon. The audit opinion also includes communication of key audit matters. The audit opinion is available, along with the annual financial statements (included within the annual report), and the summary financial results, on the Company's website at

    https://www.randgoldexp.co.za/announcements-media/ orhttps://www.randgoldexp.co.za/announcements-media/annual-reports/ respectively.

Johannesburg 29 March 2022

Sponsor

PSG Capital

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Randgold and Exploration Company Limited published this content on 29 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2022 13:58:02 UTC.