Press Release
Randgold & Exploration Company limited
Share Code: RNG
ISIN Code : ZAE000008819
Johannesburg, 10 October - Randgold & Exploration has settled its R394.8
million convertible bond following the receipt of its share of the proceeds
of the recently completed share buyback by subsidiary Randgold Resources.
The bond was originally raised to support the establishment of Randgold
Resources.
The company said today the realisation of US$7 per share in the Randgold
Resources buyback had had a positive impact on its deemed net asset value
per share. As the buyback was a compulsory one, its shareholding in
Randgold Resources has not been diluted and it still owns 60% of the London-
listed gold mining and exploration business.
Chairman Roger Kebble also said Randgold had retained ABSA Corporate and
Merchant Bank to advise the company about its proposed corporate
restructuring.
Issued on behalf of Randgold & Exploration by du Plessis Associates.
dPA contact Kathy du Plessis on e-mail randgold@dpapr.com,
Tel: 27(11) 728 4701 or cell: (0)83 266 5847.
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