Share code : DUR
ISIN : ZAE000015079.
Durban Roodeport Deep Limited
NEWS RELEASE
14 December 2001
FOR IMMEDIATE RELEASE
DRD REPAYS WESTERN AREAS ADVANCE
Durban Roodeport Deep, Limited (DRD) announced today (14 December 2001) that
it has repaid in full - including interest to date - the Western Areas
Limited advance amounting to R149 375 483.11 it received on 21 February
2000.
DRD exercised its options in respect of 16 128 500 shares in CAM, 6 268 100
shares in JCI and 7 187 700 shares in Randgold and Exploration Company
Limited, which were offset against the amount due to Western Areas Limited.
DRD has therefore discharged all of its obligations under the original
agreement and will realise a profit of approximately R17 million on the
transaction.
DRD Chairman and CEO Mark Wellesley-Wood said: "The elimination of these
positions marks the end of an era. These shares were non-core and non-
strategic to the company, and we are pleased that we could finally reach a
settlement with Western Areas that has resulted in a profit for our
shareholders."
Queries: Mark Wellesley-Wood
Durban Roodepoort Deep
+27 11 381 7800 (office)
+27 82 415 8998 (mobile)
Ian Murray
Durban Roodepoort Deep
+27 11 381 7800 (office)
+27 82 441 4090 (mobile)
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