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Wed 19 Mar 2003, 14:01 RANDGOLD AND EXPLORATION COMPANY LIMITED - DEALING
Randgold and Exploration Company Limited                                        
("Randgold & Exploration")                                                      
JSE Code: RNG                                                                   
ISIN: ZAE000008819                                                              
Registration number: 1992/005642/06                                             
DEALINGS IN SECURITIES BY DIRECTORS                                             
In terms of par 3.72 of the JSE listing rules, Mr RAR Kebble, Chairman of       
Randgold & Exploration exercised and purchased 35,000 (thirty five thousand)    
options in terms of the Randgold (1993) Share Option Scheme on 18 March 2003.   
The strike price of the options was R12.00 per share.  The shares are to be held
beneficially for Mr Kebble"s personal account.                                  
Mr D Ashworth exercised and sold 25,000 (twenty five thousand) Randgold &       
Exploration shares at R25.74 per share on 17 March 2003.  The sale of the shares
follows the exercise of 25,000 options in terms of the Randgold (1993) Share    
Option Scheme at a strike price of R12.50.                                      
19 March 2003                                                                   



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