Drdgold Limited - Class Action Lawsuit
DRDGOLD Limited
(Formerly Durban Roodepoort Deep, Limited)(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
Share code: DRD
ISIN: ZAE000058723ARBN: 086 277 616
NASDAQ trading symbol: DROOY
(`DRDGOLD` or `the company`)
CLASS ACTION LAWSUITDRDGOLD today announced that a class action lawsuit was commenced against the
company, its Chief Executive Officer, Mark Wellesley-Wood, and Chief Financial
Officer, Ian Louis Murray. The lawsuit was filed on 13 June 2005 and is pending
in the United States District Court for the Southern District of New York onbehalf of a putative class of purchasers of DRDGOLD Limited securities. The
lawsuit alleges that the company made certain false and misleading statements
between 23 October 2003 and 24 February 2005 in violation of provisions of the
United States securities laws. Two similar suits have also reportedly beenfiled.
DRDGOLD and its officers have not been served with legal process for the
lawsuits but expect to be served in the future. The company is in the process of
selecting and engaging legal counsel to defend against the suits. DRDGOLD, MrWellesley-Wood and Mr Murray deny the claims that have reportedly been made in
the lawsuits, believe the suits to be entirely without merit and intend
vigorously to defend against the allegations of the lawsuits.
DRDGOLD anticipates that the three class action lawsuits, and any other similarlawsuits, will be consolidated and proceed as a single litigation. Accordingly,
DRDGOLD does not intend separately to announce the filing of any other such
lawsuits.
Johannesburg24 June 2005Date: 24/06/2005 01:56:19 PM Produced by the JSE SENS Department
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