DRDGOLD Limited - Cautionary Announcement
DRDGOLD Limited
(Formerly Durban Roodepoort Deep, Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
Share code: DRD
ISIN: ZAE000058723
ARB number: 086 277 616
(`DRDGOLD` or `the company`)
CAUTIONARY ANNOUNCEMENT
DRDGOLD is pleased to announce that it has entered into a memorandum of
understanding (`the MOU`) with Khumo Bathong Holdings (Proprietary) Limited
(`KBH`) in terms of which:
- DRDGOLD will indirectly acquire KBH`s debt and equity interests in Crown
Gold Recoveries (Proprietary) Limited and East Rand Proprietary Mines Limited;
- KBH will acquire 15% of DRDGOLD`s interest in all of its South African
operations; and
- DRDGOLD will grant an option to a KBH-led broad-based consortium to acquire
an additional 11% shareholding in all of its South African operations
(collectively, `the transactions`).
Dr MP Ncholo, Non-Executive Chairman of DRDGOLD, has an interest in KBH greater
than 35% and, as a result, in terms of the Listings Requirements of the JSE
Limited, the transactions will constitute small related party transactions.
EY Corporate Finance (Proprietary) Limited has been appointed to act as the
independent professional expert in relation to the transactions.
Full details of the transactions will be published in due course, including the
opinion of the independent professional expert referred to above. Shareholders
are therefore advised to exercise caution when dealing in the company`s
securities until such announcement is made.
Johannesburg
28 July 2005
Corporate Adviser
QuestCo
Sponsor
Standard Bank
Independent Expert
E & Y Corporate Finance
Date: 28/07/2005 07:30:04 AM
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