DRDGold Limited - Further 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")
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcement dated 28 July 2005, shareholders are
advised that developments with respect to a Black Economic Empowerment
transaction with Khumo Bathong Holdings (Proprietary) Limited are still
progressing and may have a material effect on the price of the company"s
securities.
In addition, shareholders are advised that the company has entered into
discussions with several parties regarding the company"s offshore assets. These
discussions may result in a transaction that may have a material effect on the
price of the company"s securities.
The company is also considering a range of proposals, which would result in the
consolidation of its Australasian assets. One of these proposals is the
possible consolidation of its interests in the Porgera Joint Venture and the
Tolukuma gold mine, both located in Papua New Guinea, into Emperor Mines Limited
("Emperor"), a gold mining company listed on the Australian Stock Exchange,
which owns and operates the Vatukoula gold mine in Fiji. Emperor is 45.33%
owned by the company.
At this stage, a proposal to vend assets into Emperor has been made and is being
considered by the independent board members of Emperor. There is no guarantee
that this or any other proposal being considered by the company will proceed.
Any proposal affecting the company"s Australasian assets will also be subject to
a range of regulatory approvals and consents. If an agreement is reached, the
company will announce the details of the proposal in accordance with its
statutory disclosure obligations.
Accordingly, shareholders are advised to continue to exercise caution when
dealing in the company"s securities until full announcements have been made.
Johannesburg
29 September 2005
Sponsor
Standard Bank
Date: 29/09/2005 05:22:14 PM Produced by the JSE SENS Department
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