DRD
DRDD
DRD - DRDGOLD - Clarification - Emperor Mines Ltd restructure plan
DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
ARB number 086 277 616
JSE trading symbol: DRD
ISIN Code: ZAE000058723
Issuer code: DUSM
Nasdaq trading symbol: DROOY
("DRDGOLD")
CLARIFICATION - EMPEROR MINES LTD RESTRUCTURE PLAN
Following reports in the Australian media today, the Board of Directors of
Emperor Mines Limited ("Emperor" or the "Company") wish to clarify that no
formal decision has been made in respect of the potential restructure
options that the Company is considering.
As announced on February 1 this year, Emperor is pursuing a restructure in
order to retire debt and to ensure the full potential value of Company
assets can be achieved.
The decision to explore restructuring options followed a strategic review,
which examined potential reconfigurations of mine and exploration assets at
a range of production levels, together with the attendant funding options.
The review concluded that the Company should consider either the divestment
of key assets or seek a suitable merger partner in order to grow the value
of the Company`s asset base.
Emperor is now pursuing these re-structuring options and, as previously
stated, has appointed Rothschild Australia Limited to assist it in this
process. No decision has been taken as yet to pursue any particular option,
as the Company is still evaluating the best route forward.
This process has the full support of major credit providers Australia and
New Zealand Banking Group Limited and DRDGOLD.
FURTHER INFORMATION:
Brad Gordon
Chief Executive Officer
Emperor Mines Limited
AUS +617 3007 8000
Patrick Bindon
Director - Corporate Communications
Emperor Mines Limited
AUS +617 3007 8000
David Wood
Rothschild
MOB +61 413 922 738
AUS +61 2 9323 2360
Johannesburg
6 March 2007
Date: 06/03/2007 13:10:00 Produced by the JSE SENS Department.
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