randgold & exploration co (RNG) Snapshot

Randgold & Exploration Company Limited announced that Mr. Patrick Burton has been appointed as independent non-executive director and as member of the audit and risk committee, with effect from 23 May 2013. His experience as a director includes executive and non-executive positions in fishing, telecommunications, media and entertainment, technology and financial services. Mr. Burton is a member of the audit committees of PSG Group Ltd, Johnnic Holdings Ltd. and Siphumelele Investments Ltd.

Randgold & Exploration Company Limited reported audited consolidated earnings results for the year ended December 31, 2012. For the year, the company reported revenue of ZAR 29,000 against ZAR 1,826,000 a year ago. Results from operating activities were ZAR 4,303,000 against ZAR 37,870,000 a year ago. Profit before taxation was ZAR 6,852,000 against ZAR 46,702,000 a year ago. Profit attributable to owners of the company was ZAR 6,852,000 against ZAR 47,651,000 a year ago. Basic and diluted earnings per share were 10 cents against 66 cents a year ago. Negative cash flows from operating activities were ZAR 800,000 against ZAR 27,002,000 a year ago.

The board of directors of Randgold & Exploration Company Limited hereby notified its shareholders of the resignation of Mr. DC Kovarsky as the chairman of the audit committee. Mr. DC Kovarsky will remain a member of the audit committee. Shareholders are further advised that Mr. JH Scholes has been appointed as the chairman of the audit committee.