Randgold & Exploration Company Limited announced that Mr. Patrick Ernest Burton ("Mr Burton") the current chairperson of the Company, has stepped down as chairperson of the Company, but will remain on the Board as an independent non-execuitve director and as a member of the relevant Committees. Mr. Roderick John Fehrsen ("Mr Fehrsen") an independent non-executive director of the Company,has been appointed as chairperson of the Board and chairperson of various Committees. Audit and Risk committee ("AuditCom") Mr. Burton has been appointed as the chairperson of the AuditCom, replacing Mr. Fehrsen.

The current membership of the AuditCom is as follows: - Mr. Burton (chairperson) - Mr. Fehrsen - Mr. Tembani Samuel Dube ("Mr Dube") Remuneration committee ("RemCom") Mr. Fehrsen has been appointed as the chairperson of the RemCom, replacing Mr. Burton. The current membership of the RemCom is as follows: - Mr. Fehrsen (chairperson) - Mr. Burton - Mr. Kesler - Mr. Dube Nomination committee ("NomCom") Mr. Fehrsen has been appointed as the chairperson of the NomCom, replacing Mr. Burton. The current membership of the NomCom is as follows: - Mr. Fehrsen (chairperson) - Mr. Burton - Mr. Kesler - Mr. Dube - Mr. Marais Steyn ("Mr Steyn") - Mr. Hilton Gishen ("Mr Gishen").

Social and Ethics committee ("SEC") Mr. Fehrsen has been appointed as the chairperson of the SEC, replacing Mr. Burton. The current membership of the SEC is as follows: - Mr. Fehrsen (chairperson) - Mr. Burton - Mr. Kesler - Mr. Dube - Mr. Steyn - Mr. Gishen.