Randgold & Exploration Company Ltd · JSE:RNG

Randgold & Exploration — Shareholder Meeting (May 2010)

8 slides from Randgold & Exploration's shareholder meeting presentation, May 28, 2010

  1. Slide 1: Shareholders' Meeting, Sandton, 28 May 2010

    Shareholders’ Meeting Sandton 28 May 2010

  2. Slide 2: JCI Settlement

    JCI Settlement TOTAL DISTRIBUTION OF R12.90/SHARE Approx 6m Goldfields’ shares (R8.09/R&E share); Approx 1.55bn in new JCI shares (44%) (R4.05/R&E share); and Unbundling of current holding of 305m JCI shares (8.5% after issue above) (R0.75/R&E share). Assuming GFI market value at R100/share, and JCI

  3. Slide 3: Important dates

    Important dates 4 June 2010: JCI shareholders’ meeting. 25 June 2010: Last date of trade to participate. 5 July 2010: Distribution of GFI and JCI shares. ADR – R&E pleased to announce that GFI ordinary’s to be converted to ADR’s & to be distributed free of conversion and issuance fee. JCIs to be sol

  4. Slide 4: Re-listing

    Re-listing SA/JSE - Suspension lifted and will resume trading on JSE from the 4th of June 2010. US/ADR - US Counsel instructed to explore possibilities with US SEC for lifting of the ban on trading in the US in order to trade OTC in the US. Preliminary requirements met: Primary listing on another ex

  5. Slide 5: Pro Forma NAV as at 31 March 2010 including the settlement

    Pro Forma NAV as at 31 March 2010 including the settlement ZAR '000 Rand p/S Assets 1 497 195 20.85 Notes: Gold Fields 798 975 11.13 1. Unaudited & unreviewed JCI 366 224 5.10 2. Assume GFI share price of R100.00 & JCI Prospecting rights 474 0.01 management's NAV per share of R0.1968 Other assets 4

  6. Slide 6: Pro Forma NAV as at 31 March 2010 post the distribution

    Pro Forma NAV as at 31 March 2010 post the distribution ZAR '000 Rand p/S Assets 564 763 7.86 Notes: Gold Fields 218 082 3.04 1. Unaudited & unreviewed JCI 14 686 0.20 2. Assume GFI share price of R100.00 & JCI Prospecting rights 474 0.01 management's NAV per share of R0.1968 Other assets 4 563 0.06

  7. Slide 7: Free State Development & Investment Corporation Ltd (FSD)

    Free State Development & Investment Corporation Ltd (FSD) Resolution of shareholders required by JSE: R&E exercised security interest in FSD shares for JCIs default against repayment of loans; Increased R&Es interest in FSD prospecting rights from approx 55% to 85%.

  8. Slide 8: Thank you

    Thank you

Randgold & Exploration Company — Shareholder Meeting (May 2010) on 6ix