Media releases

DRDGOLD withdraws its complaint against ArcelorMittal South Africa Limited

14 September 2009

DRDGOLD withdraws its complaint against ArcelorMittal South Africa Limited DRDGOLD and Harmony Gold Mining Company Limited ("Harmony") announced today that they have withdrawn their excessive pricing complaint against ArcelorMittal South Africa Limited ("ArcelorMittal").

The complaint was initially lodged with the Competition Commission in 2002, with the substance of the complaint being that ArcelorMittal (or ISCOR as it was then known) abused its dominant position in the South African flat steel market by charging excessive prices, to the detriment of consumers, in contravention of section 8(a) of the Competition Act, 1998.

DRDGOLD and Harmony withdrew their complaint, which remained unresolved after several years of litigation, following the conclusion of a settlement agreement with ArcelorMittal. The terms of the settlement agreement are confidential and will not be made public. The settlement agreement reached will permit the gold miners to focus their energies and resources on their core businesses, and represents a satisfactory outcome to the matter for them.

Randburg
14 September 2009

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