Media releases

ERPM Section 189A consultation process concludes

20 January 2009

Johannesburg, South Africa, 20 January 2009. DRDGOLD Limited (JSE: DRD; NASDAQ: DROO). Consultations in terms of Section 189A of the Labour Relations Act regarding the future of employees affected by the placing on care and maintenance of the underground operations of the Boksburg-based ERPM mine of DRDGOLD South African Operations (Pty) Limited (DRDGOLD SA) have been concluded.

Of the 1 700 affected employees:

  • 109 accepted the company’s voluntary retrenchment offer;
  • 101 have been transferred to DRDGOLD SA’s Blyvooruitzicht mine and five to the ERGO Joint Venture with the Mintails group;
  • 150 have been retained at the ERPM mine to provide care and maintenance services; and
  • the remaining 1 335 will be retrenched.

The retrenchment package to be paid to employees has been agreed with representative unions.

The company is working closely with the unions to identify and implement re-skilling programmes. Also, where possible, it has engaged other mining companies which have expressed an interest in recruiting employees and has established lines of communication between them and the unions.

Queries:

South Africa

James Duncan, Russell & Associates
+27 11 880 3924 (office)
+27 82 892 8052 (mobile)

North America
Investor and Media Relations

Barbara Cano, Breakstone Group International
+1 646 452 2334 (office)

United Kingdom/Europe
Investor and Media Relations

Phil Dexter, St James's Corporate Services
+44 20 7499 3916 (office)
+44 779 863 4398 (mobile)

Disclaimer:

Many factors could cause the actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, adverse changes or uncertainties in general economic conditions in the markets we serve, a drop in the gold price, a continuing strengthening of the rand against the dollar, regulatory developments adverse to DRDGOLD or difficulties in maintaining necessary licences or other governmental approvals, changes in DRDGOLD's competitive position, changes in business strategy, any major disruption in production at key facilities or adverse changes in foreign exchange rates and various other factors.

These risks include, without limitation, those described in the section entitled "Risk Factors" included in our annual report for the fiscal year ended 30 June 2008, which we filed with the United States Securities and Exchange Commission on 12 December 2008 on Form 20-F. You should not place undue reliance on these forward-looking statements, which speak only as of the date thereof. We do not undertake any obligation to publicly update or revise these forward-looking statements to reflect events or circumstances after the date of this report or to the occurrence of unanticipated events.