26 October 2021

Dealings in securities - acceptance of awards

Dealings in securities - acceptance of awards

DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
ISIN: ZAE000058723
JSE share code: DRD
NYSE trading symbol: DRD
(“DRDGOLD”)

DEALINGS IN SECURITIES - ACCEPTANCE OF AWARDS

On 2 December 2019, shareholders of DRDGOLD (“Shareholders”) approved an equity settled
long-term incentive scheme (“LTI Scheme”) to replace the cash settled long-term incentive scheme
established in November 2015. Under the LTI Scheme, qualifying employees are awarded conditional
shares on an annual basis, comprising performance shares (80% of the total conditional shares awarded)
and retention shares (20% of the total conditional shares awarded). Conditional shares vest 3 years after
grant date, subject to the rules of the LTI Scheme, including certain performance conditions being met,
and will be settled in the form of DRDGOLD ordinary shares (“DRDGOLD Shares”) at a zero-exercise
price.

DRDGOLD hereby advises Shareholders of the following acceptances of awards of conditional shares in
terms of the LTI Scheme (“Awards”) by directors, prescribed officers and the company secretary of
DRDGOLD:

Nature of transactions:                                Acceptance of Awards

Class of securities:                                   Conditional shares, comprising 80% performance
                                                       shares and 20% retention shares, which will be
                                                       settled in DRDGOLD Shares upon vesting, in
                                                       accordance with the rules of the LTI Scheme

Nature and extent of interest:                         Direct beneficial

Transactions completed on-market:                      No

Name of director:                                      Niël Pretorius
Date of acceptance of Award:                           26 October 2021
Number of conditional shares:                          549 986 (439 989 performance shares and 109 997
                                                       retention shares)
Vesting date:                                          20 October 2024
Strike price:                                          Rnil
Deemed value of transaction:                           R7 452 310.30 (based on the DRDGOLD Share
                                                       price on the grant date, being R13.55 on
                                                       20 October 2021)

The table below provides a summary of the participation by Mr Niël Pretorius in the LTI Scheme, following
the acceptance of abovementioned Award:

Grant date            Number of conditional shares   Deemed value        Vesting date
                      awarded                        (note 1)

2 December 2019       1 069 321 (855 457             R6 576 324.15       2 December 2021 and
                      performance shares and                             2 December 2022
                      213 864 retention shares)                          (note 2)

22 October 2020       332 497 (265 998               R6 460 416.71       22 October 2023
                      performance shares and
                      66 499 retention shares)

20 October 2021       549 986 (439 989               R7 452 310.30       20 October 2024
                      performance shares and
                      109 997 retention shares)

Notes:
1. Deemed value is based on the DRDGOLD Share price on the grant date, being R6.15 on 2 December 2019, R19.43 on
   22 October 2020 and R13.55 on 20 October 2021.
2. The LTI Scheme made provision for 50% of the Awards made in December 2019 to vest in 2021 (being 2 years after the grant
   date) and the remaining 50% to vest in December 2022 (being 3 years after the grant date).

Name of director:                                     Riaan Davel
Date of acceptance of Award:                          26 October 2021
Number of conditional shares:                         292 796 (234 237 performance shares and 58 559
                                                      retention shares)
Vesting date:                                         20 October 2024
Strike price:                                         Rnil
Deemed value of transaction:                          R3 967 385.80 (based on the DRDGOLD Share
                                                      price on the grant date, being R13.55 on
                                                      20 October 2021)

The table below provides a summary of the participation by Mr Riaan Davel in the LTI Scheme, following
the acceptance of abovementioned Award:

Grant date            Number of conditional shares   Deemed value       Vesting date
                      awarded                        (note 1)

2 December 2019       517 522 (414 018 performance   R3 182 760.30      2 December 2021 and
                      shares and 103 504 retention                      2 December 2022
                      shares)                                           (note 2)

22 October 2020       160 919 (128 735 performance   R3 126 656.17      22 October 2023
                      shares and 32 184 retention
                      shares)

20 October 2021       292 796 (234 237 performance   R3 967 385.80      20 October 2024
                      shares and 58 559 retention
                      shares)

Notes:
1. Deemed value is based on the DRDGOLD Share price on the grant date, being R6.15 on 2 December 2019, R19.43 on
   22 October 2020 and R13.55 on 20 October 2021.
2. The LTI Scheme made provision for 50% of the Awards made in December 2019 to vest in 2021 (being 2 years after the grant
   date) and the remaining 50% to vest in December 2022 (being 3 years after the grant date).

Name of prescribed officer:                           Jaco Schoeman
Date of acceptance of Award:                          26 October 2021
Number of conditional shares:                         292 796 (234 237 performance shares and 58 559
                                                      retention shares)
Vesting date:                                         20 October 2024
Strike price:                                         Rnil
Deemed value of transaction:                          R3 967 385.80 (based on the DRDGOLD Share
                                                      price on the grant date, being R13.55 on
                                                      20 October 2021)

The table below provides a summary of the participation by Mr Jaco Schoeman in the LTI Scheme, following
the acceptance of abovementioned Award:

Grant date            Number of conditional shares    Deemed value      Vesting date
                      awarded                         (note 1)

2 December 2019       517 522 (414 018 performance    R3 182 760.30     2 December 2021 and
                      shares and 103 504 retention                      2 December 2022
                      shares)                                           (note 2)

22 October 2020       160 919 (128 735 performance    R3 126 656.17     22 October 2023
                      shares and 32 184 retention
                      shares)

20 October 2021       292 796 (234 237 performance    R3 967 385.80     20 October 2024
                      shares and 58 559 retention
                      shares)

Notes:
1. Deemed value is based on the DRDGOLD Share price on the grant date, being R6.15 on 2 December 2019, R19.43 on
   22 October 2020 and R13.55 on 20 October 2021.
2. The LTI Scheme made provision for 50% of the Awards made in December 2019 to vest in 2021 (being 2 years after the grant
   date) and the remaining 50% to vest in December 2022 (being 3 years after the grant date).

Name of prescribed officer / company secretary:       Elise Beukes
Date of acceptance of Award:                          26 October 2021
Number of conditional shares:                         39 275 (31 420 performance shares and 7 855
                                                      retention shares)
Vesting date:                                         20 October 2024
Strike price:                                         Rnil
Deemed value of transaction:                          R532 176.25 (based on the DRDGOLD Share price
                                                      on    the    grant date,   being R13.55    on
                                                      20 October 2021)

The table below provides a summary of the participation by Ms Elise Beukes in the LTI Scheme, following
the acceptance of abovementioned Award:

Grant date            Number of conditional shares   Deemed value      Vesting date
                      awarded                        (note 1)

2 December 2019       76 362 (61 090                 R469 626.30       2 December 2021 and
                      performance shares and                           2 December 2022
                      15 272 retention shares)                         (note 2)

22 October 2020       23 744 (18 995                 R461 345.92       22 October 2023
                      performance shares and
                      4 749 retention shares)

20 October 2021       39 275 (31 420                 R532 176.25       20 October 2024
                      performance shares and
                      7 855 retention shares)

Notes:
1. Deemed value is based on the DRDGOLD Share price on the grant date, being R6.15 on 2 December 2019, R19.43 on
   22 October 2020 and R13.55 on 20 October 2021.
2. The LTI Scheme made provision for 50% of the Awards made in December 2019 to vest in 2021 (being 2 years after the grant
   date) and the remaining 50% to vest in December 2022 (being 3 years after the grant date).

In compliance with paragraph 3.66 of the JSE Limited Listings Requirements, prior clearance was
obtained from the chairman of the board of directors of DRDGOLD. The abovementioned transactions
were completed outside of a closed period.


Johannesburg
26 October 2021

Sponsor
One Capital

Date: 26-10-2021 03:00:00
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