7 December 2021

Dealings in securities

Dealings in securities

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

Shareholders of DRDGOLD (“Shareholders”) are advised that in terms of the equity settled long-term incentive scheme
(“LTI Scheme”), as approved by Shareholders on 2 December 2019, 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) (“Awards”).

Awards vest 3 years after grant date (“Vesting Period”), subject to the rules of the LTI Scheme, including certain
performance conditions being met. Notwithstanding the Vesting Period, the LTI Scheme made provision for 50% of the
Awards made in December 2019 (“2019 Awards”) to vest in December 2021 (being 2 years after the grant date) and
the remaining 50% to vest in December 2022 (being 3 years after the grant date), subject to the rules of the LTI Scheme.
Vested Awards are settled in the form of DRDGOLD ordinary shares (“DRDGOLD Shares”) at a zero-exercise price.

DRDGOLD hereby advises Shareholders that the 2019 Awards to directors, prescribed officers and the company
secretary of DRDGOLD and its major subsidiaries have partially vested and certain directors, prescribed officers and
the company secretary of DRDGOLD and its major subsidiaries have sold all or a portion of the DRDGOLD Shares
received pursuant to such vesting, as further detailed below:

Nature of transactions and class of securities:     Off-market vesting of 50% of the 2019 Awards on
                                                    2 December 2021 (“Vesting”) and the subsequent on-market
                                                    sale of DRDGOLD Shares received pursuant to the Vesting
                                                    (“Sale”)
Nature and extent of interests:                     Direct beneficial

Dates and pricing applicable to the Sales:

                        Date of Sale                Volume weighted       Highest trading        lowest trading
                                                    average price per     price per              price per
                                                    DRDGOLD Share         DRDGOLD Share          DRDGOLD Share
Transaction 1           2 December 2021             R14.02980             R14.30                 R14.00
Transaction 2           3 December 2021             R14.01732             R14.06                 R14.00


Name of director of DRDGOLD:                        Niël Pretorius

Vesting
Number of conditional shares subject to Vesting:    534 661 (427 729 performance shares and 106 932 retention
                                                    shares)
Deemed value of vested conditional shares:          R7 886 249.75 (note 1)

Sales
Transaction 1:
- Number of DRDGOLD Shares:                         14 909
- Total value of transaction:                       R209 170.29

Transaction 2:
- Number of DRDGOLD Shares:                         90 091
- Total value of transaction:                       R1 262 834.38

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

Grant date              Number of conditional          Deemed value      Vesting date
                        shares awarded which           (note 2)
                        remain subject to vesting
2 December 2019         534 661 (427 729               R3 288 165.15     2 December 2022 (note 3)
                        performance shares and
                        106 932 retention shares)
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)

Name of director of DRDGOLD:                        Riaan Davel

Vesting
Number of conditional shares subject to Vesting:    258 761 (207 009 performance shares and 51 752 retention
                                                    shares)
Deemed value of vested conditional shares:          R3 816 724.75 (note 1)

Sales
Transaction 1:
- Number of DRDGOLD Shares:                         17 085
- Total value of transaction:                       R239 699.13

Transaction 2:
- Number of DRDGOLD Shares:                         103 238
- Total value of transaction:                       R1 447 120.08

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

Grant date              Number of conditional          Deemed value      Vesting date
                        shares awarded which           (note 2)
                        remain subject to vesting
2 December 2019         258 761 (207 009               R1 591 380.15     2 December 2022 (note 3)
                        performance shares and
                        51 752 retention shares)
22 October 2020         160 919 (128 735               R3 126 656.17     22 October 2023
                        performance shares and
                        32 184 retention shares)
20 October 2021         292 796 (234 237               R3 967 385.80     20 October 2024
                        performance shares and
                        58 559 retention shares)

Name of prescribed officer of DRDGOLD:              Jaco Schoeman

Vesting
Number of conditional shares subject to Vesting:    258 761 (207 009 performance shares and 51 752 retention
                                                    shares)
Deemed value of vested conditional shares:          R3 816 724.75 (note 1)

Sales
Transaction 1:
- Number of DRDGOLD Shares:                         26 092
- Total value of transaction:                       R366 065.54

Transaction 2: 
- Number of DRDGOLD Shares:                         157 669
- Total value of transaction:                       R2 210 096.83

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

Grant date              Number of conditional           Deemed value      Vesting date
                        shares awarded which            (note 2)
                        remain subject to vesting
2 December 2019         258 761 (207 009 performance    R1 591 380.15     2 December 2022 (note 3)
                        shares and 51 752 retention
                        shares)
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)

Name of prescribed officer / company secretary of
DRDGOLD:                                            Elise Beukes

Vesting
Number of conditional shares subject to Vesting:    38 181 (30 545 performance shares and 7 636 retention shares)
Deemed value of vested conditional shares:          R563 169.75 (note 1)

Sales
Transaction 1:
- Number of DRDGOLD Shares:                         5 421
- Total value of transaction:                       R76 055.55

Transaction 2:
- Number of DRDGOLD Shares:                         32 760
- Total value of transaction:                       R459 207.40

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

Grant date              Number of conditional           Deemed value        Vesting date
                        shares awarded which            (note 2)
                        remain subject to vesting
2 December 2019         38 181 (30 545 performance      R234 813.15         2 December 2022 (note 3)
                        shares and 7 636 retention
                        shares)
22 October 2020         23 744 (18 995 performance      R461 345.92         22 October 2023
                        shares and 4 749 retention
                        shares)
20 October 2021         39 275 (31 420 performance      R532 176.25         20 October 2024
                        shares and 7 855 retention
                        shares)

Name of director of Ergo Mining Proprietary
Limited:                                            Henry Gouws

Vesting
Number of conditional shares subject to Vesting:    177 498 (141 998 performance shares and 35 500 retention
                                                    shares)
Deemed value of vested conditional shares:          R2 618 095.50 (note 1)

Sales
Transaction 1:
- Number of DRDGOLD Shares:                         25 203
- Total value of transaction:                       R353 593.05

Transaction 2:
- Number of DRDGOLD Shares:                         152 295
- Total value of transaction:                       R2 134 767.75

The table below provides a summary of the participation by Mr Henry Gouws in the LTI Scheme, following
the abovementioned Vesting:

Grant date              Number of conditional          Deemed value       Vesting date
                        shares awarded which           (note 2)
                        remain subject to vesting
2 December 2019         177 498 (141 998               R1 091 612.70      2 December 2022 (note 3)
                        performance shares and
                        35 500 retention shares)
22 October 2020         110 383 (88 306                R2 144 741.69      22 October 2023
                        performance shares and
                        22 077 retention shares)
20 October 2021         182 585 (146 068               R2 474 026.75      20 October 2024
                        performance shares and
                        36 517 retention shares)

Name of director of Ergo Mining Proprietary
Limited:                                            Mark Burrell

Vesting
Number of conditional shares subject to Vesting:    117 639 (94 111 performance shares and 23 528 retention
                                                    shares)
Deemed value of vested conditional shares:          R1 735 175.25 (note 1)

Sales
Transaction 1:
- Number of DRDGOLD Shares:                         16 704
- Total value of transaction:                       R234 353.78

Transaction 2:
- Number of DRDGOLD Shares:                         100 935
- Total value of transaction:                       R1 414 838.19

The table below provides a summary of the participation by Mr Mark Burrell in the LTI Scheme, following
the abovementioned Vesting:

Grant date              Number of conditional          Deemed value        Vesting date
                        shares awarded which           (note 2)
                        remain subject to vesting
2 December 2019         117 639 (94 111                R723 479.85         2 December 2022 (note 3)
                        performance shares and
                        23 528 retention shares)
22 October 2020         73 158 (58 526 performance     R1 421 459.94       22 October 2023
                        shares and 14 632 retention
                        shares)
20 October 2021         121 011 (96 809                R1 639 699.05       20 October 2024
                        performance shares and
                        24 202 retention shares)

Name of director of Far West Gold Recoveries
Proprietary Limited:                                Henriette Hooijer

Vesting
Number of conditional shares subject to Vesting:    80 293 (64 234 performance shares and 16 059 retention shares)
Deemed value of vested conditional shares:          R1 184 321.75 (note 1)

Sales
Transaction 1:
- Number of DRDGOLD Shares:                         5 301
- Total value of transaction:                       R74 371.97

Transaction 2:
- Number of DRDGOLD Shares:                         32 035
- Total value of transaction:                       R449 044.85

The table below provides a summary of the participation by Ms Henriette Hooijer in the LTI Scheme, following
the abovementioned Vesting:

Grant date              Number of conditional         Deemed value         Vesting date
                        shares awarded which          (note 2)
                        remain subject to vesting
2 December 2019         80 293 (64 234                R493 801.95          2 December 2022 (note 3)
                        performance shares and
                        16 059 retention shares)
22 October 2020         62 415 (49 932                R1 212 723.45        22 October 2023
                        performance shares and
                        12 483 retention shares)
20 October 2021         103 242 (82 594               R1 398 929.10        20 October 2024
                        performance shares and
                        20 648 retention shares)

Name of director of Far West Gold Recoveries
Proprietary Limited:                                Kevin Kruger

Vesting
Number of conditional shares subject to Vesting:    146 977 (117 581 performance shares and 29 396 retention
                                                    shares)
Deemed value of vested conditional shares:          R2 167 910.75 (note 1)

Sales
Transaction 1:
- Number of DRDGOLD Shares:                         20 869
- Total value of transaction:                       R292 787.90

Transaction 2:
- Number of DRDGOLD Shares:                         126 108
- Total value of transaction:                       R1 767 696.19

The table below provides a summary of the participation by Mr Kevin Kruger in the LTI Scheme, following
the abovementioned Vesting:

Grant date              Number of conditional         Deemed value            Vesting date
                        shares awarded which          (note 2)
                        remain subject to vesting
2 December 2019         146 977 (117 581              R903 908.55             2 December 2022 (note 3)
                        performance shares and
                        29 396 retention shares)
22 October 2020         91 403 (73 122                R1 775 960.29           22 October 2023
                        performance shares and
                        18 281 retention shares)
20 October 2021         151 190 (120 952              R2 048 624.50           20 October 2024
                        performance shares and
                        30 238 retention shares)

Notes:
1. Deemed value is based on the closing price of a DRDGOLD Share on the date immediately preceding the date of vesting, being
   R14.75 on 1 December 2021.
2. 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.
3. 50% of the Awards made in December 2019 vested in 2021 (being 2 years after the grant date) and the remaining 50% will vest
   in December 2022 (being 3 years after the grant date), subject to the rules of the LTI Scheme.

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
7 December 2021

Sponsor
One Capital

Date: 07-12-2021 05:05:00
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