Operating update for the quarter ended 30 September 2022 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” or the “Company”) OPERATING UPDATE FOR THE QUARTER ENDED 30 SEPTEMBER 2022 The operating update of the Company for the quarter ended 30 September 2022 is as follows: Quarter ended Quarter ended % 30 SEP 2022 30 JUN 2022 change Production Gold produced kg 1,453 1,443 1% oz 46,715 46,393 1% Gold sold kg 1,442 1,446 0% oz 46,362 46,490 0% Ore milled Metric (000't) 7,157 7,064 1% Yield Metric (g/t) 0.203 0.204 0% Price and costs Average gold price received R per kg 945,983 937,509 1% US$ per oz 1,727 1,871 -8% Adjusted EBITDA * Rm 386.4 477.3 -19% US$m 22.7 30.6 -26% Cash operating costs R/t 133.0 133.0 - US$/t 8 9 -11% Cash operating costs R per kg 658,530 645,782 2% US$ per oz 1,202 1,289 -7% All-in sustaining costs ** R per kg 755,201 875,782 -14% US$ per oz 1,378 1,748 -21% All-in costs ** R per kg 796,255 871,162 -9% US$ per oz 1,453 1,739 -16% Capital expenditure Sustaining Rm 101.2 314.8 -68% US$m 5.9 20.2 -71% Non-sustaining/growth Rm 53.6 16.8 219% US$m 3.1 1.1 182% Average R/US$ exchange rate 17.04 15.58 9% Rounding of figures may result in computational discrepancies * Adjusted earnings before interest, taxes, depreciation and amortisation ("Adjusted EBITDA") may not be comparable to similarly titled measures of other companies. Adjusted EBITDA is not a measure of performance under International Financial Reporting Standards (IFRS) and should be considered in addition to, and not as a substitute for, other measures of financial performance and liquidity. ** All-in cost definitions based on the guidance note on non-GAAP Metrics issued by the World Gold Council on 27 June 2013. Gold production increased by 1% from the previous quarter to 1,453kg primarily due to a 1% increase in tonnage throughput despite yield being 0.001g/t lower at 0.203g/t. Gold sold decreased by 4kg to 1,442kg. As a result of the above, the cash operating costs per kilogram of gold sold increased marginally from the previous quarter to R658,530/kg. The cash operating costs per tonne of material remained stable from the previous quarter at R133/t. All-in sustaining costs per kilogram and all-in costs per kilogram were R755,201/kg and R796,255/kg, respectively, decreasing quarter on quarter mainly due to a decrease in sustaining capital expenditure in comparison to the previous quarter. Adjusted EBITDA decreased by 19% from the previous quarter to R386.4 million primarily due to an insurance claim of R84.7 million recognised in the previous quarter. Cash and cash equivalents decreased by R280.5 million to R2,245.1 million as at 30 September 2022 (30 June 2022: R2,525.6 million) after paying the final cash dividend of R342.5 million for the year ended 30 June 2022. The cash generated during the current quarter will, inter alia, be applied towards the Company’s extended capital expenditure programme for the year ending 30 June 2023. Despite the capital expenditure planned for the current financial year, the Company remains in a favourable position to, in the absence of unforeseen events, consider declaring an interim cash dividend in or around February 2023. The information contained in this announcement does not constitute an earnings forecast. The financial information provided is the responsibility of the directors of DRDGOLD, and such information has not been reviewed or reported on by the Company’s auditors. Johannesburg 19 October 2022 Sponsor One Capital Date: 19-10-2022 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.