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 (“Participants”) 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 of the off-market vesting of 50% of the 2019 Awards to directors, prescribed officers and the company secretary of DRDGOLD and its major subsidiaries on 2 December 2022 (“Vesting”), the deemed value of which is based on the closing price of a DRDGOLD Share on the date immediately preceding the date of Vesting, being R11.80 on 1 December 2022. Furthermore, various Participants have elected to dispose of all or a portion of the vested DRDGOLD Shares (“Relevant DRDGOLD Shares”). Accordingly, in order to facilitate the disposal of the Relevant DRDGOLD Shares, a pooled sale arrangement has been put in place in terms of which the aggregate of the Relevant DRDGOLD Shares are being disposed of, by an independent third party, through various on-market trades (“Sales”). The details of the Vesting and Sales (to date) are set out below: Vesting Company Name Number of Performance Retention Deemed value conditional shares shares of vested shares subject conditional to Vesting shares Directors Niël Pretorius DRDGOLD 534 660 427 728 106 932 R6 308 988.00 Riaan Davel DRDGOLD 258 761 207 009 51 752 R3 053 379.80 Henry Gouws Ergo Mining 177 497 141 998 35 499 R2 094 464.60 Proprietary Limited (“Ergo”) Mark Burrell Ergo 117 638 94 110 23 528 R1 388 128.40 Henriette Far West Gold 80 292 64 234 16 058 R947 445.60 Hooijer Recoveries Proprietary Limited (“FWGR”) Kevin Kruger FWGR 146 977 117 582 29 395 R1 734 328.60 Prescribed officer Jaco Schoeman DRDGOLD 258 761 207 009 51 752 R3 053 379.80 Prescribed officer and company secretary Elise Beukes DRDGOLD 38 181 30 545 7 636 R450 535.80 Sales Date of Sale Number of Price per DRDGOLD Share Total value of Sale DRDGOLD Shares sold 2 December 2022 23 716 Trade 1: R273 390.93 Various different trades with the following price information: - volume weighted average price (“VWAP”) of R11.5277 - highest price of R11.70 - lowest price of R11.50 638 000 Trade 2: R11.45 R7 305 100.00 5 December 2022 97 701 Various different trades with the R1 130 947.70 following price information: - VWAP of R11.5756 - highest price of R11.80 - lowest price of R11.55 6 December 2022 399 172 Various different trades with the R4 526 091.56 following price information: - VWAP of R11.3387 - highest price of R11.41 - lowest price of R11.30 7 December 2022 390 306 R11.35 R4 429 973.10 Further Sales are expected to be implemented, the details of which will be announced on SENS in due course. 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 nature and extent of the Participants’ interest in the abovementioned transactions is direct beneficial, which transactions were completed outside of a closed period. Johannesburg 8 December 2022 Sponsor One Capital Date: 08-12-2022 05:40:00 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.
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