SENS news

Dealings in securities

08 December 2022

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
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