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Dealings in securities

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Published: Friday, 27 October 2023 02:00

Dealings in securities

DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1895/000926/06)
ISIN: ZAE000058723
JSE & A2X 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, subject to the rules of the LTI Scheme, including certain performance conditions
being met. 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 the Awards made in October 2020 to directors and
prescribed officers of DRDGOLD and its major subsidiaries on 22 October 2023 ("Vesting"), the deemed value of which
is based on the closing price of a DRDGOLD Share on the business day immediately preceding the date of Vesting,
being R18.31 on 20 October 2023.

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 Vested                                         conditional
                                                                                                            shares
 Directors
 Niël Pretorius    DRDGOLD                             166,248           99,749          66,499      R3,044,000.88
 Riaan Davel       DRDGOLD                              80,460           48,276          32,184      R1,473,222.60
 Henry Gouws       Ergo Mining                          55,192           33,115          22,077      R1,010,565.52
                   Proprietary Limited
                   ("Ergo")
 Mark Burrell      Ergo                                 36,579           21,947          14,632        R669,761.49
 Henriette         Far West Gold                        31,208           18,725          12,483        R571,418.48
 Hooijer           Recoveries
                   Proprietary Limited
                   ("FWGR")
 Kevin Kruger      FWGR                                 45,702           27,421          18,281        R836,803.62
 Prescribed officer
 Jaco Schoeman     DRDGOLD                              80,460           48,276          32,184      R1,473,222.60


Sales

 Date of Sale                     Number of          Price per DRDGOLD Share                         Total value of Sale
                                    DRDGOLD
                                Shares sold
 23 October 2023                    102,286          Various different trades with the                     R1,793,728.21
                                                     following price information:
                                                     - volume weighted average price
                                                       ("VWAP") of R17.5364
                                                     - highest price of R17.85
                                                     - lowest price of R17.50

 24 October 2023                    250,000          Various different trades with the                     R4,254,600.00
                                                     following price information:
                                                     - VWAP of R17.0184
                                                     - highest price of R17.36
                                                     - lowest price of R16.88

 25 October 2023                    356,306          Various different trades with the                     R6,088,556.93
                                                     following price information:
                                                     - VWAP of R17.0880
                                                     - highest price of R17.15
                                                     - lowest price of R17.00

 26 October 2023                     97,990          Various different trades with the                     R1,632,337.02
                                                     following price information:
                                                     - VWAP of R16.6582
                                                     - highest price of R16.85
                                                     - lowest price of R16.50



The proceeds from the Sales (as set out above), have been apportioned to the various Participants based on the number
of Relevant DRDGOLD Shares disposed of by such Participants. The apportionment of the proceeds of the Sales to
directors and a prescribed officer of DRDGOLD and directors of DRDGOLD's major subsidiaries are as set out below.

                                Company Name                    Number of DRDGOLD               Total value of
                                                                      Shares sold          DRDGOLD Shares sold
 Directors
 Niël Pretorius                 DRDGOLD                                   166,248                R2,838,032.15
 Riaan Davel                    DRDGOLD                                    80,460                R1,373,538.73
 Henry Gouws                    Ergo                                       55,192                  R942,186.79
 Mark Burrell                   Ergo                                       36,579                  R624,442.87
 Henriette Hooijer              FWGR                                       31,208                  R532,754.12
 Kevin Kruger                   FWGR                                       45,702                  R780,182.29
 Prescribed officer
 Jaco Schoeman                  DRDGOLD                                    80,460                R1,373,538.73

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.

Johannesburg
27 October 2023

Sponsor
One Capital

Date: 27-10-2023 05:43:00
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