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Condensed consolidated unaudited interim results for the six months ended 31 December 2023 and dividend declaration

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Published: Wednesday, 14 February 2024 02:00

Condensed consolidated unaudited interim results for the six months ended 31 December 2023 and dividend declaration

DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1895/000926/06)
JSE and A2X share code: DRD
NYSE trading symbol: DRD
ISIN: ZAE000058723
("DRDGOLD" or the "Company")

CONDENSED CONSOLIDATED UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2023 AND 
CASH DIVIDEND DECLARATION

INTRODUCTION

The contents of this announcement are the responsibility of the board of directors of DRDGOLD ("Board").

As the information in this announcement does not provide all of the details, any investment decisions
should be based on the full results which are available through the following JSE cloudlink
https://senspdf.jse.co.za/documents/2024/JSE/ISSE/DRD/Interim_24.pdf and also available for viewing
on the Company's website at https://www.drdgold.com/downloads?task=download.send&id=330&catid=127&m=0.

KEY FINANCIAL RESULTS SUMMARY

                                            Six months ended       Six months ended       % change
                                            31 December 2023       31 December 2022
    Revenue – R million                              2,974.2                2,654.3             12
    Operating profit – R million                       909.3                  792.4             15
    Earnings per share – South African                  68.4                   62.3             10
    ("SA") cents per share ("cps")
    Headline earnings per share – SA cps                68.4                   62.3             10
    Interim dividend – SA cps                             20                     20              0

CASH DIVIDEND DECLARATION

The Board has declared an interim cash dividend of 20 SA cps for the six months ended
31 December 2023 as follows:

•     The dividend has been declared out of income reserves
•     The local Dividend Withholding Tax rate is 20% (twenty percent)
•     The gross local dividend amount is 20 SA cps for shareholders exempt from Dividend Withholding Tax
•     The net local dividend amount is 16 SA cps for shareholders liable to pay Dividend Withholding Tax
•     DRDGOLD currently has 864 588 711 ordinary shares in issue (which includes 3 090 081 treasury
      shares)
•     DRDGOLD's income tax reference number is 9160/013/60/4

In compliance with the requirements of Strate Proprietary Limited ("Strate") and the JSE Limited Listings
Requirements, given the Company's primary listing on the exchange operated by the JSE Limited, the
salient dates for payment of the dividend are as follows:

•     Last date to trade ordinary shares cum-dividend: Tuesday, 5 March 2024
•     Ordinary shares trade ex-dividend: Wednesday, 6 March 2024
•     Record date: Friday, 8 March 2024
•     Payment date: Monday, 11 March 2024

On payment date, dividends due to holders of certificated ordinary shares on the SA share register will
either be electronically transferred to such shareholders' bank accounts or, in the absence of suitable
mandates, dividends will be held in escrow by the Company until suitable mandates are received to
electronically transfer dividends to such shareholders.

Dividends in respect of dematerialised shareholdings will be credited to such shareholders' accounts with
the relevant Central Securities Depository Participant (CSDP) or broker.

To comply with the further requirements of Strate, between Wednesday, 6 March 2024 and Friday,
8 March 2024, both days inclusive, no transfers between the SA share register and any other share
register will be permitted and no ordinary shares pertaining to the SA share register may be dematerialised
or rematerialised.

The currency conversion date for the Australian and United Kingdom share registers will be Monday,
11 March 2024.

The holders of American Depositary Receipts ("ADRs") should confirm dividend details with the depository
bank.

ADR information is tentative and subject to confirmation by the depository bank. Assuming an exchange
rate of R18.00/$1, the net dividend payable on an ADR is equivalent to 9 United States cents per share
for ADR holders liable to pay Dividend Withholding Tax. However, the actual rate of payment will depend
on the exchange rate on the date for currency conversion.

On behalf of the Board

TJ Cumming                                                                 DJ Pretorius
Non-Executive Chairman                                                     Chief Executive Officer

Johannesburg
14 February 2024

DIRECTORS
#Independent
^Lead Independent

Executives:
DJ (Niël) Pretorius (Chief Executive Officer)
AJ (Riaan) Davel (Chief Financial Officer)

Non-executives:
TJ Cumming (Non-Executive Chairman); EA Jeneker#^; JA Holtzhausen#, TVBN Mnyango#, JJ Nel#,
KP Lebina# and CD Flemming#

Company Secretary:
K Mbanyele

MEDIA AND INVESTOR RELATIONS:
Jane Kamau
Tel: +27 11 880 3924
Website: www.drdgold.com

REGISTERED OFFICE:
Constantia Office Park
Cnr 14th Avenue and Hendrik Potgieter Road
Cycad House, Building 17, Ground Floor
Weltevreden Park, 1709
South Africa

SPONSOR:
One Capital
17 Fricker Road, Illovo, 2196

Date: 14-02-2024 08:00:00
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