“A series of defamatory comments made by former DRD employees against the company and its senior executives were reported widely in the media at the height of DRDGOLD’s differences with the Kebble family and were clearly an orchestrated attempt to discredit the company and said senior executives.
“Furthermore, at the time, former Judge Heath – clearly acting on information secured under dubious circumstances – took it upon himself to threaten DRDGOLD directors with legal proceedings and to make damaging statements regarding their integrity.
“It was clear to us then, of course, that these threats and damaging statements were a sham. Former Judge Heath’s weekend admissions amount to his publicly corroborating this himself and discredit his conduct at the time.
“DRDGOLD’s Board of Directors are pleased that continuing revelations about events at that unhappy time in the company’s history serve to vindicate its position at the time. We are grateful to all of those employees who saw through the campaign to discredit the company and continued loyally to perform their jobs, often in difficult circumstances.”
For further information, please contact
Russell & Associates
+27 11 880 3924 (t)
+27 82 892 8052 (m)
DRDGOLD has a primary listing on the JSE Limited (JSE: DRD) and secondary listings on NASDAQ (DROOY), the London Stock Exchange and the Paris and Brussels Bourses. Its shares are also traded on the regulated unofficial market of the Frankfurt Stock Exchange and the Berlin OTC Market.
For more information, please visit www.drdgold.com
Many factors could cause the actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, adverse changes or uncertainties in general economic conditions in the markets we serve, a drop in the gold price, a continuing strengthening of the rand against the dollar, regulatory developments adverse to DRDGOLD or difficulties in maintaining necessary licences or other governmental approvals, changes in DRDGOLD's competitive position, changes in business strategy, any major disruption in production at key facilities or adverse changes in foreign exchange rates and various other factors.
These risks include, without limitation, those described in the section entitled "Risk Factors" included in our annual report for the fiscal year ended 30 June 2005, which we filed with the United States Securities and Exchange Commission on 15 December 2005 on Form 20-F. You should not place undue reliance on these forward-looking statements, which speak only as of the date thereof. We do not undertake any obligation to publicly update or revise these forward-looking statements to reflect events or circumstances after the date of this report or to the occurrence of unanticipated events.