Media releases

DRDGOLD disposes of entire Emperor interest for R340.9 million

Details

Published: Tuesday, 23 October 2007 02:00

Proceeds to be used to pursue SA opportunities

Johannesburg, South Africa. 23 October 2007. DRDGOLD Limited (JSE: DRD; NASDAQ: DROOY has announced that it has disposed of its entire interest in Emperor Mines Limited.

The purchasers of the Emperor shares were 26 institutional investors which each acquired between 0.4% and 21.6% of the shares.

The Emperor shares were disposed of at a price of A$0.068 per share, amounting to a total disposal consideration of A$56 million (R340.9 million at an exchange rate of R6.088:A$1.00).

The effective date of the disposal was 22 October 2007.

DRDGOLD has previously announced its intention to focus solely on opportunities in South Africa which will include improving the efficiencies of its existing mines, expanding the surface treatment operations and developing its uranium and exploration potential. The cash received in respect of the Emperor disposal will be applied to furthering these objectives.

Shareholders have been advised that caution is no longer required to be exercised when dealing in the shares of DRDGOLD.

Queries:

South Africa
James Duncan, Russell & Associates
+27 11 880 3924 (office)
+27 82 892 8052 (mobile)

North America
Investor and Media Relations
Barbara Cano, Breakstone Group International
+1 646 452 2334 (office)

United Kingdom/Europe
Investor and Media Relations
Phil Dexter, St James's Corporate Services
+44 20 7499 3916 (office)
+44 779 863 4398 (mobile)

For more information, please visit www.drdgold.com

Disclaimer:

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 2006, which we filed with the United States Securities and Exchange Commission on 22 December 2006 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.