Media releases

Update on litigation instituted by DRDGOLD and its subsidiaries against Messrs Kebble, Stratton And Buitendag, And JCI Limited

Details

Published: Thursday, 31 January 2008 02:00

Johannesburg, South Africa. 31 January 2008. DRDGOLD Limited (JSE:DRD; NASDAQ:DRO0Y). In July 2003, DRDGOLD, DRD Australia (Pty) Limited and DRD Australasia Aps instituted an action in the High Court of South Africa (“the High Court”) against Messrs RAR Kebble, M Prinsloo, J Stratton and HC Buitendag and JCI Limited (“the defendants”),which relate to the RAWAS transaction.

Shareholders are advised that yesterday in the High Court, the defendants, with the exception of Mr Stratton, abandoned their special plea that the matter has become settled and a court order dismissing the special plea with costs was issued. The matter will now be set down to be heard on the merits of the case on a date to be allocated by the Registrar of the High Court.

The following claims are being pursued:

• R69.6 million (A$11.2 million) for the 7,644,944 DRDGOLD ordinary shares issued on 9 July 1999 at a price per share of R9.10; and
• R7.6 million (A$1.2million) for the 637,062 DRDGOLD ordinary shares issued on October 8, 1999, at a price per share of R11.90.

DRDGOLD will continue to keep shareholders updated regarding the above litigation

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 2007, which we filed with the United States Securities and Exchange Commission on 14 December 2007 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.