Media releases

Two-year wage settlement ends DRDGOLD strike

DRDGOLD Limited has announced signed settlement with the National Union of Mineworkers in respect of wages and conditions of employment for 2013 and 2014 – and consequently an end to a 2-day strike by some 600 employees at the company’s Ergo operations represented by the union.

Johannesburg, South Africa. 10 October, 2013. DRDGOLD Limited (DRDGOLD; JSE, NYSE:DRD) has announced signed settlement with the National Union of Mineworkers (NUM) in respect of wages and conditions of employment for 2013 and 2014 – and consequently an end to a 2-day strike by some 600 employees at the company’s Ergo operations represented by the union.

In terms of the settlement, entry-level employees in job categories 4 and 5 will receive a 10% basic wage increase in year one and 8% in year 2; employees in job categories 6 and 7 will receive 9% in year 1 and 7.5% in year 2; and employees in job categories 8 to 15 will receive 8% in year 1 and 7.5% in year 2.

The effect of the implementation of the settlement will be an 8.84% increase in the company’s annual wage bill, amounting to approximately R21 million per annum.

Niël Pretorius, CEO of DRDGOLD, said: “The higher increases at the lower end could be accommodated within budget parameters by tapering increases for middle and senior management for the 2014 calendar year. “

Employees who have been on strike have started to return to work at the start of the night shift on 9 October 2013.

It is not anticipated that the strike will have had any material effect on production.

Queries:

South Africa & North America

James Duncan, Russell and Associates
+27 11 880 3924 (office)
+27 (0) 79 336 4010 (mobile)

United Kingdom/Europe
Investor and Media Relations
Phil Dexter, St James’s Corporate Services
+44 (0) 20 7796 8644 (office)
+44 (0) 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 sustained strengthening of the Rand against the Dollar, regulatory developments adverse to DRDGOLD or difficulties in maintaining necessary licenses 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 2012, which we filed with the United States Securities and Exchange Commission on 26 October 2012 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. Any forward-looking statement included in this report have not been reviewed and reported on by DRDGOLD’s auditors.