Rand Mining Ltd (ASX: RND) ('the Company') is pleased to announce the payment of a dividend to shareholders of 10 cents per share.

The dividend is fully franked at the company tax rate of 30%. The key dates are as follows.

Ex-dividend Date: 11 November 2020

Record Date: 12 November 2020

Payment Date: 20 November 2020

This dividend is in line with Rand's strategy of distributing returns to shareholders on a regular basis while having regard to the Company's cash reserves, including meeting all financial commitments and maintaining sufficient working capital.

This announcement has been authorised for release by the Board of Rand Mining Ltd.

Contact:

Brett Tucker

Tel: + 61 8 9482 0500

Email: brett.tucker@randmining.com.au

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