Randgold & Exploration Company Limited announced the resignation of Mr. DC Kovarsky as the chairman of the remuneration committee. Notwithstanding the resignation of Mr. DC Kovarsky as chairman of the remuneration committee, he will remain a member of the remuneration committee. The company also announced that Mr. JH Scholes has been appointed as the new chairman of the remuneration committee.

The effective date of the aforementioned changes is 05 August 2013.