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Randgold Resources (RRS)

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Tuesday 06 March, 2001

Randgold Resources

Cancel/re-issue of options

Randgold Resources Ld
6 March 2001


Randgold Resources Limited


CANCELLATION AND RE-ISSUE OF OPTIONS TO DIRECTORS

The board of directors has agreed to the cancellation and re-issue of options
to participants of the Randgold Resources share option scheme.  The approval
affected the options of members of the board as follows:

CANCELLATION OF OPTIONS

Name of Option Holder   Number of Options Cancelled   Exercise Price
R A R Kebble               6 400                        US$7.00
R A R Kebble             200 000                        US$5.88
D M Bristow              100 000                       US$10.00
D M Bristow               50 000                        US$6.00
D Ashworth                50 000                       US$10.00
D Ashworth                25 000                        US$6.00
B H Asher                  6 400                        US$7.00  
J-A Cramer                 6 400                        US$7.00
R I Israel                 6 400                        US$7.00
R B Kebble                 6 400                        US$7.00
P Lietard                  6 400                        US$6.25
F Lips                     6 400                        US$7.00
A L Paverd                 6 400                        US$7.00

AWARD OF NEW OPTIONS

Name of Option Holder   Number of Options Awarded   Exercise Price
R A R Kebble             169 000                        US$3.30
D M Bristow               75 000                        US$3.30
D Ashworth                80 000                        US$3.30
B H Asher                 19 000                        US$3.30
J-A Cramer                19 000                        US$3.30
R I Israel                19 000                        US$3.30
R B Kebble                19 000                        US$3.30
P Lietard                 19 000                        US$3.30
F Lips                    19 000                        US$3.30
A L Paverd                19 000                        US$3.30

Option Exercise Period for New Options
* Up to one-third on or after 29 January 2001;
* Up to two-thirds on or after 29 January 2002;
* The balance on or after 29 January 2003.