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Randgold Resources (RRS)

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Monday 23 July, 2001

Randgold Resources

Results of EGM

Randgold Resources Ld
23 July 2001

Randgold Resources Limited
Incorporated in Jersey, Channel Islands, Reg. no. 62686


RESULTS OF EGM

Randgold Resources Limited announce that the resolutions proposed at the
Extraordinary General Meeting held at 9:00 a.m. today, 23 July, 2001, were
duly approved. Accordingly, the Company has been given authority to purchase
from all of the members of the Company on a mandatory pro rata basis a maximum
of 11,831,915 ordinary shares of US$0.10, for a consideration of US$7 per
share (the 'Repurchase') upon the terms and subject to the conditions set out
in the circular to Shareholders dated 28 June, 2001 (the 
'Circular').Conditionally on the Repurchase proceeding, authority has also
been given for the Share Option Scheme Rules to be amended so that the
threshold limit for reserved unissued Shares is increased from 10 to 15 per
cent. of the Company's issued share capital from time to time.

As set out in the Circular, the Repurchase is subject to certain financing
conditions. The Company will notify Shareholders in due course by way of
announcement through the Company Announcements Office of the London Stock
Exchange whether these financing conditions have been satisfied. 

The Company expects to write to Shareholders on 17 September, 2001 asking them
to return to the Registrars, for cancellation,their share certificate(s) and/or
any document(s) of title in respect of their entire holding(s) of Shares. At
that time, Shareholders will also be provided with a form of payment instruction
to complete, sign and return in the event that they wish the consideration for
their Shares to be sent to an address other than that specified on the Register,
or to be electronically transferred to their bank account.

The Repurchase will only take place with respect to Shareholders on the
Register at the Record Date, expected to be 5:00 p.m. on 27 September, 2001.
Subject to satisfaction of the financing conditions, the Repurchase is
expected to take place at 8:30 a.m. on 28 September, 2001.

Definitions used in this announcement shall, unless the context otherwise
requires, have the meanings given to them in the Circular.

Enquiries :
Dr Mark Bristow : Tel: +44 (0) 779 775 2288

23 July 2001