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Randgold Resources (RRS)

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Wednesday 08 May, 2002

Randgold Resources

RRS International Offering

Randgold Resources Ld
8 May 2002

For further details please contact
Randgold Resources CEO Mark Bristow on +44 779 775 2288


LONDON, UNITED KINGDOM Wednesday 8 May 2002 - Randgold Resources Limited (LSE:
RRS) today announces that it intends to seek a listing in the United States
and conduct an international offering of its Ordinary Shares, in the form of
Ordinary Shares or American Depositary Shares. The international offering is
expected to include an underwritten public offering of American Depositary
Shares in the United States.  One of the purposes of the listing and offering
is to establish a liquid trading market in the United States for its shares.  
Depending upon market conditions, the company expects to issue approximately 5
million Ordinary Shares.  The company intends to use the proceeds of this
offering for completing feasibility studies, financing future exploration and
development activities, repaying a portion of existing indebtedness and
funding its working capital requirements.  The company intends to complete the
offering by the third quarter of 2002.

The company's Ordinary Shares are currently listed and traded on the London
Stock Exchange and the company will apply to have its American Depositary
Shares also listed and traded on the London Stock Exchange. The company
intends to consolidate its two current Global Depositary Share programmes into
the new American Depositary Share programme.  The listing of the Global
Depositary Receipts on the London Stock Exchange would then be cancelled.

This press release is not an offer for sale of securities in the United States
or in any other jurisdiction.  The securities may not be sold in the United
States absent registration or an exemption from registration under the US
Securities Act of 1933, as amended.  Any public offering of the securities to
be made in the United States will be made by means of a prospectus that may be
obtained from the company and that will contain detailed information about the
company and management as well as financial statements.

This announcement has been approved for the purposes of the United Kingdom
Financial Services and Markets of 2000 by HSBC Investment Bank plc, a company
regulated by the Financial Services Authority and a member of the London Stock
Exchange plc.

Issued on behalf of Randgold Resources Limited by du Plessis Associates.
Media and Investor Relations: contact Kathy du Plessis on Tel: 27 11 728 4701,
mobile: +27(0)83 266 5847 or e-mail

Certain of the statements made in this document are forward-looking in nature
and are based on certain assumptions which involve risk and uncertainty
because they relate to events and depend on circumstances that will occur in
the future.  Randgold Resources undertakes no obligation to update any
forward-looking statements.  Mining and exploration by its very nature, is a
risky business and one in which the producers have little influence over the
price of their product.  Consequently investors should be mindful of the
inherent risks associated with all mineral development projects.

                      This information is provided by RNS
            The company news service from the London Stock Exchange