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Randgold Resources (RRS)

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Monday 24 June, 2002

Randgold Resources

RRS - GDR Ratio Change

Randgold Resources Ld
24 June 2002



RANDGOLD RESOURCES GDR RATIO CHANGE


RE:  Randgold Resources - Ratio Change
               Current Ratio : 1 GDR :1 Ordinary Share
               Current CUSIP : 752344101 (144A)
               Current CUSIP : 752344200 (Reg S)
               Current ISIN  : US7523441019 (144A) 
               Current ISIN  : US7523442009 (Reg S)

Randgold Resources today announces that, effective Wednesday June 26, 2002, it
will change the current ratio on its GDRs from one (1) GDR equals one (1)
Ordinary Share to one (1) GDR representing two (2) Ordinary Shares. 

As a result of ratio change, the current GDRs will be exchanged on a mandatory
basis whereby GDR holders will automatically receive one (1) new GDR under the
new CUSIP/ISIN numbers for every two (2) GDRs held under the current
CUSIP/ISIN numbers.  A cash-in-lieu payment will be made for any fractional
GDRs generated from this exchange. 

Following are the new CUSIP and ISIN numbers.

CUSIP :  752344 40 8 (144A)              ISIN : US7523444088 (144A)

CUSIP :  752344 50 7 (Reg S)             ISIN : US7523445077 (Reg S)
 
Enquiries:

Randgold Resources:
Mark Bristow     +44-7797-752288
David Haddon     +27-11-309-6043

Bank of New York:
Figen Inal       +1-212- 815-3326.




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