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Randgold Resources (RRS)

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Friday 16 August, 2002

Randgold Resources

RRS Extends Exchange Offer

Randgold Resources Ld
16 August 2002


RANDGOLD RESOURCES ANNOUNCES EXTENSION OF EXCHANGE OFFER

London, August 16, 2002 - Randgold Resources Limited (the 'Company') announced
today that it is extending the expiration date of its offer to exchange each
of its outstanding Rule 144A Global Depositary Shares, each representing the
right to receive two of its ordinary shares, for one American Depositary Share
representing the right to receive two of its ordinary shares, until midnight,
New York City time, on September 16, 2002, unless further extended or
withdrawn by the Company.  The exchange offer was scheduled to expire at
midnight, New York City time, on August 16, 2002.

As of the close of business on August 15, 2002, approximately 293,937, or 35%,
of the Company's Rule 144A Global Depositary Shares had been validly tendered
in connection with the exchange offer.

This news release is for informational purposes only and shall not constitute
an offer of any securities for sale.  The Company has filed a Registration
Statement on Form F-4 and Schedule TO with the Securities and Exchange
Commission in connection with the exchange offer.  The Company has commenced
the exchange offer and The Bank of New York, the exchange agent, has mailed
the exchange offer prospectus, which is a part of the Registration Statement
on Form F-4, and related transmittal documents, to the holders of the Rule
144A Global Depositary Shares.  These documents contain important information
about the transaction, which should be considered by shareholders prior to
making a decision to tender their Rule 144A Global Depositary Shares in
connection with the exchange offer.

Requests for assistance or for copies of the exchange offer prospectus and the
related transmittal documents for the exchange offer should be directed to The
Bank of New York, the exchange agent, at (800) 507-9357.

In addition to the Registration Statement on Form F-4, exchange offer
prospectus and Schedule TO, the Company files annual and special reports and
other information with the Securities and Exchange Commission.  You may read
and copy any reports and other information filed by the Company at the
Securities and Exchange Commission's public reference rooms at 450 Fifth
Street, N.W., Washington, D.C. 20549.  You may also obtain information on the
operation of the public reference rooms from the Securities and Exchange
Commission at 1?800-SEC-0330.  Copies of the Company's filings are also
available at the Securities and Exchange Commission website at www.sec.gov.

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


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