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Randgold Resources (RRS)

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Wednesday 15 October, 2003

Randgold Resources

RRS to review options

Randgold Resources Ld
15 October 2003



London, 15 October 2003 - The board of Randgold Resources (LSE:RRS) (NASDAQ:
GOLD) said tonight it would be reviewing its position regarding an offer for
Ashanti following the Ashanti board's recommendation of an improved final offer
from AngloGold.

Chief executive Mark Bristow said he had noted that the value of the improved
final offer from AngloGold was still below that of Randgold Resources' original
offer as well as Ashanti's closing price on the New York Stock Exchange on 14
October. The final offer was also still subject to a number of conditions,
including the approval of the government of Ghana as shareholder and regulator
of Ashanti.  Bristow said he had also noted that Lonmin had now given an
irrevocable undertaking to AngloGold not to accept or support any proposal from
Randgold unless it included a fully underwritten cash alternative.

'We shall be taking all these factors into account in considering our position,
and we'll be making a formal announcement in this regard at an early
opportunity,' Bristow said tonight.    Earlier yesterday, Bristow had said that
Randgold Resources would be looking to improve its offer if AngloGold raised


Randgold Resources Limited

Chief Executive

Dr Mark Bristow

+44 (0) 779 775 2288

Financial Director

Roger Williams

+44 (0) 779 771 9660

Investor and Media Relations

Kathy du Plessis

+27 11 728 4701

Cell: +27 (0) 83 266 5847

HSBC Bank plc

Adrian Coates

Tim Morgan-Wynne

Jan Sanders

+44 (0) 20 7991 8888


Statements made in this release with respect to Randgold Resources' current
plans, estimates, strategies and beliefs and other statements that are not
historical facts are forward-looking statements about the future performance of
Randgold Resources.  These statements are based on assumptions and beliefs in
light of the information currently available.  Randgold Resources cautions you
that a number of important risks and uncertainties could cause actual results to
differ materially from those discussed in the forward-looking statements, and
therefore you should not place undue reliance on them.  The potential risks and
uncertainties include, among others, risks associated with: fluctuations in the
market price of gold, gold production at Morila, estimates of reserves and mine
life and liabilities arising from the closure of Syama.  For a discussion of
important factors and risks involved in Randgold Resources' business, refer to
Randgold Resources' Annual Report on Form 20-F for the year ended 31 December
2002, which was filed with the US Securities and Exchange Commission on 27 June
2003. Randgold Resources does not undertake any obligation to update any forward
looking statements discussed in this announcement, whether as a result of new
information, future events or otherwise.

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