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Randgold Resources (RRS)

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Tuesday 08 February, 2005

Randgold Resources

Investor update

Randgold Resources Ld
08 February 2005

Randgold Resources Limited

Incorporated in Jersey, Channel Islands

Reg. No. 62686

LSE Trading Symbol: RRS

Nasdaq Trading Symbol: GOLD


London, 8 February 2005 (LSE:RRS) (Nasdaq:GOLD) -  A global shareholder
identification exercise conducted by the research group Ilios in December has
highlighted Randgold Resources' success in building a broad and diversified
investor base. Key findings of the analysis, which covered 100% of the company's
total shares in issue (as at 31 December 2004), include:

*  There are 121 institutional investors who account for 57.68% of the shares in

*  The US retail ADR and brokerage market holds 30.37% of the shares.

*  Of the top 20 institutions, 12 are based in the US, five in the UK, two in
   Canada and one in Switzerland.

*  Overall US ownership (institutional and retail investors) amounts to 56.61%.

*  Merrill Lynch UK is now the company's single largest shareholder, with 6.89%
   of the issued shares.

*  Randgold & Exploration's holding has been reduced to 6.74%.

*  Toronto-based Mackenzie Financial is the top North American investor with
   4.83%, followed by two New York-based institutions, Van Eck Associates (4.1%)
   and Tocqueville Asset Management (2.44%).

*  The investment style of the company's major shareholders is categorised as '

Chief executive Dr Mark Bristow said the Ilios audit had provided the company
with an accurate and objective analysis of its share register.  'It clearly
reflects the effort we have put into marketing Randgold Resources, and the
resonance our message has found with highly discriminating investors,' he said.


In the course of 2004, Randgold Resources chief executive Mark Bristow held more
than 200 investor meetings in 15 cities in eight countries on three continents
at the head of the intensive investor relations campaign that has been a
hallmark of the company's management style since its inception 10 years ago.

'In those early days, under the shadow of the Bre-X scandal and a collapsing
gold price, we had to introduce Randgold Resources to a market that was
distinctly unenthusiastic about gold in general and fledgling exploration
companies in particular.  But we persisted, with what one analyst described at
the time as missionary zeal,' recalls Bristow.

'Since then, we've made a point of communicating openly and regularly with the
market in the bad times as well as the good, through our results presentations,
roadshows, facility visits, teleconferences and participation in industry
conferences, as well as through comprehensive annual and quarterly reports.'

'We've always shared our strategies with the market, we've kept shareholders
fully informed about our plans and our performance, and when there have been
problems or issues, we've addressed them proactively and candidly. In the
process I think our management team has gained a reputation for credibility
which has been a great help in building a strong and supportive shareholder

Randgold Resources' communications programme also includes a substantial media
component, and the company was recently named communicator of the year for 2004
by the authoritative Mining Journal.


Chief Executive - Dr Mark Bristow +44 779 775 2288

Financial Director - Roger Williams +44 791 709 8939

Investor & Media Relations - Kathy du Plessis +27 11 728 4701, 
                             Cell: +27 (0) 83 266 5847


DISCLAIMER: Statements made in this document with respect to Randgold Resources'
current plans, estimates, strategies and beliefs and other statements that are
not historical facts are forwardlooking statements about the future performance
of Randgold Resources.  These statements are based on management's assumptions
and beliefs in light of the information currently available to it.  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, the development of Loulo and estimates of resources, reserves and mine
life.  For a discussion on such risk factors, refer to the annual report on Form
20-F for the year ended 31 December 2003, which was filed with the United States
Securities and Exchange Commission (the 'SEC') on 30 June 2004.  Randgold
Resources assumes no obligation to update information in this release.
Cautionary Note to US Investors:  The SEC permits companies, in their filings
with the SEC, to disclose only proven and probable ore reserves. We use certain
terms in this release, such as 'resources', that the SEC does not recognise and
strictly prohibits us from including in our filings with the SEC. Investors are
cautioned not to assume that all or any part of our resources will ever be
converted into reserves which qualify as 'proven and probable reserves' for the
purposes of the SEC's industry guide number 7.

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