…….

Kibali…Randgold’s history in the DRC

Jan 2001 – Joseph Kabila president

2002 – New mining code

Apr 2003 – Constitution for transition

Oct 2006 – 1st president elected in

second round

2006On site due

diligenceby Randgold

Sep 2009Acquired

Moto Goldmines (70% Kibali) JV with AGA in public international auction

Dec 2009JV acquired a further 20% in

Kibali from SOKIMO

Feasibility updated reserves doubled

to over 10Moz

2010

Formal notice to illegal miners and

alternate work programme started

Mar 2010

MOU signed with Catholic church

Jul 2010

Aru-Doko road upgrade completed

Nov 2010

Established Kokiza village

for resettlement

Feb 2011

Revisedfeasibility

Aug 2011May 2012Preconstruction

started

Oct 2011JV approves feasibility and vote capital

Sep 2013First gold and completion of

RAP

Commissioning and ramp up of met

facility. Associated

infrastructure completed

2014

Nzoro 2hydropower

station completed

2015UG ramp up

Throughput ramp upfull sulphide circuit2 new satellite pits

Full year production at design specs

2016 Q1 2017

First power from Ambarau

Q4 2017Shaft and UG

system commissioned

hoisting ramp up

Q2 2018First power from

AzambiNov 2011

Start of national dialogue –Pres. Kabila

Sep 2016

2nd democratic elections

Kibali supply routes…

Kibali

Dar es Salaam

Mombasa

1 800 km

1 950 km

Randgold Central and East Africa structure…

MetManagerPatrick Mande

FinancialManagerNortonMukeba

Eng.ManagerHennie Snyman

GM Kibali MineCharles Wells

Social &Sustainability.

ManagerBombiti Nzanza

SupplyChainTeddy

Mbiyavanga

Regional Gov

LiaisonJean Pierre

Mbuluyo

SafetyManager

Vital Byabushi

HRManager

LucieKikadi

ExplorationManagerEtienne

Mwandale

MRMManager

Craig Barker

Kinshasa OfficeManager

Roy Bondo

Country ManagerCyrille Mutombo

FINANCENaude van Eck

SecurityManager

SmithKombo

UG Manager

Paul Carrick

OC Manager

JeanKasongo

COO C & E / AWillem Jacobs

Operations ManagerGustav du Toit

Kibali in 2009…

Kibali today…

Kibali gold mine…Q3 update

Gold production increased 2% to 144 608oz in Q3 in line with plan, and by 6% on

the comparative 9 months of 2016

Production expected to ramp up on completion of load commissioning of

underground haulage and shaft hoisting system in Q4

Plant throughput above design capacity while full sulphide feed volumes were

further increased

Recovery was lower at 83.5% (Q2 2017: 84.3%) reflecting change in feed blend in

line with scheduled ore access from different pits

Total cash costs decreased 12% quarter on quarter to $753/oz as a result of

slightly higher grade, increased proportion of hydropower and lower mining costs

following reduction in strip ratio

Capital expenditure of $65.8 million related mainly to UG development including

haulage level construction to enable commissioning of automated material

handling system

Gorumbwa resettlement progressing on schedule with first phase of housing and

community infrastructure handed over

Kibali…operating results

Refer to Q3 2017 quarterly report for footnotes

Quarter30 Sep

201730 Jun

201730 Sep

201630 Sep

201730 Sep2016

MiningTonnes mined (000) 9 663 7 827 7 453 27 644 22 068Ore tonnes mined (000) 1 644 1 262 1 458 4 574 4 562MillingTonnes processed (000) 1 840 1 854 1 950 5 615 5 270Head grade milled (g/t) 2.9 2.8 2.9 2.9 3.0Recovery (%) 83.5 84.3 81.8 82.9 78.2Ounces produced 144 608 141 204 150 431 426 825 403 540Ounces sold 143 711 137 661 146 639 440 078 402 084Average price received ($/oz) 1 267 1 243 1 334 1 237 1 264Cash operating costs1 ($/oz) 694 803 687 760 711Total cash costs1 ($/oz) 753 859 747 817 768Profit from mining activity1 ($000) 73 928 52 956 87 269 185 016 199 484Attributable (45%)Gold sales1 ($000) 81 963 77 013 88 042 245 059 228 691Ounces produced 65 074 63 542 67 694 192 071 181 593Ounces sold 64 670 61 947 65 988 198 035 180 938Profit from mining activity1 ($000) 33 268 23 830 39 271 83 257 90 263Gold on hand at period end2 ($000) 7 332 6 597 5 854 7 332 5 854

9 months

Q4…progress towards delivering on 2017 business plan

Commissioning of shaft hoisting, material handling and haulage level drives underground tonnage and increased feed grade

Optimisation and ramp-up continuing into 2018

Plant throughput exceeds nameplate with prolonged periods of full sulphide production

Sandvik delays final automation trials due to system software upgrades following loader synchronizationdeficiencies identified during commissioning

623kt UG ore production

Palm oil project under review given current investment climate

Gorumbwa resettlement continues

Safety, Health and Environment…

6 LTIs recorded in 2017

LTIFR of 0.47 in 2017 compared to 0.44 in 2016

Increased awareness sessions

Pre-start risk assessments enforced and more attention to safe working procedure

More focus on behavior based training sessions

A safety alignment workshop with the COO

ISO 45001 internal audit conducted and specific actions identified ahead of the publication of standards

Safety

Converted and certified to latest version of ISO14001 – ISO14001:2015.

Kibali-Garamba park partnership continues

Environment0

1

2

3

4

5

6

7

2011 2012 2013 2014 2015 2016 2017

LTIFR/million hours worked

20km

Nzoro

Azambi

Ambarau

Matiko

KalimvaMofu

Mengu Hill

Pakaka

Belengo

Abimva

RambiRhino

Sessenge

Aindi Watsa

Zambula

N

Kibali Mining Permit…a highly prospective address

Zakitoko

KZ structure…pipeline of projects reinforces prospectivity

Zakitoko, new discoveryResults of 78 grabs samples collected returned values up to 7.34 g/t within banded ferruginous chert along approximately 4 km strike length supporting the potential of the target

Kalimva-Ikamva - advanced targetDrilling at Kalimva confirms planar east dipping mineralisation along NNE shear with high grade shoots open down plunge.Key results include:KVRC0025: 22m @ 4.71g/t incl 4m @ 15.9g/t KVRC0029: 22m @ 1.56g/t incl 4m @ 4.16g/t and 18m @ 2.26g/t incl 4m @ 4.05g/t

At Ikamva results for IVRC103, 90m @ 1.29g/t from 64m, support the down plunge continuity of the mineralisation (~250m) within the $1000/oz pit shell

Agbarabo-RhinoFirst optimisation of the updated consolidated geological model across plunge indicates encouraging results for followup work

KCDDown plunge opportunity tested confirming BIF model and mineralisation for UG development extensions for +600 m down plunge.

Matiko

Kalimva

Oere-Libala

Mofu

Mengu Megi

Aindi-Watsa

Zambula

PamaoPakaka

Ikamva

Sessenge

Watsa dome

Kombokolo

Agbarabo Aerodrome

Zakitoko

Rhino

Gorumbwa KCD

Thrust plane mineralisation

Plunging shoots on the shear

Shear sub-parallel to foliation, planar/plunging shoots of mineralisation

6km

N

Agbarabo-Rhino-Kombokolo…resource addition

Infill drilling (Agbarabo-Rhino) and drill test of Rhino-Kombokolo gap refined the geological model across the area and identify seven mineralised lenses

New lens and Agbarabo Main lens (historic HG) defined near surface potential and down plunge

Prospective lenses (Agbarabo Main – 2HW lenses – New lens and Rhino 1001 extension) projected 500m down plunge from the fence and depleted with Rhino $600 mined out pit indicate a potential of 1.18Moz @ 2.12g/t

Extension of the lower FW lens 185m toward Kombokolo, confirmed

AGBARABOMAIN

RHINO

AGBARABOEAST

RHINO-KOMBOKOLOGAP

BIF

BIF

BIF

Rhino 1001 lens

FW lens

Rhino 1008 lens

UpperHW Lens

LowerHW lens

Main lens

New lens

HGshoots

Historic Shaft

100m

N

Kibali…KCD down plunge potential

Axial plane A

9000 lode

KCD pit

Sessenge SW target

Down plunge extensions

DDD602 Section

DCBA

Looking SE

5000 lode3000 lode

Drill testing of down plunge confirmed folded BIF model at 450-600m from the known model, with a potential of +3Moz

BIF model confirmed for 3000, 5000 and 9000 lodes as projected

12000 lode observed beneath current 9000 lode within fold limb correlating up plunge with Sessenge SW? (3km)

3000 Lode4.8m @ 0.86g/t

300m

5000 Lode16.8m @ 6.47g/t12m @ 0.83g/t8.4m @ 3.58g/t7.2m @ 1.07g/t

12000 Lode17.48m @ 2.31g/t4.3m @ 1.01g/t6m @ 1.47g/t4.61m @ 1.76g/t

C ‐Decline

?

5000 Lode down plunge opportunity

16.8m @ 6.47g/t

12.4m @ 4.54g/t

Shaft

3000 Lode down plunge opportunity

Haulage level

Sessengue pit$1000/oz design

DDH587New DDD602

6m @ 3.80g/t

3000 up plunge opportunity

9000 LodeSessengue-UG gap

KCD $1100/oz pit shell opportunity

KCD $1000/oz pit design

500m

Underground extension potential…

A - Decline

C - Decline

Reserve Resource evolution 2009 to 2016…

2,0

2,5

3,0

3,5

4,0

4,5

5,0

-

5

10

15

20

25

2008 2009 2010 2011 2012 2013 2014 2015 2016

Mineral Reserves Mineral Resources outside Reserves Reserve Grade

Gold Moz Grade g/t

An integrated mine...

A large open pit to support the ramp up and self fund as the world class underground is developed and then the UG supported by multiple smaller pits

Shaft completed and underground system operational

9000 lode

5000 lode

1km

Shaft

BoxcutOpen pit

Mine design

Haulage level

Crusher and pumping stations

KCD-PB3…

Mined out PB 1&2

KCD-PB3 Orebody

Mined out PB2_N

Category YearOre tonnes

(Mt)Grade (g/t) Ounces Moz

Proved 2016 - - -

Probable 2016 2.37 1.99 0.15

Total 2016 2.37 1.99 0.15

Kombokolo pit…

GC drilling is ongoing to convert the remaining inferred material into measured.

Total oreOre tonnes

(Mt)Grade (g/t) Ounces Moz

Proved 0.26 2.94 0.02

Probable 1.39 2.78 0.12

Total 1.64 2.81 0.15

Final pit

Orebody

December 2017 surface

Sessenge…

Final pit

Orebody

Total oreOre tonnes

(Mt)Grade (g/t)

Ounces Moz

Proved - - -Probable 4.29 1.96 0.27

Total 4.29 1.96 0.27

The pre-mining infill GC drilling has been completed to convert the indicated resource into measured (proven reserves)

Mining activities planned to start end Q1 2018

Shaft

A 751m shaft, 8m diameter concrete lined

Shaft capacity dry tonnes = 3.4Mt/yr

Average tonnage hoisted from the shaft on current schedule = 3Mt/yr

Dedicated hoisting shaft which will be equipped with a service cage for maintenance purposes

Material handling and ore-pass

Automated loader feeding from ore-passes to crusher

2 sets of crushers underground with 1000t capacity for coarse and fine bin each

Decline

600kt/yr trucking capacity

Increases UG production

Provides flexibility to exploit shallow lode potential

Underground mine complex…

Kibali underground mine commissioned…

Kibali has full beneficial use of shaft and materials handling system at end of Q4 2017 – 118kt ore hoisted in November/December

t000UG ore tonnes mined 2017

Kibali underground development and mining…

Breaks away from traditional African mining model with an integrated automated ore handling and hoisting system:

Multiple driverless loaders operating in full automation mode

Single haulage drive with high strength roller compacted concrete hauling surface improves efficiencies

Vertical shaft: underground materials handling system completed and commissioned

Work on improved fragmentation work in progress

Further optimisation and ramp up to 3.4Mt capacity of materials handling system to be completed at the end of Q1 2018

Kibali had full beneficial use of shaft and materials handling system at end of Q4 2017

Underground mining

0 1 2 3 4

Development metres 2017

Metres 000

0

200

400

600

800

Q1 Q2 Q3 Q4

Ore tonnes hoisted -vertical shaftOre tonnes mined -declines

Q3

Q4

Q2

Q1

t000UG ore tonnes mined 2017

Kibali underground development and mining…

Breaks away from traditional African mining model with an integrated automated ore handling and hoisting system:

Multiple driverless loaders operating in full automation mode

Single haulage drive with high strength roller compacted concrete hauling surface improves efficiencies

Vertical shaft: underground materials handling system completed and commissioned

Work on improved fragmentation work in progress

Further optimisation and ramp up to 3.4Mt capacity of materials handling system to be completed at the end of Q1 2018

Kibali had full beneficial use of shaft and materials handling system at end of Q4 2017

Underground mining

0 1 2 3 4

Development metres 2017

Metres 000

0

200

400

600

800

Q1 Q2 Q3 Q4

Ore tonnes hoisted -vertical shaftOre tonnes mined -declines

Q3

Q4

Q2

Q1

PRODDUCTION_WASTEPASS

PRODUCTION OPA_4

MHL_HAULAGE_SOUTH

MHL_HAULAGE_NORTH

Conveyor level transfer station in progress (CV01)

CRUSHER  INCLINE

C_ INCLINE

Decline and off shaft development…

C-decline holed

MHS (haulage, crushers, conveyors, hoisting) commissionedCV01 conveyor installation completed and commissionedCV02 conveyor installation completed and commissioned

Crusher 1 mechanical installation complete and commissioned

Crusher 2 mechanical installation complete and commissionedShaft system fully functional

Automation optimisation in progress

A total of 47.6km has been developed project to date

Stoping tonnes ramped up during the year from 150kt/month in 2016 to 270kt/month in Dec. 2017 (623kt for Q4)

High production, large multi-level transverse longhole and longitudinal longhole open stoping mining method is used at the Kibali underground

Mine developed and opened up

Flexibility

Ore delivery from both shaft and declines

2018 production stoping…

Owner mining…

Transition planning advanced in preparation for owner mining this year

Shaft already accepted and owner operated

Substantial operational cost benefit

Plan for partial replacement of fleet

Loulo to be used as base model and adapted to Kibali specific conditions

Process developments…

UFG and pumpcell expansion4 UFG mills added, doubling concentrate grind capacityAdditional pumpcell capacityCommissioned in Q1 2017

4,80

3,663,91

3,263,13

2,64

1,75

2,25

2,75

3,25

3,75

4,25

4,75

2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q40

40

80

120

160

200

240

Kibali PlantPumpcell Residue and Throughput

Quarterly tons Residue grade [g/t] Poly. (Residue grade [g/t])

Tonnes treated 000

Residue grade g/t

Kibali Plant Performance…operational and flowsheet improvements allow for full sulphide treatment

40%

50%

60%

70%

80%

90%

100%

Wee

k 1

Wee

k 3

Wee

k 5

Wee

k 7

Wee

k 9

Wee

k 11

Wee

k 13

Wee

k 15

Wee

k 17

Wee

k 19

Wee

k 21

Wee

k 23

Wee

k 25

Wee

k 27

Wee

k 29

Wee

k 31

Wee

k 33

Wee

k 35

Wee

k 37

Wee

k 39

Wee

k 41

Wee

k 43

Wee

k 45

Wee

k 47

Wee

k 49

Wee

k 51

Fresh ore proportion in the feed blend

Weekly twin stream sulphide proportion

Proportion of sulphide ore %

Q1 average51%

Q2 average55%

Q3 average81.3%

Q4 average85.6%

Kibali Plant Performance…tonnes treated per year improving and well above nameplate

0

1

2

3

4

5

6

7

8

9

2013 2014 2015 2016 2017

Tonnes treated from 2013 to 2017

Tonnes treated per year million

Ambarau commissioned and fully operational…10.6MW capacity

Azambi hydropower station…power planned for mid 2018

Canal

Powerhouse

Kibali hydropower generation…key to lower cost

Total power generation MW Unit cost $/kWh

0,00

0,05

0,10

0,15

0,20

0,25

0,30

0

5

10

15

20

25

30

35

40

Hydro Diesel Cost

Capital projects…update

Construction of tailings return water detox facilitycompleted and commissioned

CTSF – 1st lift: sterilisationdrilling complete, construction and civil work commenced

NationalEmployees793 (14%)

ExpatEmployees

108 (2%)

NationalContractors4124 (74%)

ExpatContractors

352 (6%)

Nationals : 92%Expatriates: 8%

National Casuals212 (4%)

Kibali employees…

Local contractors and supply strategy… not just a CSR activity

$50.5 million spent on local contractors during Q4 2017

Azambi hydropower station - construction in progress with local contractors

Construction of Gorumbwa RAP houses progresses well with local contractors

Open pit mining in satellite pits conducted by Congolese contractors

Additional local contractor joins current 3 local contractors in ore hauling from satellite pits

Ongoing civil construction and roadworks performed by Congolese contractors (Traminco, M&T, IOB and MC-Global)

Local contractors included in civil work and mechanical assembly of UG conveyor

Partnership with Congolese engineering contractor (TES) for plant maintenance

Food and camp servicesKibali catering and camp services supplied by Congolese company

Kibali caterer purchases 100% of available quality food supplied locally

In country investment…2010 to Q4 2017

Visible contributions directly in the area of the project:

$169m

Non visible contributions:$2.081 Bn $184m

SALARIES

TAXES and PERMITS

PAYMENTS TO SUPPLIERS

US$ million

Nzoro Power line Road ARU - Ariwara RoadNorthern By-pass road Southern By-pass road Direct Community Project Doko - ARU road Kokiza (Houses only) AggregatesPrevention (HIV & Malaria)

National : $475m Provincial and Local : $1.085Bn

$337m

$2.25Bn paid by Kibali in the form of taxes, permits, infrastructure, salaries and payments to local suppliers

Community development…

Youth apprentice training in masonry, carpentry and welding

Work on progress for a large scale water distribution project in Durba

Investment for the improvement of access to potable water in Aru

$1.95 million spent on all social and community projects YTD

Boreholes along Doko Aru road

Kibali marathon

Volleyball

Agribusiness…local supply to Kibali

Egg Production: 35 735 eggs produced from the 3 main community projects

12 small-scale pork projects with 136 heads; pilot project with 85 heads at Kokiza

1 917kg of pork meat sold to ATS (caterer on site)

Production from the feed machine: 15.5 T

The figure below illustrates the portion of local food supply to Kibali against imports for 2017

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

Food supply: local vs imports

DS% IMP%

Agribusiness…

Maize and other cultivars62 ha harvested out of 160 ha planted

Monitoring of growth continues for the commercial maize trial

16 ha of cocoa planted in the communitySite identification continues in preparation of transplantation of seedlings

Permanent experts on site to supervise the cocoa project

Palm oilUnder review given current investment climate

3 site visits completed for the identification of plant and nursery location

Two flat areas identified for the installation of the plant and the nursery

x

Garamba partnership…a Randgold and Kibali sustainability initiative

Continued relationship

Regional stability improved

Biodiversity offsets

Park infrastructure improved

Kibali…a look at 2018

Targeted production - 730 000oz gold

Zero LTIs

Optimise UG automation and ramp up shaft tonnes

Catch-up on UG waste back log

First power from Azambi mid 2018

Continue with skills development of Congolese management and technicians

Continue with the development of our management team

Ongoing engagement with authorities on reimbursement of TVA and other tax claims

Obtain ISO 45001 health and safety certification for Kibali

Develop alternative economic programmes in Watsa/Durba areas

Continue to explore for additional reserves to replace depletion

Expand our partnership with provincial government

Work with government and industry to establish a competitive mining code

Production and Cost Profile…

0

1

2

3

4

5

0

100

200

300

400

500

600

700

800

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Oz actual Oz forecast Total Cash Cost/oz Capital Grade

Production oz ‘000Total cash cost/ozCapex $m

Grade g/t

*Production ounces as guided in Nov 2017

Kibali capital spend tapers off…

0,0

0,5

1,0

1,5

2,0

2,5

3,0

0

100

200

300

400

500

600

700

800

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Oz actual Oz forecast Cumulative capital expenditure

Production oz 000 Capex $bn

Investing in the future ….

Randgold Resources…long term strategy in NE DRC

NGAYU BELT

ISIRO BELT

MOTO BELT

MAMBASA BELT

ZANI BELT

MONGBWALU(ex AGA)2.5 Moz

KILO BELT

ZANI-KODO(Asa Res.)

2.97Moz @ 2.4g/t

N

50km Kibali Gold MineMokuKGL IsiroLoncor ResourcesDevon Resources

KIBALI(RRL-AGA)

20 Moz @ 3.4g/t

MAKAPELA (Loncor)

1Moz @ 7.59g/t

MokuSMB

ADUMBI (KGL)

1.67 Moz @ 2.5g/t

Randgold joint ventures

KCD

KalimvaIkamva

MegiAerodrome

Mengu

ZambulaAindi-Watsa

Agbarabo

GorumbwaSessenge

Kombokolo

Ganga

Panier-CirculeMutubi

Concasseur

GauMeyo

Andui

Mangazi

Babarao

DubeleBeverendi

Zembe SE

DRC - Moku Project…regional soil programmes undertaken

Kombokolo-Rhino-

Agbarabo

KZ trend: Aerodrome-

Megi

Kalimva-IkamvaFT42Ex is 13.6m @@ 15.83g/t

Concasseur*+40km2 basin of high BLEG anomalismAreas of tightly folded BIF and metasediment with strong alterationNew channel samples and lithosamples returned:

CCCH0059 8.20m@ 1.65g/t;CCCH0006 2.00m @ 2.64g/t10.80g/t and 3.46g/t.

FT42Ex is 13.6m @@ 15.83g/t

Gau Basin-Meyo AOI*Geologically complex domain of WNW-ESE trending unitsMapping at Meyo extended envelope of mineralisation to over 1km in length within three corridors.Sampling within volcanoclastics and granodiorite returned:

8.74g/t, 6.26g.t, 4.87g/t and 1.31g/t.8.11g/t, 0.88g/t and 0.79g/t

FT42Ex is 13.6m @@ 15.83g/t

Moku trend*Updated interpretation has identified volcanoclastic unit and MT contact Focused gold-in-soil programme of 3,950samples completed

FT42Ex is 13.6m @@ 15.83g/t

Zembe South-East* (KZ Extension)

Continuation of +23km long, continuously mineralised KZ Trend into Moku PermitIntersection of major NE structureSoil programme underway

N

10km

*Moku JV currently suspended

FT42Ex is 13.6m @@ 15.83g/t

Angulukuc.1.5km strike of alteration within BIF and overlying basalt in strong BLEG basin.Promising grades in BIF:

1.89g/t, 2.94g/t and 1.88g/tFurther mapping and logging of old Belgian trenches and artisanal workings planned for 2018 to link zones of mineralisation

FT42Ex is 13.6m @@ 15.83g/t

Infrastructure development completed to reach Matete village.Initial work on the main western targets in the Ngayu belt can now start.

DRC…Ngayu Belt targets with RegionalGeological Interpretation

FT42Ex is 13.6m @@ 15.83g/t

New TargetsGolgotha: c. 2km strike of alteration within BIF and basalt, strong BLEG anomaly associated with folded BIF and basalt metasediment contact.Baberu Bayinga: c.2km strike of alteration within BIF, basalt and metased, BLEG anomaly and 0.73g/t lithosample associated with cherty BIF.

The DCR Mining Code: legislation challenges puts future of the industry at risk

Review of the 2002 Mining Code…

Randgold welcomed the review of the 2002 Mining Code in 2010 and engaged with all stakeholders in 2014 and 2015

For the past 7 years we encouraged all stakeholders to commit to a process whereby we would:

Have a clear and defendable objective

Have a transparent platform with the intention of finding the most beneficial mining code for DRC and investors

Recognise Government’s commitment to stability and respect the protection provided in 2002 Mining Code

Have all mining activities conducted under a transparent legislation without any selectively applied

Work towards a framework for development of an optimum mining industry that encourages long term sustainability at average grades rather than forcing high grading for short term benefits

The contents of privately negotiated conventions must be disclosed to the public

We believe we have the right and obligation as corporate citizens to participate in the debate

Review of 2002 Mining Code… looking back

Review of the 2002 Mining Code commenced in 2014 by means of a tri-partite process (Government, Civil society and Industry)

Process sponsored by the World Bank

Substantial progress made based on well researched arguments by industry

Review process suspended in 2015 on the basis that commodity prices collapsed and that Zambian effect was not to be repeated by the DRC

Announced at the end of Q3 2017 that the 2002 Mining Code was once again to be reviewed and submitted to Parliament for debate and legislation:

None of the changes agreed to in the tri-partite process were incorporated in the 2017 DRAFT mining code. The 2017 DRAFT submission is therefore entirely a product of Government and not constructive consultation

The same DRAFT that was presented to the tri-partite platform in 2014 was re-labelled to be the 2017 DRAFT mining code

Disclaimer…

Randgold reports its mineral resources and mineral reserves in accordance with the JORC 2012 code. As suchnumbers are reported to the second significant digit. They are equivalent to National Instrument 43-101. Mineralresources are reported at a cut-off grade based on a gold price of US$1 500/oz.The reporting of mineral reserves is also in accordance with Industry Guide 7. Pit optimisations are carried out at agold price of US$1 000/oz, except for Morila which is reported at US$1 300/oz. Mineral reserves are reported at acut-off grade based on US$1 000/oz gold price within the pit designs. Underground reserves are also based on agold price of US$1 000/oz. Dilution and ore loss are incorporated into the calculation of reserves.

Cautionary note to US investors: The United States Securities and Exchange Commission (the SEC) permitsmining companies, in their filings with the SEC, to disclose only proven and probable ore reserves. Randgold usescertain terms in this annual report such as ‘resources’, that the SEC does not recognise and strictly prohibits thecompany from including in its filings with the SEC. Investors are cautioned not to assume that all or any parts ofthe company’s resources will ever be converted into reserves which qualify as ‘proven and probable reserves’ forthe purposes of the SEC’s Industry Guide number 7.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Except for the historical informationcontained herein, the matters discussed in this presentation are forward-looking statements within the meaning ofSection 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934, andapplicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statementswith respect to the future price of gold, the estimation of mineral reserves and resources, the realisation of mineralreserve estimates, the timing and amount of estimated future production, costs of production, reservedetermination and reserve conversion rates. Generally, these forward-looking statements can be identified by theuse of forward-looking terminology such as ‘will’, ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’,‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or variations ofsuch words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will betaken’, ‘occur’ or ‘be achieved’. Assumptions upon which such forward-looking statements are based are in turnbased on factors and events that are not within the control of Randgold Resources Limited (‘Randgold’) and thereis no assurance they will prove to be correct. Forward-looking statements are subject to known and unknownrisks, uncertainties and other factors that may cause the actual results, level of activity, performance orachievements of Randgold to be materially different from those expressed or implied by such forward-lookingstatements, including but not limited to: risks related to mining operations, including political risks and instabilityand risks related to international operations, actual results of current exploration activities, conclusions ofeconomic evaluations, changes in project parameters as plans continue to be refined, as well as those factorsdiscussed in Randgold’s filings with the US Securities and Exchange Commission (the ‘SEC’). Although Randgoldhas attempted to identify important factors that could cause actual results to differ materially from those containedin forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated orintended. There can be no assurance that such statements will prove to be accurate, as actual results and futureevents could differ materially from those anticipated in such statements. Accordingly, readers should not placeundue reliance on forward-looking statements. Randgold does not undertake to update any forward-lookingstatements herein, except in accordance with applicable securities laws.