Building our business in Cote d Ivoire July 2014

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1 Building our business in Cote d Ivoire July 2014 Tongon performance forecast to improve % Oz 000 Oxide Transition Sulphide $/oz Q Production oz Recovery % Total cash cost/oz

2 Crusher expansion and upgrade Existing circuit ew conveyor sections 2 nd Line:- ew transfer tower + screen 4 x new Hydrocone (CH660) cone crushers 1 st Line : ew transfer tower + screen Recovery optimisation Recovery issue identified and two main actions for improvement are: An additional 2% is achievable by optimising the existing recovery circuit Carbon: poor activity results in unleached gold losses Kiln process improvements to improve carbon regeneration (equiv: 0.10 g/t) Process upgrades Additional 6 to 8 % is achievable through the expansion of the flotation to recover fine Asp from cyclone overflow Completion: end-2014 Recovery improvement: 8% Final recovery: 86%

3 Processing Plant improving recovery and throughput is the focus OXIDE ORE Primary Jaw Crushing SULPHIDE ORE Coarse Ore Stockpile Cyclone Secondary Crushing Wet Screening Rougher Flotation Fine Grid, Pump Cell Tertiary Crushing Pre-leach Thickener Tails Thickener TAILIGS STORAGE FACILITY Fine Ore Stockpile Flash Float, Fine Grid, Pump Cell Calibration tank CIL Circuit (Tank 1-10) Detox (Tank 11-14) Conveyor Belt Loaded Carbon Eluted Carbon Accounting Sampling points Electrowinning Smelting Timeline to operational efficiency crushing lines belt intervention and changeout Tonnes treated rate per hour CRUSHER CHAGEOUT FLOTATIO UPGRADE 1 st stream of rougher flotation Complete crusher and conveyor installation Installation of crushers 3&4 Installation of 1 st set of CH 660 s - crushers 5&6 2 nd stream of rougher flotation

4 Grid vs Genset power usage Q to Q kwh ,000 Targeted grid to diesel generated power ratio of 98:2% $/kwh ,000 14,000 12,000 10,000 8,000 6,000 4, , Energy Supplied from Grid Energy Supplied by Powerhouse Total Power Cost Tongon near mine targets SEYDOU ORTH Mineral inventory: 2.67g/t TOGO deposits SZ below $1000 pit 2.93g/t Z below $1000 pit SEKALA 1.47g/t in a $1000 pit Tongon mine Modelled and optimised satellites Target with mineral inventory JUBULA 0.33Mt@ 1.02g/t in a $1000 pit SEYDOU SOUTH 1.93g/t in $1000 pit TOGO EAST Mineral inventory: 1.35g/t 5km

5 Mining code review delivers a win-win outcome Oct 2012 Start of constructive debate with the team of Minister Tounkara 24 to 27 June 2014 Government and World Bank organised a regional workshop on African mines which was used to promote the new mining code Best Practice Waiting for regulation 2 Oct 2013 Workshop to review the draft mining code held with government, local institutions and mining sector Mar 2014 Completed with the team of Minister Jean Claude Brou Investing in our future Tengrela South Tiorotieri Boundiali Mankono Fapoha Sud Didevi Fapoha ord Diaouala ielle Landounou Dabakala Kouassi-Datekro Permits held Permits under application Bongobo Toumodi Djekanbrou Agnansue Affery Akoupe Adzope Attobrou Abidjan 300km

6 Fapoha permit plan and section Fapoha Oubolo orth target: Large soil anomaly in pressure shadow of g/diorite. Reconnaissance AC drilling returns 87m wide anomalous zone including: 1.55g/t incl. 3.86g/t 3km Oubolo South target: Linear soil anomaly along belt/basin contact. Reconnaissance AC drilling return broad anomalism: 0.45g/t and 0.40g/t Fapoha South aircore drill section QUAC g/t incl 3.86g/t 87m wide alteration and mineralised zone 50m Contact between volcanics and sediments QUAC g/t incl 1.56g/t Gold g/t 0.1 to to to to 4.0 >=4.0 Mankono permit Priority 2 Gbongobo Regional soil anomaly defined over 6km Associated with regional fold with phyllites on limbs and quartzites in core Quartz tourmaline veining Detailed soil sampling in progress 10km Priority 1 Bafretou Detailed soil sampling defines multiple sub parallel soil anomalies over 15km Preliminary drilling and trenching return multiple anomalous zones associated with shearing in a thick package of andesites Ground magnetic survey in progress Further validation of soil anomalies with phase 2 drilling and trenching

7 Safety Tongon mine has achieved lost time injury free hours 2.5 Lost Time Injury Frequency Rate Q Corporate Social Responsibility Microfinance Project financing the following villages: Kapekaha, Katonon, Kofiple, Korokara, Mbengue, Poungbe, Tongon 236 borrowers supported by the project 53% are female members Current rate of reimbursement to PAMFCI 98.4%

8 The os Vies en Partage Foundation beneficiaries in Côte d Ivoire Money raised by the bike ride was donated to the Grand Bassam Orphanage, the Don Orione Centre, The Saint Camille Psychiatric Hospital, the Wi Pile Sanga Group for children and the ational Association for Children in Danger Disclaimer CAUTIOARY OTE REGARDIG FORWARD-LOOKIG STATEMETS: Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934, and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, the estimation of mineral reserves and resources, the realisation of mineral reserve estimates, the timing and amount of estimated future production, costs of production, reserve determination and reserve conversion rates. Generally, these forward-looking statements can be identified by the use 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 of such words and phrases or state that certain actions, events or results may, could, would, might or will be taken, occur or be achieved. Assumptions upon which such forward-looking statements are based are in turn based on factors and events that are not within the control of Randgold Resources Limited ( Randgold ) and there is no assurance they will prove to be correct. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Randgold to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to mining operations, including political risks and instability and risks related to international operations, actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, as well as those factors discussed in Randgold s filings with the US Securities and Exchange Commission (the SEC ). Although Randgold has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Randgold does not undertake to update any forward-looking statements herein, except in accordance with applicable securities laws. CAUTIOARY OTE TO US IVESTORS: 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 parts 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. Competent persons: COMPETET PERSOS: Yalea and Gara mineral resources from Loulo were calculated by Mr Abdoulaye gom, an officer of the company, under the supervision of Mr Jonathan Kleynhans, an officer of the company and competent person. Loulo 3 and Baboto mineral resources from Loulo were calculated by Mr Ivan Doku, an independent consultant, and reviewed by Mr Jonathan Kleynhans, an officer of the company and competent person. Faraba mineral resources from Gounkoto were calculated by Mr Jonathan Kleynhans, an officer of the company and competent person. Tongon mineral resources were calculated by Mr Mamadou Ly and Mr Babacar Diouf, both officers of the company, under the supervision of Mr Jonathan Kleynhans, an officer of the company and competent person. Morila mineral resources were calculated by Mr Adama Kone, an officer of the company, under the supervision of Mr Jonathan Kleynhans, an officer of the company and competent person. Kibali mineral resources were calculated by Mr Ernest Doh, an officer of the company and competent person. Morila open pit resources were calculated by Miss Paula Oligive, an independent consultant, under the supervision of Mr Jonathan Kleynhans, an officer of the company and competent person. Gounkoto mineral resources were calculated by Mr Fredrick de Bruin, an independent consultant, under the supervision of Mr Jonathan Kleynhans, an officer of the company and competent person. Mr Johan Kleynhans and Mr Rodney Quick are members of SACASP and both have sufficient experience in the style of mineralisation and types of deposits under consideration and the activity which they are undertaking as competent person as defined in the 2004 addition in the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves. The Loulo, Tongon, Morila and Gounkoto open pit mineral reserves were calculated by Mr Shaun Gillespie, an independent consultant and competent person and member of SAIMM. Kibali open pit mineral reserves were generated by Mr icholas Coomson, an officer of the company and competent person and member of AusIMM. Loulo underground reserves were calculated by Mr Mamou Toure, an officer of the company, and reviewed by Mr Mark Odell, an independent consultant and competent person and practising professional engineer. Massawa mineral reserves remain unchanged from last year and were calculated by Mr Onno ten Brinke, an independent consultant and competent person and member of AusIMM, and reviewed by Mr Rodney Quick, an officer of the company and competent person. The Kibali underground mineral reserves were calculated by Mr Tim Peters of Piran Mining and reviewed by Mr Dan Donald of Mine RP, both independent consultants and competent person and members of AusIMM. All competent person have sufficient experience in the style of mineralisation and types of deposits under consideration and the activity which they are undertaking as competent person as defined in the 2004 addition in the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves.Cautionary note to US investors: The United States Securities and Exchange Commission (the SEC) permits mining companies, in their filings with the SEC, to disclose only proven and probable ore reserves. Randgold uses certain terms in this report such as resources that the SEC does not recognise and strictly prohibits the company from including in its filings with the SEC. Investors are cautioned not to assume that all or any parts of the company s 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.