Restricted Stock Award: Non Executive Directors

RANDGOLD RESOURCES LIMITEDIncorporated in Jersey, Channel IslandsReg. No. 62686LSE Trading Symbol: RRSNasdaq Trading Symbol: GOLD

("Randgold Resources" or the "company")

RESTRICTED STOCK AWARD: NON EXECUTIVE DIRECTORS

London, United Kingdom, 23 February 2011 - Randgold Resources Limited announces that in terms of the company's remuneration for non-executive directors approved by shareholders at the Annual General Meeting on 4 May 2010, an award of 1 200 restricted shares is made each year to each non-executive director. The price of the 2011 restricted stock calculation was the Nasdaq Global Select Market closing price on 3 January 2011, being US$81.60.

In terms of the 2009 award the third and final tranche of 400 shares has been issued to the beneficial account of each non-executive director.

In terms of the 2010 award the second tranche of 400 shares has been issued to the beneficial account of each non-executive director. A further 400 shares have been issued and will remain in the restricted stock account of each non-executive director. Non-executive directors will be entitled to the third tranche of the 2010 award, subject to agreed conditions, on 1 January 2012.

In terms of the 2011 award the first tranche of 400 shares has been issued to the beneficial account of each non-executive director. A further 800 shares have been issued and will remain in the restricted stock account of each non-executive director. Non-executive directors will be entitled to the second and third tranches of the 2011 award, subject to agreed conditions, on 1 January 2012 and 1 January 2013 respectively.

The change in non-executive directors' holdings in the company is as follows:

Randgold Resources Enquiries:

Website: www.randgoldresources.com