RESULTS OF GENERAL MEETING

Central Rand Gold Limited

(Incorporated as a company with limited liability under the laws of Guernsey, Company Number 45108)

(Incorporated as an external company with limited liability under the laws of South Africa, Registration number 2007/0192231/10)

ISIN: GG00B92NXM24

LSE share code: CRND JSE share code: CRD

("Central Rand Gold" or the "Company")

RESULTS OF GENERAL MEETING

Shareholders are hereby advised that at the General Meeting ("GM") of Central Rand Gold held at 13:00 on Monday, 19 August 2013 (UK time), all resolutions were passed by shareholders by poll.

At the GM the following resolution was put to the meeting as an ordinary resolution (and was taken on a poll of shareholders unconnected with Redstone Capital Limited):

1. THAT, subject to the passing of Resolutions 2 and 3, the waiver granted by the Panel of the obligation that would otherwise arise on Redstone Capital Limited to make a general offer to the shareholders of the Company pursuant to Rule 9 of the Takeover Code as a result of the issue of shares to Redstone Capital pursuant to the conversion of Loan Notes, the exercise of Warrants and the issue of Ordinary Shares pursuant to the Option Agreement, as described in the Circular to Shareholders of which this notice forms part, be and is hereby approved.

The following resolutions were put to the meeting as extraordinary resolutions:

2. THAT, subject to the passing of Resolutions 1 and 3, the Directors be and are hereby authorised to cancel the listing of the Ordinary Shares on the premium segment of the Official List of the Financial Conduct Authority and to remove such Ordinary Shares from trading on the London Stock Exchange plc's Main Market for listed securities and to apply for admission of the Ordinary Shares to trading on AIM, a market operated by the London Stock Exchange plc, to subsequently transfer the South African listing of the Ordinary Shares from the Main Board of the JSE to the AltX and that the Directors be and are authorised to take all such steps which are necessary or desirable in order to effect such cancellation and application accordingly.

3. THAT, subject to the passing of Resolutions 1 and 2, the Directors be and are hereby empowered to allot equity securities wholly for cash pursuant to the authority conferred by Article 4.1 and Article 10.6 of the Articles as if Article 10.1 of the Articles did not apply to any such allotment, provided that this power shall be limited to the allotment of equity securities:

(a) up to a maximum aggregate nominal amount equal to £1,651,388.59 (being approximately 516 per cent. of the issued ordinary share capital of the Company as at 1 August 2013) pursuant to the conversion of Loan Notes, the exercise of Warrants and the issue of Ordinary Shares pursuant to the Option Agreement, as described in the document to Shareholders of which this notice forms part;

(b) in connection with an offer of such securities by way of rights to holders of shares in proportion (as nearly as may be practicable) to their respective holdings of such shares, but subject to such exclusions or other arrangements as the Directors may deem necessary or expedient in relation to fractional entitlements or any legal or practical problems under the laws of any territory, or the requirements of any regulatory body or stock exchange or otherwise; and

(c) otherwise than and in addition to pursuant to sub-paragraphs (a) and (b) of this resolution up to a maximum aggregate nominal amount equal to £15,996.72 (being approximately 5 per cent. of the issued ordinary share capital of the Company as at 1 August 2013,

and provided that this authority shall expire on the 15 month anniversary of the date of this resolution or on the conclusion of the Company's next general meeting if earlier save that the Company may, before such expiry make an offer or agreement which would or might require equity securities to be allotted after such expiry and the directors may allot equity securities in pursuance of any such offer or agreement notwithstanding that the power conferred hereby has expired and in this resolution the expression ''equity securities'' and references to the "allotment of equity securities" shall bear the same respective meanings as in Article 1.1 of the Articles.

The Notice of General Meeting is available on the Company's website at www.centralrandgold.com and has been submitted to the National Storage Mechanism where it will be available shortly at www.morningstar.co.uk/uk/nsm.

For further information, please contact:

Central Rand Gold +27 (0) 87 310 4400

Johan du Toit / Patrick Malaza

Charles Stanley Securities Limited +44 (0) 20 7149 6000

Marc Milmo / Mark Taylor

Merchantec Capital +27 (0) 11 325 6363

Marcel Goncalves / Monique Martinez

Buchanan +44 (0) 20 7466 5000

Bobby Morse/Louise Mason

www.buchanan.uk.com 

Jenni Newman Public Relations Proprietary Limited +27 (0) 11 506 735

Jenni Newman

Johannesburg

19 August 2013

JSE Sponsor

Merchantec Capital