• Randgold Resources reports its Mineral Resources and Ore Reserves in accordance with the JORC code. The reporting of Ore Reserves is also in accordance with Industry Guide 7.
  
• Pit optimisation is carried out at a gold price of US$650 per ounce; underground reserves are also based on a gold price of US$650 per ounce.
  
• 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”) permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Randgold Resources uses certain terms in this annual report, such as “resources” that the SEC guidelines strictly prohibit the company from including in its filings with the SEC.
  
• Addition of individual line items may not sum to sub totals because of rounding off to two decimal places.
  

See glossary of terms on website at www.randgoldresources.com

1)Gold pour at Loulo.