Exhibit 99.1
DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
JSE share code: DRD
ISIN: ZAE000058723
NYSE trading symbol: DRD
(“DRDGOLD”)
TRP RULING ON THE WAIVER OF THE MANDATORY OFFER
Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear
the same meanings ascribed thereto in the circular to DRDGOLD shareholders, dated Monday,
26 February 2018 (“Circular”).
1. Introduction
Shareholders are referred to the announcement published on SENS on Wednesday,
28 March 2018, wherein Shareholders were advised of the results of the General Meeting in
relation to the Transaction.
Shareholders were advised that the Ordinary Resolution approving the Waiver of Mandatory Offer
was approved by the requisite majority and that an application would be made to the TRP to
obtain a ruling with regard to the Waiver.
2. TRP Ruling on the Waiver
Shareholders are advised that following the submission of an application for an exemption from
the obligation of Sibanye-Stillwater to make a mandatory offer to the holders of the remaining
DRDGOLD shareholders in terms of the TRP’s Guideline 2/2011 (“TRP Waiver Ruling”), the
TRP has granted the TRP Waiver Ruling.
The reasons for the granting of the TRP Waiver Ruling are available from the TRP on request by
any DRDGOLD shareholder. Shareholders are further advised that they may request the
Takeover Special Committee to review the TRP Waiver Ruling within five business days of this
announcement. Representations should be made in writing and delivered to:
by hand: The Executive Director, Takeover Regulation Panel, 1st Floor, Block 2, Freestone
Park, 135 Patricia Road, Atholl, 2196.
by post: The Executive Director, Takeover Regulation Panel, 1st Floor, Block 2, Freestone
Park, 135 Patricia Road, Atholl, 2196.
by fax: The Executive Director, Takeover Regulation Panel, +27 11 784 0062.
by email: The Executive Director, Takeover Regulation Panel, at
admin@trpanel.co.za
.
In order to be considered, the representations should reach the TRP by no later than the close of
business on Friday, 13 April 2018. The TRP waiver proceedings will be regarded as complete (i)
after the expiry of the aforesaid five business day period if no Shareholder/s requests the
Takeover Special Committee to review the TRP Waiver Ruling or (ii) on the date that the
Takeover Special Committee confirms the TRP Waiver Ruling if Shareholder/s requests the
Takeover Special Committee to review the TRP Waiver Ruling.
3. Update regarding the Transaction