…investing for pure gold profits BMO Capital Markets Feb 2008

Randgold Resources…a pure gold company with a focus on creating value Market cap in 1997 US$ 147 million Market cap in 1997 US$ 147 million Market cap in 2008 US$ 3.5 billion Market cap in 2008 US$ 3.5 billion Purpose: Incorporated: Secondary Listing 2002: Primary Listing 1997: Shares outstanding: Balance sheet strength: cash and financial assets Balance sheet strength: cash and financial assets US$ million 76.1 million Nasdaq…Symbol: GOLD LSE…Symbol: RRS Jersey, Channel Islands in 1995 To create value for all shareholders by finding and converting world class gold deposits into profits value time

Discovered 3 multi million ounce orebodies, financed and developed 2 world class gold mines with the third in progress… West Africa Mali Senegal Cote D’Ivoire Burkina Faso Ghana Bamako Loulo Gold Mine Senegal Mali Côte d’Ivoire Ghana Tanzania Burkina Faso Morila Gold Mine Tongon Development Project Tongon Development Project

Morila Mine…the company maker, still delivering returns ounces produced ounces produced Dividends: investing companies Dividends: Government of Mali Royalties Corporate tax Distribution of returns…benefiting all stakeholders

Mali South…the hunt continues Kalana Mine Yanfolila Belt Yanfolila Shear Banifing Shear Bougouni terrane Bougouni Belt Syama Shear 50km Syama Mine N Morila mine

Loulo Gold Mine…long life asset with significant upside Tonnes processed (t 000s) Head grade milled (g/t) Recovery % Ounces produced Attrib. ounces produced Cash operating costs ($/oz) Total cash costs ($/oz) Profit from mining activity ($000) Gold sales ($000) months ended 31 Dec months ended 31 Dec months ended 31 Dec months ended 31 Dec 2007 actual production actual production forecast production forecast production ounces 000’s total profits $50m $100m

Loulo…four mines in one Loulo mine layout Gara U/G Gara Open PitYalea Open Pit Yalea U/G 1 075m4 000m Plant N Gara Pit Gara U/G Yalea U/G Yalea Pit Sections through Loulo pit with planned underground development

Yalea Underground…scheduled to intersect the orebody this quarter AprMayJunJulAugSepOctNovDecJanFebMar metres developed ActualPlan Competent ground intersected Weathered ground intersected Yalea boxcut We are here First ore from development P125 pit 620m 100mbs

Loulo Region…a dominant land position within the highly prospective Kenieba inlier Bambadji Loulo Bena Dalema Yalea Gara Selou Randgold Resources permits Loulo Bena Tomboronkoto Bambadji JV Miko Kounemba Kanoumering SENEGAL MALI Kedougou Saraya 100 Km Dalema Miko Gold targets Kanoumering Tomboronkoto Kounemba Proposed railway line GUINEA to Dakar 20km N Massawa Baboto Loulo 3 Faraba

Senegal…Massawa emerges as a significant new drill target DDH001: 1.60g/t incl 5.20g/t 6.70g/t 8.76g/t DDH g/t incl 3.88 g/t DDH003: 3.78g/t 5.47g/t 2.60g/t DDH004: 1.60g/t incl 3.97g/t DDH005: 2.70g/t incl 5.53g/t 6.90g/t incl 28.4g/t 7.89g/t DDH006: 11.80g/t 1.70g/t incl 5.70g/t 4.10g/t 2.45g/t 1.60g/t incl 3.31g/t DDH007: 5.81g/t incl 95.5g/t; 1.15g/t 3.59g/t 500m N RAB155: 0.71g/t incl 4.27g/t RAB156: 3.03g/t incl 9.81g/t RAB157: 1.70g/t RAB158: 0.33 g/t RAB100: 1.45g/t RAB101: 2.90g/t incl RAB102: 8.58 g/t incl 58.7 g/t Phase 1 Phase 2 RAB drilling:

Côte d’Ivoire, host to Randgold Resources’ third mine development…the Tongon Project Boundiali Dabakala Mankono Apouasso Dignago Tiasso target Tongon East Tongon South targets Nielle 300km Tongon South Tongon East Soloni A & B Koro N Koro 4.4 Moz Tongon Project: Poungbe Tongon Far South Nafoun Nafoun N Nafoun E Yvette Yvette S Koulivogo Tiebila E Oleo S Oleo N 5km Nielle Permit: Geology with gold targets Nielle Permit: Geology with gold targets N Trenches: 8.37g/t 2.06g/t and 12.86g/t and 2.00g/t

Tongon Project…value creation through discovery and development Impact of gold price Tongon… forecast annual gold production Year Oz 000s Open pit mineable resource of 38.7Mt at a grade of 2.24g/t; includes probable reserves of 21.9Mt at 2.29g/t Strip ratio: 3.8:1 Production of tpm in unweathered rock; tpm in weathered rock Recoveries: 95% in oxide 90% in transitional ore % in sulphide ore Estimated LOM total cash cost per oz US$359 Estimated LOM capital costs of US$267 million (including sustaining capital and mining fleet) IRR % IRR NPV 0 % NPV 5% NPV 10% US$m

Constant investment in exploration supplies an ongoing pipeline of opportunities… Total = 171 MaliSenegal follow-up targets identified Targets regional exploration Tanzania Burkina Faso Cote d’Ivoire Ghana Kiaka Deposit geological estimate 2 Moz Kiaka Deposit geological estimate 2 Moz Morila Mine, Mali Loulo Mine, Mali Loulo U/G development, Mali Tongon development, Côte d’Ivoire reserve definition measured & indicated resources inferred resources Massawa Project Senegal Massawa Project Senegal advanced targets Tanzania Ghana Burkina Faso Burkina Faso

Reserve growth underpinned by exploration success… Resources (attrib.) Ounces mined (attrib.) Mineral Resources total measured and indicated total inferred Ore Reserves total proved and probable Tonnes (Mt) Tonnes (Mt) Grade (g/t) Grade (g/t) Gold (Moz) Gold (Moz) Gold (attrib Moz) Gold (attrib Moz) as at 31 Dec 2006 as at 31 Dec Tongon 1.29Moz Yalea S Ext oz (potentially mineable) Gara S oz Tongon 1.61 Moz Added in 2007 Added in 2007 as at 31 Dec 2006 Moz Reserves (attrib.)

Randgold Resources…delivers profits and grows production in a declining industry Gold mining industry: declining production LouloMorilaTongon Oz 000’s Randgold Resources attributable production forecast Randgold Resources attributable production forecast tonnes 07

Randgold Resources …a strong finish to 2007 US $ 000s Gold sales # Total cash costs* Profit from mining activity* Exploration and corporate expenditure Profit before income tax Net profit Net profit attrib to equity shareholders Net cash generated from operations Cash and financial assets Attributable production**(ounces) Group total cash costs per ounce** *(US$) Group cash operating costs per ounce** *(US$) months ended 31 Dec months ended 31 Dec 2006 # Gold sales does not include thee non cash profit/(loss) on the roll forward of hedges * Refer to explanation of non-GAAP measures provided ** Randgold Resources consolidates 40% of Morila and 100% of Loulo months ended 31 Dec 2005 (Restated)+

Market buys pure GOLD… Randgold Resources, Agnico Eagle, Peter Hambro, Iamgold Randgold Resources, Barrick, Yamana, AngloGold Ashanti, Newmont, Gold Fields 1 year Randgold Resources Randgold Resources

What differentiates Randgold Resources?... Driven by a strategy to be a pure gold company A team with a proven track record of exploration, evaluation, development and production A prospective groundholding to continue our organic growth A growing production profile based on defined gold ounces in the ground We rate all acquisition and corporate opportunities against our own organic growth prospects Randgold Resources offers profitable gold production geared to growth and the gold price

disclaimer… The presentation is not for distribution in, nor does it constitute any offer of securities for sale. Statements made in this presentation with respect to Randgold Resources’ current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Randgold Resources. These statements are based on management’s assumptions and beliefs in light of the information currently available to it. Randgold Resources cautions you that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, and therefore you should not place undue reliance on them. The potential risks and uncertainties include, among others, risks associated with: fluctuations in the market price of gold, gold production at Morila and Loulo, the development of Loulo and estimates of resources, reserves and mine life. For a discussion on such risk factors refer to the annual report on Form 20-F for the year ended 31 December 2006 which was filed with the U.S. Securities and Exchange Commission on 25 June Randgold Resources undertakes no obligation to update information in this presentation.