Results for the quarter and year ended 31 December 2011

Sustainability… LTIFR Morila achieves an injury free year - more than 1.5 million lost time injury free hours At Loulo 4 LTI’s recorded during Q4 Occupational Health and Safety and Environmental management system audits carried out No LTI’s during the quarter at Gounkoto or Tongon LTIFR CURE container of medical supplies being shipped from US for Korhogo regional clinics in Côte d’Ivoire Donations to communities close to the Tongon mine in Côte d’Ivoire: farming implements to community women in all 8 communities Rehabilitated Mbengue college laboratory

Record Performance… Ounces 000s US$ million US$

Randgold Resources…highlights Profit up 259% year on year and 323% on Q4 2010 Cash increased by 33% year on year despite significant investments in capital projects Ounces produced up 58% year on year, reflecting increased production at all operations and commissioning of Gounkoto mine Ounces sold increased by 74% year on year Group cash operating costs per ounce in line with prior year Kibali development plan nears completion; operation increased to 6 million tpa Work continues on unlocking capacity through current expansion programmes at Loulo and Tongon Morila passes the 6 million ounce production mark and achieves more than 1 500 000 lost time injury free hours Proposed dividend increase of 100%

Randgold Resources… summary financials Unaudited quarter ended 31 Dec 2011 Unaudited quarter ended 30 Sept 2011 Unaudited quarter ended 31 Dec 2010 Unaudited 12 months ended 31 Dec 2011 Audited 12 months ended 31 Dec 2010 US $ 000s Gold sales * Total cash costs* Profit from mining activity* Exploration and corporate expenditure Profit for the period Profit attributable to equity shareholders Net cash generated from operations Cash and cash equivalents Gold on hand at period end# Group production**(ounces) Group sales**(ounces) Group total cash costs per ounce** *(US$) Group cash operating costs per ounce** *(US$) Basic earnings per share (US$) 313 624 140 525 173 099 12 115 136 207 115 502 155 368 487 644 12 845 189 548 188 271 746 661 1.26 309 610 135 147 174 463 9 298 122 865 106 779 124 540 432 837 8 748 182 362 181 017 747 666 1.17 144 851 83 407 61 444 12 337 32 213 26 802 762 366 415 40 858 132 099 108 856 766 692 0.29 487 669 289 043 198 626 47 178 120 631 103 501 107 789 366 415 40 858 440 107 413 262 699 632 1.14 1 131 400 514 514 616 886 43 925 433 435 377 084 569 860 487 644 12 845 696 023 718 762 716 641 4.13 Refer to Q4 2011 quarterly report for footnotes

Loulo Complex…update 35% increase in combined Q4 production from Loulo and Gounkoto of 117 321 ounces Average grade of ore produced increased by 29% to 4.5g/t due to high grade from Gounkoto mine Cash operating costs drop by 12% to $636/oz in Q4 Total cash costs increased 17% as a result of start of Yalea South push back Improved engineering maintenance and completion of new tailings line leads to increased plant availability Construction of the third mill is being completed and should increase the plant throughput up to targeted 4Mtpa Upgrade of power plant and tie-in with Gounkoto completed

Loulo-Gounkoto mines… combined results Quarter ended 31 Dec 2011 Quarter ended 30 Sept 2011 Quarter ended 31 Dec 2010 12 months ended 31 Dec 2011 12 months ended 31 Dec 2010 US $ 000s Ore milled (t 000s) Ore grade milled (g/t) Recovery % Ounces produced Cash operating costs* (US$/oz) Total cash costs* (US$/oz) Gold sales* (US$000) Profit from mining activity* (US$000) 914 4.5 88.7 117 321 636 731 191 178 107 414 864 3.5 89.0 87 070 721 818 150 242 77 859 829 3.3 90.7 80 332 725 799 104 800 41 054 3 619 3.4 88.1 346 179 731 822 549 569 264 155 3 158 3.4 92.5 316 539 647 712 363 717 140 717 Refer to Q4 2011 quarterly report for footnotes

Loulo mine…stand alone results Quarter ended 31 Dec 2011 Quarter ended 30 Sept 2011 Quarter ended 31 Dec 2010 12 months ended 31 Dec 2011 12 months ended 31 Dec 2010 US $ 000s Ore milled (t 000s) Ore grade milled (g/t) Recovery % Ounces produced Cash operating costs* (US$/oz) Total cash costs* (US$/oz) Gold sales* (US$000) Profit from mining activity* (US$000) 307 3.4 88.8 29 618 1 336 1 418 44 316 6 310 602 2.9 88.6 51 080 848 943 90 019 40 533 829 3.3 90.7 80 332 725 799 104 800 41 054 2 670 2.8 87.7 208 424 924 1 009 321 199 109 608 3 158 3.4 92.5 316 539 647 712 363 715 140 715 Refer to Q4 2011 quarterly report for footnotes

Loulo…Yalea underground mine 088L N FW DR Yalea open pit Improving development trend interrupted in Q4 by necessity to do waste stripping in decline and change in contractors Stoping started in Yalea North Section and decline into main decline holed as planned Installation of second primary fan completed Yalea N decline 113L N Stoping 113L Nth Decline VD2 113L N Stoping Yalea UG development Yalea orebody grade model Grade g/t 3.0 to 4.0 4.0 to 8.0 > 8.0 0.7 to 3.0

Loulo…Gara underground mine Service holes Vehicle crossover Dam XC Gara open pit Overall development decreased due to number of headings available and challenging conditions prior to commissioning of primary ventilation circuit Gara stoping started in November with 3 stopes being mined on 65 level 60 204 tonnes of ore at 5,3 g/t hauled to surface CD2 return 49L access CD3 VD3 Gara UG development Grade g/t 3.0 to 4.0 4.0 to 8.0 > 8.0 0.5 to 3.0 Gara orebody grade model

Scoping study on mineral resource inventory at Loulo… Ore Source Tonnes (Mt) Gold Grade (g/t) Ounces (Moz) CIL Recovery (%) Heap Leach Open pit potential 21.40 2.15 1.48 90 40 Gara and Yalea underground 26.48 3.90 3.32 36 Gounkoto and Loulo 3 underground potential 15.64 4.50 2.27 92 34 Total 63.52 3.46 7.07 91 Steps: Initial assessment  Heap Leach X Conventional CIL  Scoping Study and financial analysis 2012 Prefeasibility Study 2013

Gounkoto mine update… 87 703 ounces of gold produced at a grade of 5.1g/t and a total cash cost of US$ 522/oz in Q4 Crushing circuit commissioned on waste rock to prepare a pad for the stockpile Mining convention close to finalisation and expected to be signed in Q1 2012

Gounkoto stand alone results… Quarter ended 31 Dec 2011 Quarter ended 30 Sept 2011 Quarter ended 31 Dec 2010 12 months ended 31 Dec 2011 12 months ended 31 Dec 2010 US $ 000s Ore milled (t 000s) Ore grade milled (g/t) Recovery % Ounces produced Cash operating costs* (US$/oz) Total cash costs* (US$/oz) Gold sales* (US$000) Profit from mining activity* (US$000) 607 5.1 88.7 87 703 421 522 146 862 101 104 262 4.8 89.5 35 990 536 636 60 223 37 326 - 949 5.1 88.7 137 755 436 536 228 370 154 547 - Refer to Q4 2011 quarterly report for footnotes

Gounkoto resource model vs grade control model… Grade g/t The grade reconciliation indicates a variance of -2% for Q4 and -5% for YTD

Gounkoto Jog Zone…significant underground potential W E Gounkoto Jog Zone long section and representation of cross section showing actual intersections MZ2 14.2m @ 8.92 g/t MZ3 25m @ 8.32 g/t 8.4m @ 1.34 g/t S N 30m @ 17.35 g/t MZ1 31.7m @ 23.91 g/t BLOCK MODEL ASSAY (Au in g/t) 8.5m @ 0.12 g/t 19m @ 11.39 g/t < 0.5 1.0 to 3.0 3.0 to 5.0 5.0 to 10.0 > 10.0 0.5 to 1.0 55.50m @ 5.81g/t Inc: 8m @ 22.22 g/t 12.6m @ 6 g/t

Loulo district…a proven world class destination Baboto Gara Loulo 3 Yalea Senegal Mali Loulo Permit Dalema Permit Gounkoto Faraba Bambadji Permit Gold deposits Gold targets

Senegal…generating new targets at Massawa Delya 214 425oz @ 2.48g/t Massawa Tina 300 152oz @ 1.04g/t Kawsara 1 413 374oz @ 0.65g/t Tombo 46m @ 2.15g/t 50m @ 3.09g/t 15m @ 12.84g/t 34m @ 1.95g/t 12m @ 2.11g/t KB DDH: 4m @ 23.22g/t Sofia 1 037 530oz @ 1g/t Bambaraya 342 267oz @ 2.52g/t Samina RAB target 12km soil anomaly Kaya - Kaldou RAB targets 9km soil anomaly Saraba RAB targets 4km soil anomaly along MTZ Nouma RAB targets +4km soil anomaly Missira N 5km MTZ: 78km

Morila update… 69 737 ounces of gold produced – up 14% on previous quarter Total cash costs decreased to US$ 753/oz as a result of increase in ounces produced Record performance of 1,5 million LTI free hours Total of 44 hectares rehabilitated during 2011 as planned

Morila mine…results US $ 000s Quarter ended 31 Dec 2011 Quarter ended 30 Sept 2011 Quarter ended 31 Dec 2010 12 months ended 31 Dec 2011 12 months ended 31 Dec 2010 US $ 000s Ore milled (t 000s) Ore grade milled (g/t) Recovery % Ounces produced Cash operating costs* (US$/oz) Total cash costs* (US$/oz) Stockpile adjustment# (US$/oz) Attributable (40%): Gold sales (US$000)* Profit from mining activity* (US$000) 1 134 2.1 92.3 69 737 653 753 262 27 895 46 534 25 531 1 130 1.8 91.8 60 955 692 795 263 24 382 41 484 22 104 1 156 1.8 90.5 59 102 635 717 231 23 641 33 524 16 021 4 549 1.9 91.0 248 635 687 782 275 99 454 156 771 79 045 4 354 1.9 90.7 238 607 595 669 246 95 443 117 427 53 542 Refer to Q4 2011 quarterly report for footnotes

Tongon mine…update Decrease in mill throughput due to a number of unusual production issues led to a drop in production to 44 332 ounces of gold Improved pit conditions after the rains and enhanced management of mining operations led to a 63% increase in ore tonnes mined Flotation and fine-grind circuits were operated as proportion of sulphide fresh ore in mill feed increased Connection to national electricity grid was commissioned on 10 December 2011 Lower grade and recoveries, combined with lower throughput, resulted in lower production and a significant increase in cost per ounce

Tongon mine results… US $ 000s Quarter ended 31 Dec 2011 Quarter ended 30 Sept 2011 Quarter ended 31 Dec 2010 12 months ended 31 Dec 2011 12 months ended 31 Dec 2010 US $ 000s Ore milled (t 000s) Ore grade milled (g/t) Recovery % Ounces produced Ounces sold Cash operating costs* (US$/oz) Total cash costs* (US$/oz) Gold sales* (US$000) Profit from mining activity* (US$000) 606 2.7 85.1 44 332 45 864 730 780 75 912 40 154 755 3.2 90.9 70 910 68 154 585 637 117 884 74 500 355 2.7 92.2 28 126 4 698 418 459 6 527 4 369 2 963 2.9 91.2 250 390 271 922 510 557 425 060 273 686 355 2.7 92.2 28 126 4 698 418 459 6 527 4 369 Refer to Q4 2011 quarterly report for footnotes

Côte d’Ivoire, Senoufou Belt …exploration upside Tongon NZ N Tongon West 142 Koz @ 1.61 g/t Tongon SZ Jubula 80 Koz @ 1.1 g/t Sekala 134 Koz @ 1.38 g/t Seydou SZ 116 Koz @ 1.85 g/t Djini Seydou SZ W Zone 11 Koz @ 2.29 g/t Nafoun Soumo Daoudavogo New near mine targets New targets Satellite deposits potential combined inventory: 480 000oz at 1.48g/t

Côte d’Ivoire… getting back into the field Dabakala Diaouala Nielle Tengrela South Boundiali Fapoha Mankono Dignago Appouasso Boundiali Permit N Diaouala Permit gold targets along strike from Gryphon Minerals deposits Foukoura 0.3 Moz @ 2.1g/t Nogbele 1.2Moz @ 2.2g/t 10km Gold targets 10km Soil Geochemistry Geology

Kibali update… Optimised feasibility study completed Plant throughput of 6 million TPA Mining operation comprise open pits and underground supported by a vertical ore hosting shaft and a twin decline system Construction phase has started with bulk earth works Relocation action plan (RAP) progressing on schedule Grade control drilling has begun on KCD area Current LOM plan envisages approximately 600 000 ounces of production per annum from 2014 for the first 12 years (4.1g/t)

Kibali…integrated mine design Boxcut Open pit Decline Shaft 5000 lode 9000 lode Mine design Haulage level Crusher and Pumping stations 1km

Kibali…6mtpa processing facility Twin stream plant – one with a dedicated CIL circuit Headgear and shaft design

Kibali development schedule… RAP 2012 2013 2014 Q4 Q3 Q2 Q1 Mining Open Pit Decline Shaft Hydropower Infrastructure Phase 1 Phase 2 Tailings storage facility Metallurgical plant Commissioning and Production

Kibali Exploration… another world class address Kalimva Ikamva N Abimva North East Kulikongo Abimva Oere Gambari Rambi Kiasi Mofu Lulu North/South Hotel KCD Dembu fold KCD Renzi Zambula West Aindi Watsa Zambula Ogagu Gold deposit Gold target 10km Au ppb

Kibali… Zambula and Kalimva-Ikamva magnetic data and results Zambula Target Ikamva Historic drilling 10.5 @ 8.0g/t 9m @ 3.73g/t 4m @ 6.4g/t Lithosamples: 4.98g/t, 2.75g/t, 2.0g/t, 1.69g/t. Horizontal channels: 3m @ 2.86g/t 6m @ 3.95g/t Historic drilling: 10.5m @ 2.18g/t 8.95m @ 8.07g/t 11.8m @ 4.5g/t Channel sample 10m @ 2.76g/t inc. 4m @ 4.26g/t Completed hole: Adit channel: 5.1m @ 4.27g/t from 13m to 18.1m Litho 13.9g/t, 4.62g/t 5.6g/t, 3.97g/t 8.01g/t, 1.31g/t

5 Year production forecast… growing value per share g/t US$ /oz Oz 000s Total cash cost/oz 700 600 500 400 300 200 100 Grade g/t act Total cash cost/oz

Randgold Resources… delivering on our Pure Gold plan Ounces US$

Randgold Resources… creating value through the discovery and development of world class gold deposits Randgold Resources Randgold Newmont Goldcorp Iamgold Goldfields Barrick AngloGold Kinross 2011

Disclaimer… CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934, and applicable Canadian securities legislation.  Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, the estimation of mineral reserves and resources, the realisation of mineral reserve estimates, the timing and amount of estimated future production, costs of production, reserve determination and reserve conversion rates. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “will”, “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Assumptions upon which such forward-looking statements are based are in turn based on factors and events that are not within the control of Randgold and there is no assurance they will prove to be correct. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Randgold (including Kibali) to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the integration of Randgold and Moto, risks related to mining operations, including political risks and instability and risks related to international operations, actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, as well as those factors discussed in the section entitled “Risk Factors” in Randgold’s annual report on Form 20-F for the year ended 31 December 2010 which was filed with the US Securities and Exchange Commission (the “SEC”) on 31 March 2011, in the section entitled “Risk Factors” in Randgold’s prospectus published on 30 November 2009 in relation to the indirect acquisition of 10 per cent of the issued capital of Kibali Goldmines SPRL.  Although Randgold has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Randgold does not undertake to update any forward-looking statements herein, except in accordance with applicable securities laws. CAUTIONARY NOTE TO US INVESTORS: the SEC permits companies, in their filings with the SEC, to disclose only proven and probable ore reserves. We use certain terms in this release, such as “resources”, that the SEC does not recognise and strictly prohibits us from including in our filings with the SEC. Investors are cautioned not to assume that all or any parts of our resources will ever be converted into reserves which qualify as ‘proven and probable reserves’ for the purposes of the SEC’s Industry Guide number 7. Randgold Resources reports its Mineral Resources and Ore Reserves in accordance with the JORC code and are equivalent to National Instrument 43-101.  The reporting of Ore Reserves is also in accordance with Industry Guide 7.  Ore Resources consist of insitu tonnes and grade carried out at US$1,000/oz optimisations.  Ore Reserve pit and underground optimisations are carried out at a gold price of US$700/oz.  Dilution and ore loss are incorporated into the calculation of reserves.  Addition of individual line items may not sum to sub totals because of the rounding off to two decimal places. Mineral Resources are inclusive of Mineral Reserves.  Loulo Mineral Resources were calculated by Mr Chiaka Berthe an officer of the company under the supervision of Mr Rodney Quick a Qualified person and officer of the company. Morila Mineral Resources were calculated by Mr Adama Kone an officer of the company under the supervision of Mr Rodney Quick a Qualified person and officer of the company. The Tongon and Massawa Mineral resources were calculated by Mr Babacar Diouf a Qualified Person and officer of the company. The Kibali Mineral resources were calculated by Mr Rick Adams an independent Qualified person and director of Cube Consulting Pty Ltd. The Loulo Mineral reserves were calculated by Mr Samuel Baffoe, Mr Alexander Oduro and Mr Chris Moffat, all officers of Randgold, under the supervision by Mr Onno ten Brinke a Qualified person and officer of the company. Gounkoto,Tongon and Massawa Mineral reserves were calculated by Mr Onno ten Brinke a Qualified person and officer of the company.  The Mineral reserves of Morila were calculated by Mr Stephen Ndede a Qualified Person and officer of the company.  The Kibali open pit mineral reserves were calculated by Mr Quinton de Klerk a director of Cube Consulting Pty Ltd and independent Qualified Person. The Kibali underground mineral reserves were calculated by Mr Paul Kerr an officer of SRK Consulting Perth and an independent Qualified Person.