Delivering growth with a focus on value… Deutsche Bank BRICS Conference, November 2010

Building shareholder value… Morila Mine, Mali Loulo Open Pit Mine, Mali Loulo- Yalea Underground Mine, Mali Tongon Mine, Côte d’Ivoire Value Loulo- Gara Underground Mine, Mali Gounkoto Development Project, Mali Kibali Updated Feasibility, DRC Massawa Feasibility, Senegal Exploration Portfolio drives organic growth and value creation Discovery Development Production

Randgold Resources...an African focused, integrated pure gold business Loulo Mine.. destined to be the centre of mega mine complex Gounkoto feasibility… complete end 2010 and site establishment in Jan 2011 ! Morila Mine continues to contribute to Group cashflow Massawa feasibility makes progress Kibali JV…start of construction targeted for 2011 Tongon Mine commissions

Randgold Resources…building a sustainably profitable gold business Quarter ended 30 Jun 2010 Quarter ended 31 Mar 2010 Quarter ended 30 Jun 2009 6 months ended 30 Jun 2010 6 months ended 30 Jun 2009 US $ 000s Gold sales * Total cash costs* Profit from mining activity* Exploration and corporate expenditure Profit before income tax and financing activities Profit for the period Profit attributable to equity shareholders Net cash generated from operations Cash and cash equivalents Attributable production**(ounces) Group total cash costs per ounce** *(US$) Group cash operating costs per ounce** *(US$) 103 411 62 466 40 945 10 137 26 314 36 369 34 376 40 966 487 164 93 880 665 604 123 103 69 529 53 574 12 854 29 110 23 894 18 749 18 733 506 823 112 663 617 553 103 626 58 089 45 537 12 787 26 477 18 924 14 946 17 541 219 987 121 685 477 428 226 514 131 995 94 519 22 991 55 424 60 263 53 125 59 699 487 164 206 543 644 581 191 569 108 919 82 650 23 823 48 240 32 016 25 998 45 853 219 987 231 998 469 421 * Refer to explanation of non-GAAP measures provided in the published quarterly report ** Randgold Resources consolidates 40% of Morila and 100% of Loulo

Morila Mine…still paying dividends Quarter ended 30 Jun 2010 Quarter ended 31 Mar 2010 Quarter ended 30 Jun 2009 6 months ended 30 Jun 2010 6 months ended 30 Jun 2009 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) 1 110 1.8 90.6 58 736 584 658 262 23 495 28 973 13 262 980 2.2 91.0 62 594 504 569 185 25 038 27 166 12 914 1 089 2.7 91.7 86 061 408 463 88 34 424 31 667 15 730 2 090 2.0 90.8 121 330 543 612 230 48 533 56 139 26 176 2 142 2.9 92.0 184 779 368 423 29 73 911 67 317 36 061   * Refer to explanation of non-GAAP measures provided in the published quarterly report # The stockpile adjustment per ounce reflects the charge expensed/(credit deferred) in respect of stockpile movements during the period divided by the number of ounces produced. The total cash cost per ounce include non-cash stockpile adjustments.

RRL…a dominant position in a world class terrain with significant new infrastructure being developed 5 Km MALI Faraba P64 Loulo 3 Loulo 1 Baboto Loulo Kolya Bena Bambadji Dalema Loulo 2 SENEGAL Gara Yalea Mananord Gounkoto Toronto Mali Senegal N Massawa discovery Northern Zone Loulo district Central Zone MALI to Dakar Millenium Highway Miko Kanoumba Loulo SENEGAL Saraya 1000m Tomboronkoto Dalema Bena Kedougou Bambadji JV Randgold Resources permits 100 Km

Loulo mine…focussed on delivery Quarter ended 30 Jun 2010 Quarter ended 31 Mar 2010 Quarter ended 30 Jun 2009 6 months ended 30 Jun 2010 6 months ended 30 Jun 2009 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) 712 3.4 91.4 70 385 610 668 74 438 27 683 794 3.7 93.1 87 625 567 631 95 937 40 660 699 5.0 78.0 87 261 435 483 71 959 29 807 1 506 3.5 92.2 158 010 586 647 170 375 68 343 1 384 4.4 82.3 158 087 446 491 124 252 46 589 Refer to explanation of non-GAAP measures provided in the published quarterly report Randgold owns 80% of Loulo with the Government of Mali owning 20%. The Government’s share is not a free carried interest. Randgold has funded the Government portion of the investment in Loulo by way of shareholder loans and therefore controls 100% of the cash flows from Loulo until the shareholder loans are repaid. Randgold consolidates 100% of Loulo and shows the non-controlling interest separately.

Loulo Mine…Yalea UG update YALEA PIT P125 PIT 028L Stoping 038L Stoping 013L Stoping 038L Incl FW Dr S 013L Stoping 038L Stoping 113L Access 038L S/D N 063L S/D N & S Q2..1501m development completed and 123 880t @ 3.88g/t hauled to surface 088L Access Declines have advanced to 1793m from surface and a vertical depth of 304m Development PURPLE PATCH Qtr 1 2010 Qtr 2 2010 Focus on ventilation and 38 Level crushing

Loulo Mine…Gara UG update Portal development commenced and a total development of 265m now completed GARA PIT First development ore planned for end Q4

Gounkoto project…another world class discovery Progressing feasibility study for completion at the end of Q4 2010 Environmental, social and health base line studies complete EIA compilation complete and filed Public Participation Process completed Encouraging drill results at base of current pit design yield potential for more reserves and resources Metallurgically uncomplicated, with significant presence of gravity recoverable gold, but ore is hard Options for development are being evaluated with a focus on synergies offered by the Loulo operation to Gounkoto

Gounkoto…latest drill results highlight potential for additional in pit reserves GKDH019 38.3m @ 12.22g/t GKDH038 20.3m @ 2.43g/t GKDH219 12.3m @ 4.92g/t GKDH212 12.5m @ 36.05g/t GKDH132 6.9m @ 3.14g/t GKDH184 17.5m @ 4.12g/t Pit (US$700/oz) -300m GKDH021 53.6m @ 13.93g/t GKDH200 8.78m @ 8.05g/t GKDH075 3.8m @ 19.99g/t GKDH220 26.8m @ 19.39g/t GKDH106 19m @ 11.39g/t GKDH271 31.7m @ 23.91g/t GKDH203 6.6m @ 20.40g/t GKDH087 28.85m @ 6.51g/t GKDH092 29.2m @ 12.93g/t GKDH098 34.6m @ 11.54g/t Grade g/t 0 - 0.5 0.5 – 1 1 – 3 3 – 5 5 – 10 10 – 20 20 - 35 Mineral Reserves Mineral Resources probable meas & ind inferred 500m 1.64 Moz @ 6.83 g/t 1.96 Moz @ 7.28 g/t 0.92 Moz @ 6.00 g/t

Senegal…Massawa feasibility project update Feasibility study well advanced Environmental, health and social baseline studies have been completed for inclusion in the environmental impact assessment Two distinct metallurgical domains confirmed by gold deportment study A dedicated metallurgical drilling programme has been completed Completion of feasibility will be pushed out to 2011 to allow time for testwork on the pressure oxidation method of releasing gold from sulphides Alternative power generation options are being explored to support the pressure oxidation process

Total mineral resource of 3.01Moz @ 3.96g/t Massawa…significant satellite targets highlight potential for additional resources with less complex metallurgy DELYA SOFIA DLTR003: 11m @ 9.6g/t DLTR005: 4.5m @ 7.5g/t DLTR006:7.5m @ 6.39g/t DLRAB030: 15m @ 6.65g/t DLDDH002: 10m @ 5.42g/t DLDDH004: 3.8m @ 4.81g/t TINA BAKAN SFRC001: 25m @ 2.97g/t incl 4m @10.66g/t SFRC007: 23m @ 3.87g/t incl 8m @ 8.9g/t SFRC008: 34m @ 2.94g/t incl 8m @ 9.52g/t SFRC009: 24m @ 3.58g/t incl 8m @ 7.67g/t TNTR002: 32m @ 1.15g/t TNTR003 : 32m @ 1.22g/t BKTR002: 52m @ 1.6g/t BKTR006: 79m @ 1.68g/t NE MIKO KANOUMBA PERMIT TIZIA N 26.4Km KAWSARA KC3D: 6m @ 4.8g/t KC6D: 4.5m @ 1.5g/t KC8D : 13.5m @ 1.7g/t KC9D : 24.2m @ 1g/t MASSAWA Total mineral resource of 3.01Moz @ 3.96g/t

RRL…Extending our footprint in West Africa Morila Gold Mine WEST AFRICA N Senegal Mali MALI Burkina Faso Côte d’Ivoire Ghana CÔTE D’IVOIRE Tongon Gold Mine Randgold Resources permits

Tongon…Randgold Resources’ third mine takes shape in Côte d’Ivoire

Trench SWT009: 30m @ 0.20g/t, 3.5m @ 0.96g/t Tongon…electromagnetic survey contributes to our search for additional resources N NAFOUNGOLO Nielle Boundiali Dabakala Mankono Appouasso Dignago Diaouala KOKORIKO SOMAVOGO ZELENIOGOLOVOGO LAZINI N SENNINVOGO KORO DABOKIRI SEYDOU WEST RAB 18m @ 0.62g/t 12m @ 0.52g/t 12m @ 0.81g/t 20m @ 0.37g/t 33m @ 0.74g/t incl 9m @ 2.30g/t 12m @ 2.31g/t Trench SWT009: 30m @ 0.20g/t, 3.5m @ 0.96g/t JUBULA SOUNDOZANA VOGO COUCAL TONGON W 15km radius DJINI Tongon BELOKOLO NAFOUN KOULIVOGO TIEBILA EAST 137km SEKALA AIR CORE 23m @ 2.18g/t 15m @ 1.11g/t 24m @ 0.18g/t 12m @ 0.54g/t 9m @ 0.16g/t 6m @ 1.62g/t Senoufou Belt: key results MAMAGOU DJOUGOUBLE TCHELEGAHA OUBOLO

Kibali…a new project in another world class terrain DRC Bulyanhulu North Mara Geita Mara Goldfields Tulawaka Buzwagi Golden Pride Southern Lake Victoria Goldfields TANZANIA

DRC…Kibali gold mine project update Project development has made excellent progress and construction now targeted for mid 2011 Completion of Phase 1 of the Doko-Aru road has improved site access from Uganda and has had an immediate positive impact on prices of basic household goods Closure of the Okimo artisanal workings over the main KCD and Sessenge deposits has been completed A successful social relocation programme remains critical for commencement of the project Development of the strategy for affordable and adequate hydro power supply is progressing Feasibility study is being updated with optimisation of open pit and underground operations, finalisation of mining plans and sizing of processing plant key aspects planned for completion by year end

Kibali…drilling confirms continuity between orebodies and highlights extensions with potential for additional resources Sessenge pit KCD pit 800m Sessenge lodes DDD470 46m @ 3.12g/t DDD484 29.70m @ 3.92g/t DDD485 39.60m @ 6.65g/t DDD486 5.60m @ 9.06g/t Mineral Reserves Mineral Resources probable meas & ind inferred 9.19 Moz @ 4.48 g/t 13.93 Moz @ 3.29 g/t 5.83 Moz @ 3.55 g/t

Kibali…a world class gold mining and infrastructural project KIBALI MINE: REVISED PROJECT SCHEDULE construction, commissioning and production Project Phases 2010 2011 2012 2013 2014 Project development and planning Resettlement and site clearing Pre-construction Main site construction Plant and infrastructure construct Start up

Randgold Resources boasts a robust project portfolio with tangible growth potential Moz Tongon Morila mine Moz Loulo mine Moz Reserve Definition Gounkoto Moz Moz Kibali 1 2 8 7 Meas & Ind Resources 1 1 Inferred Resources 1 5 5 Massawa Moz Advanced Targets 3 1 5 3 Follow-up Targets 10 13 11 3 Reserves Resources Identified Targets 4 10 31 4 Regional Exploration 31 55 44 4 9 Cote d’Ivoire Burkina Faso Total = 272 Senegal Mali DRC

Randgold Resources…growing mineral reserves and resources remains a key focus Reserve and resource growth per share Total Reserves & Resources as at 31 Dec 2009 Mineral Reserves Mineral Resources P&P M&I Inf 23.45 (15.56 attrib) Moz @ 3.92 g/t 31.79 (20.64 attrib) Moz @ 3.58 g/t 10.78 (6.69 attrib) Moz @ 3.35 g/t Resource oz per share Reserve oz per share

Randgold Resources…focussed on growing our business profitably Forecast attributable production (Moz) PROJECTS: Gounkoto (80%) Massawa (83%) Kibali (45%)

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 2009 which was filed with the US Securities and Exchange Commission (the “SEC”) on 31 March 2010, 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.