1. LSE : RRS NASDAQ : GOLD Results for the quarter ended 30 September 2011 On course for growth. Delivering profitability now.

2. Safety first... Loulo…LTIFR continues to improve to 0.70 per million hours worked Gounkoto…abnormal rainfall lead to one fatality caused by drowning Morila…no LTI’s and internal safety audit of OHSAS 18001 was successfully completed Tongon…No LTI’s and extensive environmental aspect identification and risk based assessments conducted in line with targeted ISO14001 and OHSAS18001 accreditation

3. Randgold Resources…highlights Profits for the period, after Tongon adjustment, increase by 29% on previous quarter Group production maintained despite weather challenges at Loulo and Gounkoto Cash costs reduced and profit from mining increased by more than 50% at Loulo complex Loulo underground improving performance trend continues Ore haulage operation from Gounkoto to Loulo enhanced by arrival of fleet of 50t Volvo trucks Hard rock crushing circuit commissioned at Tongon and mine officially opened by the President of Côte d’Ivoire All significant long lead items and permitting for Kibali in place; on track for Q4 2013 commissioning Advanced grade control drilling started at Kibali Annual review of greenfields exploration highlights significant potential for upcoming season

4. Randgold Resources… summary financials 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$) Refer to Q3 2011 quarterly report for footnotes 116 304 73 642 42 662 11 850 28 155 23 574 47 328 416 920 9 060 101 468 100 373 734 668 0.26 321 655 137 450 184 205 12 226 128 420 113 308 205 103 405 632 6 710 184 711 213 206 645 579 1.24 342 818 205 637 137 181 34 841 88 418 76 699 107 027 416 920 9 060 308 008 304 406 676 611 0.85 817 775 373 987 443 788 31 810 297 229 261 583 414 492 432 837 8 748 506 476 530 490 7056342.87 309 610 135 147 174 463 9 298 122 865 106 779 124 540 432 837 8 748 182 362 181 017 7476661.17 309 610 135 147 174 463 9 298 122 865 106 779 124 540 432 837 8 748 182 362 181 017 7476661.17 Quarter ended 30 June 2011Quarterended 30 Sept 2011 Quarter ended 30 Sept 2010 9 months ended 30 Sept 2011 US $ 000s 9 months ended 30 Sept 2010

5. Mali, Loulo Complex…update Gold production increased by 9% quarter on quarter to 87 070 ounces Increased production from Gounkoto in spite of flooding due to abnormally high rainfall in August Plant tonnes treated down on previous quarter due to tie in of new tailings pipeline and installation of additional power plant Lower throughput offset by higher grades from Gounkoto New primary mill and commissioning planned to commence at year end Power plant at Loulo is being upgraded in anticipation of the additional mill and increased production from Gounkoto Decrease in total cash cost per ounce due to higher grade and lower cost ore from Gounkoto New primary mill

6. Loulo - Gounkoto Complex… combined operating results Quarter ended 30 Jun 2011Quarterended 30 Sept 2011 Quarter ended 30 Sept 2010 9 months ended 30 Sept 2011 US $ 000s 9 months ended 30 Sept 2010 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)8643.589.0 87 070 721818 150 242 77 859 951 3.0 86.2 79 639 752 839 115 710 51 355 824 3.1 94.8 78 198 669 732 88 540 31 562 2 329 3.4 93.1 236 206 620 682 258 917 99 663 2 706 3.087.7 228 858 777866 358 390 156 742 Refer to Q3 2011 quarterly report for footnotes

7. Loulo Mine… stand alone operating results Quarter ended 30 Jun 2011Quarterended 30 Sept 2011 Quarter ended 30 Sept 2010 9 months ended 30 Sept 2011 US $ 000s 9 months ended 30 Sept 2010 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)6022.988.6 51 080 848943 90 019 40 533 871 2.7 86.0 65 578 858 945 94 426 35 237 824 3.1 94.8 78 198 669 732 88 540 31 562 2 329 3.4 93.1 236 206 620 682 258 917 99 663 2 364 2.787.5 178 807 863949 276 883 103 298 Refer to Q3 2011 quarterly report for footnotes

8. Loulo…Yalea underground mine Yalea pit decline holes into main Yalea south decline 2 primary stopes developed on 113 Level north to expose block 3 and block 5 according to plan and 118 842 tonnes at 3.72 g/t were mined Purple patch development of 188 Level has reached the limit of the transverse zone and 208 Level has been exposed targeting the purple patch second level Stoping methods and layouts reviewed and revised design concepts, capital schedules and mining rates currently being evaluated and optimised Yalea underground development metres

9. Loulo… Yalea underground development During Q3 a total of 2 789m, including 887m of Yalea pit decline was completed bring the total project development to 22 097m Q1 2011 Q2 2011 Q3 2011 113L FW DR & SD113L FW DR & SD N N 188L FW DR & SD S Yalea N incline Tabaski decline 088L S/D N 063-088L Ramp 013L N Stoping 038L N Stoping 063L S/D N YALEA PIT P125 PIT VD2 063L Stoping 013L Stoping Yalea N decline 013L S SD S 038L S FW DR S 250m

10. Loulo…Yalea stoping concepts Reviewed stoping methods and layouts and revised the design concepts, capital schedules and mining rates which are currently being evaluated and optimised 250m YALEA N: Rib and Sill Pillar Pillar Level (Sill Pillar) Ribpillar YALEA ‘Purple Patch’: Total Extraction with Backfill Transverse Longitudinal Primary Secondary YALEA PIT

11. Loulo…Gara underground mine Gara underground development remains on schedule with a 29% increase in development on previous quarter Underground orebody exposed on 40 and 65 Levels Start of stoping production buildup planned for Q4 47 885 tonnes of development ore at 4.92 g/t hauled to surface Gara underground development metres

12. Loulo… Gara underground development Mineable reserves,3 primary with 3 secondary stopes and 320m in strike length, have been developed on 65 Level CD2 Return Q1 2011 Q2 2011 Q3 2011 Service holes GARA PIT 040L Access Dam XC VD1 & CD1 VD2 & CD2 PVA Access Vehicle crossover 065L SD S PVA & bypass 040L SD S 040L SD N VD3 065L SD N 200m Pillar Level (Sill Pillar) 40 Lev 65 Lev 90 Lev Rib pillar GARA: Rib and Sill Pillar

13. Gounkoto mine…update Gounkoto produced 35 990 ounces which was toll treated through the Loulo plant Production lower than planned as a result of abnormally high rainfall in August, a one in a hundred year rainfall event An increase in total cash costs to US$ 636/oz due to a decrease in grade from 6.3 g/t to 4.6 g/t. which is more in line with the reserve grade Low contractor truck availability relieved by arrival of mine’s own haul fleet at the end of Q3 Negotiations with state of Mali for the separate mining permit and convention, including a period of exoneration from corporate income tax, are progressing Infrastructural development, namely the upgrade of the haul road and bridge where the flooding occurred, continued and will be completed in Q4 Construction of the permanent crushing plant is underway and is expected to be operational by the end of Q4

14. Gounkoto Mine… stand alone operating results Quarter ended 30 Jun 2011Quarterended 30 Sept 2011 9 months ended 30 Sept 2011 US $ 000s 9 months ended 30 Jun 2010 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)2624.889.5 35 990 536636 60 223 37 326 80 6.3 87.0 14 061 277 367 21 284 16 118 ----------------3425.188.8 50 051 463561 81 507 53 444 Refer to Q3 2011 quarterly report for footnotes

15. Gounkoto orebody…modelling the down dip and along strike extensions MZ 3 MZ 2 MZ 1 strike 900m strike 230m strike 1235m 1 – 3g/t 3 – 5g/t 5 – 8g/t ≥ 8g/t Gold grade g/t N

16. P64 65 989 oz @ 4 g/t GOUNKOTO 5.53 Moz @ 5.02 g/t FARABA MAIN 572 057 Moz @ 2.63 g/t Gounkoto North FRDH20: 3.5m @ 5.57g/t Far West FRDH16 12.65m @ 1.54g/t 3.85m @ 4.22 g/t FADH18 22m @ 2.33g/t FADH02 7.78m @ 9.64g/t FADH027: 2.85m @ 3.93g/t FADH019: 10.45m @ 4.32g/t FADH004: 12.6m @ 4.03g/t Toronto South FRDH12: 16m @ 2.61g/t FRDH18: 24.20m @ 2.17g/t FRDH18: 20.50m @ 3.24g/t Toronto FRDH16: 9.30m @ 0.60 g/t FRDH17: 2m @ 0.95 g/t Faraba region… additional exploration potential N 1km

17. Loulo satellite deposits… exploration expands resource potential Loulo 1 inferred resource 29 016oz @ 2.51g/t Gara structure Gara structure P129 structure P129 structure Yalea structure Yalea structure Baboto structure Baboto structure Yalea Ridge structure Yalea Ridge structure Loulo 2 Centre Resources 7 541oz @ 2.65g/t Loulo 3 192 000oz @ 3.90g/t 1 071 249oz @ 3.95g/t in UG resource P125-L3 Gap 43 364oz @ 2.93g/t within 116 207oz @ 2.72g/t P129QT 24 468oz @ 2.88g/t P129 Porphyry Yalea Deposit Gara Deposit Gara West Indicated & inferred resource 127 307oz @ 2.31g/t PQ10 Inferred resource 73 628oz @ 1.21g/t Baboto inferred resource 464 050oz @ 2.32g/t N 2km Mineralisation open down dip

18. Senegal…generating new targets at Massawa Delya 214 425oz @ 2.48g/t Massawa 5 Moz @ 2.87g/t 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 Kaya - Kaldou RAB targets 9km soil anomaly Saraba RAB targets 4km soil anomaly along MTZ Nouma RAB targets +4km soil anomaly Missira RAB targets +4km soil anomaly Rheina RAB target N 5km

19. Mali, Morila mine update… Morila produced 60 955 oz slightly ahead of mine plan Increase in profit from mining, quarter on quarter, to US$55.3m as a result of higher average gold price received 6 Ha of waste rock stockpiles rehabilitated during Q3 Work continued on the Tailings Storage Facility material retreatment project and the scoping revised to include potential push back option – a detailed schedule and financial model is planned for completion in Q4

20. Morila Mine…operating results Quarter ended 30 Jun 2011Quarterended 30 Sept 2011 Quarter ended 30 Sept 2010 9 months ended 30 Sept 2011 US $ 000s 9 months ended 30 Sept 2010 3 415 1.890.6 178 900 700793280 71 560 110 237 53 514 1 108 1.8 90.4 58 174 666 740 296 23 270 27 763 11 099 1 130 1.891.8 60 955 692795263 24 382 41 484 22 104 4 303 1.9 90.4 179 504 582 653 251 71 802 83 902 37 520 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%): Ounces produced Gold sales (US$000)* Profit from mining activity* (US$000) 1 141 1.9 90.5 62 230 708 799 293 24 892 37 703 17 810 Refer to Q3 2011 quarterly report for footnotes

21. Cote d’Ivoire…Tongon mine update Production decreased quarter on quarter to 70 910 oz as a result of lower mill throughput associated with the commissioning of the hard rock crushing circuit during the rainy season Cash costs increased to US$ 637/oz partly due to the lower production Final connection to the national electricity grid expected in November 2011 Tongon mine officialy opened on 24 October by the President of Côte d’Ivoire

22. Cote d’Ivoire… Tongon operating results Quarter ended 30 Jun 2011Quarterended 30 Sept 2011 Quarter ended 30 Sept 2010 9 months ended 30 Sept 2011 US $ 000s 9 months ended 30 Sept 2010 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)7553.290.9 70 910 68 154 585637 117 884 74 500 901 2.9 94.1 80 180 111 608 431 477 168 242 115 040 ---------------- ---------------- 2 358 2.992.3 206 058 226 057 465511 349 148 233 532 Refer to Q3 2011 quarterly report for footnotes

23. Tongon mine opening… another major milestone

24. Tongon exploration…expanding our country footprint Jubula 80 Koz @ 1.1g/t Au:95.33%, SR: 8.20 Tongon SZ - NZ Tongon West 142 Koz @ 1.61g/t Au:77-98.7%, SR: 5.77 Sekala 134 Koz @ 1.38g/t Au:66-97.75%, SR: 13.36 Koulivogo Region NiellePermit DioualaPermit Fargolo Zanivogo Nafougold Kokoriko Dabokiri Soundou Satolo Seydou SZ 104 Koz @ 1.44g/t Au:94%, SR: 5.27 N 20km

25. DRC, Kibali mine development… Project development progresses in line with schedule Relocation Action Plan continued: 250 families from Chaffeur Village, the first of 14 villages in the exclusion zone, have been resettled Construction of the Catholic Church Complex has begun First primary and secondary schools became operational at the beginning of September Detailed mine design progressed and open pit mining tenders are in adjudication All major long lead items secured and earth moving and civil engineering contract packages put out to tender Grade control drilling in the KCD pit has commenced and opening of the pit planned for Q1 2012 Detailed design of metallurgical process facility, shared service facilities, TSF and general mine infrastructure has been finalised

26. Kibali…evaluating orebody extensions and satellite deposits KCD Renzi Pakaka 1.2Moz at 2.26g/t Pakaka 1.2Moz at 2.26g/t Mengu Hill 0.7Moz at 2.62g/t Mengu Hill 0.7Moz at 2.62g/t Agbarabo Megi 0.2Moz at 2.06g/t Megi 0.2Moz at 2.06g/t Ndala High grade drill results Ndala High grade drill results Sessengue 0.54Moz at 1.57g/t Sessengue 0.54Moz at 1.57g/t Kombokolo 0.14Moz at 2.13g/t Kombokolo 0.14Moz at 2.13g/t Gorumbwa 0.77Moz at 4.72g/t Gorumbwa 0.77Moz at 4.72g/t Exploration targetSatellite deposit with down plunge potential Pamao 0.6Moz at 1.5g/t Pamao 0.6Moz at 1.5g/t N 3km

27. Kibali exploration…new targets highlight prospectivity Gold deposit Gold target KCD Au ppb N Ikamva Kalimva Oere Mofu KCD Renzi Aindi Watsa Zambula Kulikongo Gambari Lulu North/South Hotel Dembu fold Zambula West Ogagu Abimva Abimva North East Rambi Kiasi 1g/t Auger dh Principle Shear 5km Zambula Target 10km

28. Kibal permits… Zambula and Kalimva targets 10.5m @ 8.0g/t Ikamva Kalimva 2.70g/t 1.39g/t 4.96g/t 1.69g/t 4.28g/t 1.38g/t 0.25g/t 0.60g/t 0.43g/t N ZAMBULA KALIMVA 5km 2km

29. Exploration…our investment for the future Reserve definition Indicated and measured resources Inferred resources Advanced targets Follow-up targets Identified targets Regional exploration ! ! ! ! ! ! ! ! ! Senegal Mali Côte d’Ivoire Burkina Faso DRC 26 14 11 51 6 4 35 11 4364 60 6 8 114 4 12 4 474 1 5 Total of 288 targets AFRICA

30. Randgold Resources…remaining focussed on value creation Randgold Iamgold Goldcorp Barrick Newmont AngloGold Ashanti Gold Fields African Barrick Share price comparison: 6 months

31. 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.