1. Results for the quarter and year ended 31 December 2011

2. 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

3. Record Performance…
Ounces 000s
US$ million
US$

4. 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 lost time injury free hours
Proposed dividend increase of 100%

5. 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$)
12 115
12 845
746
661
1.26
9 298
8 748
747
666
1.17
83 407
61 444
12 337
32 213
26 802
762
40 858
766
692
0.29
47 178
40 858
699
632
1.14
43 925
12 845
716
641
4.13
Refer to Q quarterly report for footnotes

6. Loulo Complex…update
35% increase in combined Q4 production from Loulo and Gounkoto of 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

7. 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
636
731
864
3.5
89.0
87 070
721
818
77 859
829
3.3
90.7
80 332
725
799
41 054
3 619
3.4
88.1
731
822
3 158
3.4
92.5
647
712
Refer to Q quarterly report for footnotes

8. 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
41 054
2 670
2.8
87.7
924
1 009
3 158
3.4
92.5
647
712
363 715
Refer to Q quarterly report for footnotes

9. 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

10. 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
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

11. 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

12. Gounkoto mine update…
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

13. 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
262
4.8
89.5
35 990
536
636
60 223
37 326 -
949
5.1
88.7
436
536 -
Refer to Q quarterly report for footnotes

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

15. Gounkoto Jog Zone…significant underground potentialW E
Gounkoto Jog Zone long section and representation of cross section showing actual intersections
MZ2
g/t
MZ3
g/t
g/t S N
g/t
MZ1
g/t
BLOCK MODEL ASSAY (Au in g/t)
g/t
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
5.81g/t
Inc: g/t
6 g/t

16. 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

17. Senegal…generating new targets at Massawa
Delya
g/t
Massawa
Tina
g/t
Kawsara
g/t
Tombo
g/t
g/t
g/t
g/t
g/t KB
DDH: 23.22g/t
Sofia
g/t
Bambaraya
g/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

18. Morila update…
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 as planned

19. 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
687
782
275
99 454
79 045
4 354
1.9
90.7
595
669
246
95 443
53 542
Refer to Q quarterly report for footnotes

20. Tongon mine…update
Decrease in mill throughput due to a number of unusual production issues led to a drop in production to 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

21. 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
74 500
355
2.7
92.2
28 126
4 698
418
459
6 527
4 369
2 963
2.9
91.2
510
557
355
2.7
92.2
28 126
4 698
418
459
6 527
4 369
Refer to Q quarterly report for footnotes

22. Côte d’Ivoire, Senoufou Belt …exploration upside
Tongon NZ N
Tongon West
g/t
Tongon SZ
Jubula
g/t
Sekala
g/t
Seydou SZ
g/t
Djini
Seydou SZ W Zone
g/t
Nafoun
Soumo
Daoudavogo
New near mine targets
New targets
Satellite deposits potential combined inventory: oz at 1.48g/t

23. 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
g/t
Nogbele 2.2g/t
10km
Gold
targets
10km
Soil
Geochemistry
Geology

24. 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 ounces of production per annum from 2014 for the first 12 years (4.1g/t)

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

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

27. 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

28. 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

29. Kibali… Zambula and Kalimva-Ikamva
magnetic data and results
Zambula Target
Ikamva
Historic drilling
8.0g/t
3.73g/t
6.4g/t
Lithosamples: 4.98g/t, 2.75g/t, 2.0g/t, 1.69g/t.
Horizontal channels:
2.86g/t
3.95g/t
Historic drilling: 2.18g/t
8.07g/t
4.5g/t
Channel sample
2.76g/t inc. 4.26g/t
Completed hole:
Adit channel:
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

30. 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

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

32. 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

33. 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   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.