1. 12 months on… a story of investment in value creation

2. Randgold Resources...built on exploration success with a focus on people, partnerships and profits ! ! ! ! ! ! ! ! ! Newopportunities MorilaMine LouloMine Massawadiscovery Tongon mine development 2008

3. Randgold Resources…2008 - a pure gold company focusing on growth Tongon development project Morila mine Loulo mine Senegal… Massawa discovery Burkina Faso… Kiaka scoping study Market cap US$ 147 million Market cap US$ 3.5 billion 2008 1997 Discovery Development Production

4. Randgold Resources… September 2009 ! ! ! ! ! ! ! ! ! Kibali JV adds reserves, resources and additional opportunities Tongon Mine on track for production in Q4 2010 Massawa discovery adds 3.39 Moz Gounkoto discovery adds 2.65 Moz of resources Loulo Mine expanding gold production Morila Mine converted to stockpile retreatment operation 2009

5. Randgold Resources…creating value for shareholders is all about building value per share Reserve and Resource ounces per share ResourcesReserves reservesresources 0.070.1 0.050.09 0.040.1 0.040.12 0.070.09 0.08 0.110.09 0.150.14

6. …profitability creates value for all stakeholders Strong balance sheet and no net debt Gold sales # Total cash costs* Profit from mining activity* Exploration and corporate expenditure Profit before income tax and financing activities Profit for the period Net profit attributable to equity shareholders Net cash generated from operations Cash and cash equivalents Attributable production**(ounces) Group total cash costs per ounce** *(US$) Group cash operating costs per ounce** *(US$) 9 months ended 30 Sept 2007 9 months ended 30 Sept 2008 9 months ended 30 Sept 2009 295 041 177 084 117 957 36 879 63 971 45 584 37 320 56 334 520 765 350 923 505455 260 515 150 718 109 797 34 813 63 147 37 707 32 447 37 114 264 365 321 105 469422 199 986 111 225 88 761 22 987 42 595 31 136 28 656 30 492 131 086 324 838 342303

7. Creating value in infrastructurally challenged Africa needs a focus on world class terrains… Randgold Resources permits Bena Tomboronkoto Bambadji JV Miko Kounemba Kanoumering MALI Kedougou Saraya 100 Km Dalema Proposed railway line to Dakar SENEGAL Northern Zone 1000m Central Zone Massawadiscovery Loulodistrict N Kenieba window Loulo 5 Km MALI Faraba P64 Loulo 3 Loulo 1 Baboto Loulo Kolya Bena Bambadji Dalema Loulo 2 SENEGAL Gara Yalea Mananord Gounkoto Toronto

8. 2km Southern Zone Northern Zone N 2 100m 2 200m 0.5 – 1.0g/t 1.0 – 2.0g/t 2.0 – 3.0g/t 3.0 – 4.0g/t > 4.0g/t Syama 11.5Moz Sissedougou (Cominor) Mankono Sissengue 0.97Moz Tabakoroni 0.4Moz Yele Katiali SYF Block BK Block Kanakono Diaouala Soloni Tongon 3Moz Yvette- Nafoun Block Tiebila East Oleo South Banfora 0.82Moz Banfora 0.82Moz Côte d’Ivoire, Tongon…a new mine in a highly prospective country Boundiali Dabakala Mankono Apouasso Dignago Nielle 300km Tongon…First gold scheduled for Q4 2010

9. DRC, Kibali…a world class address with proven potential Kibali Permits KCD pit DDD279 14m @ 6.39g/t DDD282 50m @ 4.19g/t DDD345 52m @ 5.07g/t DDD282 50m @ 4.19g/t DDD345 52m @ 5.07g/t DDD282 42m @ 5.25g/t DDD286 24m @ 9.27g/t DDD289 26m @ 8.92g/t DDD327 18m @ 8.91g/t DDD328 16m @ 11.72g/t DDD329 66m @ 6.91g/t DDD328 16m @ 11.72g/t DDD329 66m @ 6.91g/t DDD336 52m @ 5.69g/t DDD341 24m @ 5.20g/t DDD399 30m @ 7.15g/t DDD404 42.75m @ 3.08g/t DDD341 24m @ 5.20g/t DDD399 30m @ 7.15g/t DDD404 42.75m @ 3.08g/t DDD417 23m @ 5.03g/t Based on feasibility study completed in March 2009: Total mineral reserves estimated to be 5.5 Moz Indicated mineral resources of 11.3 Moz Inferred mineral resources of 11.2 Moz Kibali Exploitation Permits

10. Randgold Resources…a quality pipeline of projects underscores growth potential Attrib ounces 000s Loulo Morila Tongon Massawa Gounkoto Kibali 2400 2500 2600 2700 1997989900010203040506 tonnes 07 Gold mining industry: declining production 08

11. Randgold Resources…a simple business model with a clear strategy Market cap US$ 147 million Market cap US$ 3.5 billion 2008 1997 Market cap US$ 7.5 billion 2009 Randgold Resources 10 year performance vs Dow Jones 600 Index Source: Merrill Lynch BoA RandgoldResources

12. Randgold Resources…committed to delivering on our mission Completed prefeasibility study on Massawa Bank Massawa and Gounkoto Pour first gold at Tongon Closed Moto deal and completed review Q4 2009 Q4 2010 Q4 2009 Deliver on Loulo underground strategy Q1 2010 Kibali project development road map Complete prefeasibility study on Gounkoto Q1 2010 Start development of Gara underground

13. Focus on a pure gold partnerships… Investors RandgoldResources VALUE GovernmentsCommunities and Local Businesses

14. 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 2008 which was filed with the US Securities and Exchange Commission (the “SEC”) on 15 May 2009, in the section entitled “Risk Factors” in Randgold’s prospectus published on 12 October 2009 in relation to the consideration shares issued to former Moto shareholders and the risk factors contained in the Moto management information circular dated 10 September 2009 which was filed and is available under Moto’s profile on the SEDAR website at www.sedar.com 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 resourceswill ever be converted into reserves which qualify as ‘proven and probable reserves’ for the purposes of the SEC’s Industry Guide number 7.