1. Results for the quarter ended 31 March 2008

2. Highlights… Net profit up 25% on previous quarter in spite of industry cost pressures Morila delivers satisfactory performance but reduces production guidance for the year Loulo delivers strong production to support annual group forecast Yalea underground development intersects orebody and first development ore delivered to plant Continued infill drilling at Tongon delivers a 52% increase in reserves Equity participation in Tongon project increased to 81% Initial results from a 7 000 metre drilling programme confirm significant mineralisation at Massawa Exploration drilling to focus on three advanced targets

3. Loulo Gold Mine… the company flagship Production maintained in line with current mine plan Profit from mining increases in spite of higher cash costs Additional tonnes mined continues to add to mining flexibility ahead of the rainy season Orebody intersected at Yalea underground and first development ore delivered to processing plant

4. Loulo Mine…operating results 2 654 3.3 93.2 264 647 211 717 337 372 162 154 63 598 687 3.2 93.8 67 908 54 326 287 320 37 034 15 337 686 3.5 89.4 68 059 54 447 399 436 47 175 17 472 Quarter ended 31 Mar 2008 Quarter ended 31 Dec 2007 12 months ended 31 Dec 2007 Ore milled (t 000s) Ore grade milled (g/t) Recovery % Ounces produced Attrib. ounces produced (80%) Cash operating costs (US$/oz) Total cash costs (US$/oz) Gold sales (US$000) Profit from mining activity (US$000) Quarter ended 31 Mar 2007 701 3.1 90.9 63 249 50 599 429 470 49 589 19 876

5. Yalea underground intersects orebody… On schedule to establish mining faces by midyear Targeting steady state production by year end Plan to access ‘purple patch’ by second half of 2009 Short term focus on integrating underground mining team into Loulo operation Yalea boxcut P125 pit Yalea orebody We are here

6. Gara underground mine development on schedule… Busy with final selection of portal position Focus is on balancing conveying distance, development metres and ground conditions with life of mine operating costs Development to commence January 2009 Steady state production targeted for 2011 Conceptual Gara underground development Gara pit

7. Morila Gold Mine…focus on operational efficiencies Randgold Resources takes over operatorship on 15 February and completes on site due diligence audit Higher than planned grades compensate for lower throughput caused by poor plant availability Revised orebody model suggests lower tonnage at lower grades Production guidance for 2008 reduced to 430 000 ounces Advanced grade control drilling prioritised to enable life of mine reserves and plan Focus is on increasing plant availability and throughput Exploration to develop new targets for drill testing in Q4

8. Morila Mine…operational results 1 055 3.4 92.2 103 224 278 322 41 290 26 031 12 721 Quarter ended 31 Mar 2008 Quarter ended 31 Dec 2007 12 months ended 31 Dec 2007 Quarter ended 31 Mar 2007 1 008 3.4 91.3 101 000 334 393 40 400 37 413 21 547 Ore milled (t 000s) Ore grade milled (g/t) Recovery % Ounces produced Cash operating costs (US$/oz) Total cash costs (US$/oz) Attributable (40%): Ounces produced Gold sales (US$000) Profit from mining activity (US$000) 1 026 4.3 91.7 129 193 279 337 51 677 42 680 25 290 4 163 3.7 91.6 449 815 282 332 179 926 127 687 67 925

9. Tongon development project… a growing reserve base Probable reserves increased by 52% to 2.44 Moz Randgold Resources stake in project increased from 76.5% to 81% Public Participation Process conducted Plant design progressed and long lead items being ordered Discussions continue towards conclusion of the mining convention General election scheduled for end November 2008

10. Tongon orebodies…drilling to test depth extensions 0.5 – 1.0g/t 1.0 – 2.0g/t 2.0 – 3.0g/t 3.0 – 4.0g/t > 4.0g/t 2 100m 2 200m Northern Zone Northern Zone Southern Zone Southern Zone Southern Zone Northern Zone N 2km Mineral resources indicated inferred 3.20 Moz @ 2.37g/t 1.07 Moz @ 2.56g/t Ore reserves probable2.44 Moz @ 2.32g/t Plus potential mineable inpit resource: Plus potential mineable inpit resource: 0.37 Moz

11. Exploration…delivering growth opportunities Massawa advanced target Loulo Mine Faraba advanced target Morila Mine Tiasso advanced target Tongon S target Kiaka advanced target Tongon development project MALI CÔTED’IVOIRE SENEGAL BURKINA FASO GHANA Tongon E target

12. Senegal - Massawa…significant mineralisation over 7 km DDH13 7.00m @ 1.13 g/t 6.00m @ 2.00 g/t 8.00m @ 1.09 g/t 1.00m @ 10.20 g/t 9.56m @ 1.09 g/t 2.20 m @ 1.50 g/t 9.00m @ 0.70 g/t DDH008 2.90m @ 6.90 g/t 7.30m @ 31.04g/t 15.15m @ 1.93 g/t 13.15m @ 0.83 g/t 27.75m @ 0.44 g/t DDH14 11.30m @ 5.00 g/t incl: 2.00m @ 4.20 g/t 1.00m @ 43.70 g/t 18.90m @ 0.70 g/t DDH009 50.30m @ 1.42 g/t incl: 6.60m @ 3.65 g/t 35.50m @ 0.58 g/t 5.85m @ 1.55 g/t DDH010 5.20m @ 3.40 g/t 5.00m @ 1.13 g/t 6.80m @ 4.70 g/t 19.25m @ 1.50 g/t 3.00m @ 2.40 g/t DDH011 4.00m@ 4.20 g/t incl: 2.00m @ 7.32 g/t RAB 256: 3m @ 1.24 g/t 259: 9m @ 2.95 g/t Incl: 3m @ 5.50 g/t RAB 239: 21m @ 1.35 g/t Incl: 3m @ 4.25 g/t 3m @ 1.52 g/t 241: 6m @ 0.47 g/t RAB 208: 9m @ 0.69 g/t 209: 21m @ 1.32 g/t Incl: 12m @ 2.01 g/t 216: 6m @ 0.50 g/t RAB 180: 17 m @ 2.00 g/t Incl: 9m @ 3.47 g/t 175: 6m @ 0.64 g/t RAB 171: 9m @ 0.50 g/t 170: 9m @ 1.14 g/t 169: 9m @ 0.70 g/t 168: 15m @ 0.40 g/t DDH012 3m@ 1.60 g/t 8 m @ 0.14 g/t 14.00m @ 0.18 g/t RAB 226: 6m @ 0.97 g/t Incl: 3m @ 1.49 g/t 227: 18m @ 0.87 g/t Incl: 3m @ 2.07 g/t 3m @ 2.23 g/t RAB 198: 30m @ 0.20 g/t 200: 27m @ 1.32 g/t Incl: 3m @ 10.10g/t 201: 12m @ 0.23 g/t RAB 298: 18m @ 1.66 g/t Incl: 3m @ 3.05 g/t 6m @ 2.10 g/t 299: 3m @ 1.62 g/t 301: 3m @ 2.63 g/t RAB 238: 12m @ 0.40 g/t Incl: 3m @ 1.00 g/t 258: 12m @ 0.69 g/t Incl: 3m @ 1.99 g/t 388: 9m @ 2.63 g/t Incl: 3 m @ 4.04 g/t RAB 290: 3m @ 1.20 g/t 291: 3m @ 9.40 g/t Incl: 7m @ 0.49 g/t 1km

13. Bena Tomboronkoto Bambadji JV Miko Kounemba Kanoumering MALIMALI Kedougou Saraya Dalema Proposed railway line GUINEAGUINEA to Dakar Loulo Region…a dominant land position within the highly prospective Kenieba inlier Loulo N SENEGALSENEGAL Faraba Target with proposed drill holes BabotoTarget Loulo 3 Target MassawaTarget OPEN NORTH SOUTH FADH018 24.12m @ 2.16g/t FADH022 4.80m @ 1.65g/t Proposed drill holes FADH019 4.25m @ 8.66g/t FADH015 10.55m @ 8.68g/t Faraba North FADH026 13.10m @ 3.08g/t and 4.55m @ 9.11g/t FADH015 13.32m @ 3.96g/t FADH004 12.06m @ 4.03g/t Bambadji Dalema Loulo Bena Randgold Resources permits Inferred resource of 572 000 oz @ 2.6g/t Faraba Main 100 Km 5 Km

14. Mali south…hunting for another Morila Morila mine Kalana Mine Syama Mine Yanfolila Belt Yanfolila Shear Banifing Shear Bougouni terrane Bougouni Belt Syama Belt Bagoe West 36 RAB holes totaling 967m; 345 samples collected over 3 drill targets identified to intersect NE structures. Pitting programs in progress Titona New 70 km2 authorisation for exploration granted. Infill geochemistry completed, geological mapping and interpretation ongoing Bagoe East 3669 RAB holes totaling 1876m. 662 samples collected over 4 drill targets to check the extension of the existing known mineralisation N

15. Côte d’Ivoire…a golden opportunity Nielle Permit: Geology with gold targets Nielle Permit: Geology with gold targets 4.4 Moz Tongon Project 5km Tiasso Boundiali Dabakala Mankono Apouasso Dignago Nielle 300km Boundiali Permit: Tiasso and other targets Boundiali Permit: Tiasso and other targets Gold in soil (ppb) 500 250 100 70 40 20 Tongon East Soloni A & B Koro North Koro Poungbe Koulivogo Oleo South Oleo North Tongon South Tiebila East Oleo Yvette-Nafoun Nafoun East Tongon Northern and Southern Zone N Trenches: 16m @ 8.37g/t 6m @ 2.06g/t and 2m @ 12.86g/t and 4m @ 2.00g/t 15km

16. Burkina Faso…remains a prospective destination Nakomgo Yibogo Kiaka Safoula Gogo Kaibo Tanema BURKINA FASO GHANA Bourou Tiakane Basgana Bole Niaogo-Gozi Goulanda Kiaka east Limsega north Limsega east Limsega south Sinikere Kaibo east Sondo Dam Toula Basgana centre Basgana south Waleme north Waleme south Nazinga north Nazinga south 1 500m of diamond drilling commenced at Kiaka to test plunge of anticline to North where last hole returned 166m @ 1.3g/t 10 000m of RAB drilling underway at Limsega, Goulanda and Waleme Pitting and trenching at Basanga, Kaibo East, Sinkere, Kiaka Dam and Toula gold targets RRL permits Kiaka

17. Ghana...advancing early stage targets Navrongo Prospect Bole NE RL Fumbisi Prospect Zamsa South Kadema Prospect Zamsa North Bole NE Concession Randgold Resources permits 80km Akyem Mine Damang Mine Tarkwa Mine Obuasi Mine Chirano Mine Bibiani Mine Ahafo Mine Bole NE Ghana Burkina Faso N Fanoma Enyinase Côte d’Ivoire Prestea Mine

18. Tanzania…searching for new opportunities Randgold Resources permits N Tanzania North Mara Permits Nyabigena South Mtamba Regional soils completed, assays outstanding, 3 identified Targets Miyabi JV RAB Drilling (99 holes, 3402m) On 3 regional Au-Cu targets In NW corridor Tabora Region Generative Targets

19. Summary Financials… it’s the profits that count US $ 000s Gold sales # Total cash costs* Profit from mining activity* Exploration and corporate expenditure Profit before income tax Net profit Net profit attributable to equity shareholders Net cash generated from operations Cash and financial assaets Attributable production**(ounces) Group total cash costs per ounce** *(US$) Group cash operating costs per ounce** *(US$) 89 855 47 093 42 762 12 933 22 323 14 492 13 385 31 741 343 133 119 736 393 347 63 065 35 007 28 058 6 521 16 225 12 748 11 418 13 567 139 407 109 198 321 284 87 002 45 579 41 423 13 952 25 489 18 155 15 966 17 096 336 801 103 649 440 392 289 841 158 318 131 523 35 920 66 901 45 628 42 041 62 233 343 133 444 573 356 315 Quarter ended 31 Dec 2007 Quarter ended 31 Mar 2008 12 months ended 31 Dec 2007 Quarter ended 31 Mar 2007 # Gold sales does not include the non cash profit/(loss) on the roll forward of hedges * Refer to explanation of non-GAAP measures provided ** Randgold Resources consolidates 40% of Morila and 100% of Loulo

20. Reserves and resources… the foundation for future growth Moz Resources (attrib.) Reserves (attrib.) Mineral Resources total measured and indicated total inferred Ore Reserves total proved and probable 110.23 Tonnes(Mt)Grade(g/t)Gold(Moz)Gold (Moz attrib) Updated 30 April 2008 128.86 39.72 3.2211.428.53 3.46 2.81 14.32 3.58 10.84 2.84

21. Forecasting growth in a declining industry… *Randgold Resources owns 80% of Loulo, 81% of Tongon and 40% (left-hand column) of Morila but consolidates 100% of Loulo, 100% of Tongon and 40% (right-hand column) of Morila in terms of IFRS accounting standards Production ounces 000’s

22. The market invests in pure gold… 35%15%-5%-25%-45% GOLD ELD CN HL DROOY HMY GBG CN AEM BVN G CN K CN OZN CN YRI CN GSC CN GFI PAN SJ GAM CN RGLD MFL CN ABX RBI CN NEM LIHR AU AFO SJ GRZ CN IMG CN CDE HRG CN Source: BJM Gold Weekly 28 April 2008 Gold Equities: 2008 year to date RandgoldResources

23. Looking ahead… Growing the team with the business Managing efficiencies as Morila moves to a stockpile retreatment operation Yalea underground stoping is key to Loulo’s future Mobilising the Tongon development team ahead of construction Focus to remain on evaluating and adding to our project pipeline Evaluating external opportunities as important as developing new exploration targets

24. disclaimer… The presentation is not for distribution in, nor does it constitute any offer of securities for sale. Statements made in this presentation with respect to Randgold Resources’ current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Randgold Resources. These statements are based on management’s assumptions and beliefs in light of the information currently available to it. Randgold Resources cautions you that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, and therefore you should not place undue reliance on them. The potential risks and uncertainties include, among others, risks associated with: fluctuations in the market price of gold, gold production at Morila and Loulo, the development of Loulo and estimates of resources, reserves and mine life. For a discussion on such risk factors refer to the annual report on Form 20-F for the year ended 31 December 2006 which was filed with the U.S. Securities and Exchange Commission on 25 June 2007. Randgold Resources undertakes no obligation to update information in this presentation.