1. Results for the quarter and year ended 31 December 2009

2. Randgold Resources… Key Performance Indicators Profit up 79% year on year Balance sheet strength remains strong with $590 million in cash and no net debt Group production up 14% year on year on back of record production at Loulo Tongon project on track for early Q4 2010 production Massawa prefeasibility delivers 1.50 Moz of reserves at 4.64 g/t and points to more upside Gounkoto prefeasibilty study on track for Q1 completion Dividend increased by 30% New projects and resource conversion drive a 60% increase in group attributable reserves Moto acquisition completed and JV interest in Kibali project increased to 45% Q4 & 2009 Kibali reserves increased by 67% to 9.2 Moz – first production targeted for 2014 Profit up 185% quarter on quarter and 315% on corresponding quarter in 2008

3. African focused, integrated pure gold business… ! ! ! ! ! ! ! ! ! Kibali JV adds reserves, resources and additional opportunities Tongon Mine on track for production in Q4 2010 Massawa discovery adds 3.01 Moz of resources Gounkoto discovery adds 2.65 Moz of resources Loulo Mine expanding gold production Morila Mine converted to stockpile treatment operation

4. Randgold Resources…building value per share Reserve and Resource ounces per share ResourcesReserves

5. Loulo…highlights Plant expansion completed and throughput increased Record gold production of 106 564 ounces (+23%) quarter on quarter and 351 591 ounces (+36%) year on year Total cash costs reduced by 13% quarter on quarter to $512/oz Underground development contractor replaced Higher grade Yalea opencast ore and Loulo 3 pit impact positively on recovered grade Record profit from mining up 137% quarter on quarter and 101% for the year

6. 2 721 3.2 91.2 258 095 469 511 190 336 58 521 676 3.1 90.5 60 495 484 523 40 464 8 853 701 4.1 93.7 86 940 542 591 72 695 21 309 Quarterended 31 Dec 2009 Quarter ended 30 Sept 2009 12 months ended 31 Dec 2008 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) Quarter ended 31 Dec 2008 8624.192.8 106 564 455512 105 016 50 428 2 947 4.287.7 351 591 473522 301 963 118 326 12 months ended 31 Dec 2009 * Refer to explanation of non-GAAP measures provided. Randgold Resources owns 80% of Loulo and the Government of Mali 20%. The Government’s share is not a free carried interest. Randgold Resources has funded the Government portion of the investment in Loulo by way of shareholder loans and therefore controls 100% of the cashflows from Loulo until the shareholder loans are repaid. Loulo Mine…operational results

7. Loulo…Yalea UG update Purple Patch In Q4 112 439 tonnes of ore at 4.08 g/t hauled to surface Underground development and mining rates increased in Q4 with a record 618m and 57 000 tonnes of ore achieved in December Declines are here P125 Pit Yalea Pit PURPLE PATCH

8. Loulo…Yalea UG development Total development now at 10 267m Declines Are Here 038L S/D S Tabaski Decline Tabaski Incline P125 Pit 046L Stoping 028L & 012L SD’s S 080 to 046L Stoping 013L S/D N 028L Stoping 080L Up Stoping 038L Workshop Complex 038L Dam 038L S/D N Q4 2009 face positions Yalea Pit

9. Loulo…Gara update Gara mine budget and planning for 2010 completed Development is planned to start during first half of 2010 with first ore expected by year end Boxcut scheduled for completion in Q1 2010 Gara U/G portal Gara U/G stoping Gara U/G development Current Gara open pit 500m

10. 0.5 - 1 > 8 5 - 8 3 - 5 1 - 3 Gold intersection (g/t) Existing wire frame 1.7km strike Loulo 3…drilling continues to delineate additional strike length Loulo 3 North Loulo 3 Centre Current Global Resource 197 000 oz @ 3.38 g/t Loulo 3 SW Loulo 3 South L3RC291: 14m @ 5.92 g/t inc: 6m @ 11.47 g/t L3RC201: 9m @ 18.67 g/t inc: 4m @ 37.55 g/t L3RC297: 7m @ 6.07 g/t L3RC311: 11m @ 3.49 g/t inc: 2m @ 13.43 g/t L3RC199: 13m @ 4.40 g/t inc: 6m @ 8.54 g/t L3RC301: 31m @ 6.95 g/t inc: 12m @ 11.70 g/t and 2m @ 24.39g/t N Loulo 3 extension

11. Loulo…Yalea-Loulo 3 extensions and exploration upside Gara West Indicated+Inferred Resource of 1.44 Mt @ 2.38 g/t for 110 000 oz Gara West Indicated+Inferred Resource of 1.44 Mt @ 2.38 g/t for 110 000 oz P129 High grade beneath pit High strip ratio P129 High grade beneath pit High strip ratio Loulo 3 Complex 210 000 oz to date Open potential at depth Exploration camp provides new potential Loulo 3 Complex 210 000 oz to date Open potential at depth Exploration camp provides new potential Baboto North Potential for 42 000 oz @ 2.3 g/t Baboto North Potential for 42 000 oz @ 2.3 g/t Loulo 2 High grade zone already mined Loulo 2 High grade zone already mined PQ10 Potential for 20 000 oz @ 3.48 g/t PQ10 Potential for 20 000 oz @ 3.48 g/t Potential along N strike at P125? Loulo 1 Potential for 21 000 oz @ 4 g/t Loulo 1 Potential for 21 000 oz @ 4 g/t N

12. Morila Mine…highlights 19% increase in profit from mining quarter on quarter Gold production of 341 661 for the year exceeds forecast Cash costs increased year on year as mine transitioned to a stockpile treatment operation Dividend target beaten by 50% Agribusiness feasibility study makes good progress

13. 4 294 3.4 91.2 425 828 347 400 (93) 170 331 148 236 80 081 1 101 3.6 90.5 117 066 327 377 (51) 46 826 37 593 19 953 1 100 2.5 90.5 79 963 467 525 174 31 985 30 777 13 998 1 062 2.591.1 76 920 502569187 30 768 34 137 16 626 4 303 2.791.4 341 661 42248098 136 664 132 231 66 685 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) Quarterended 31 Dec 2009 Quarter ended 30 Sept 2009 12 months ended 31 Dec 2008 Quarter ended 31 Dec 2008 12 months ended 31 Dec 2009 Morila Mine…operational results * Refer to explanation of non-GAAP measures provided. # 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.

14. Tongon mine development …highlights First mill has arrived on site and second scheduled for delivery in February Installation of all 14 CIL tanks completed Steel work construction making progress and TSF underway Contract miner, DTP, has started to mobilise to site Operational management now on site Still on track for first gold early in Q4 2010

15. Tongon…Randgold Resources third mine takes shape

16. 19m @ 5.32g/t incl 11m @ 7.87g/t 19m @ 5.32g/t incl 11m @ 7.87g/t 2km Tongon NZ Seydou W Seydou E Tongon…exploration focus is on developing upside potential Seydou Aeromag showing position of Seydou East and West Targets Seydou (E & W) Bazou- Jubula CoucalCoucal SoloniSoloni Nafoun S Koro NW Extn BadenouBadenou Koulivogo Region CalaoCalao Nafoun E Nielle Permit: Geological interpretation and priority targets N TONGONDEPOSIT 3.16 Moz TONGONDEPOSIT

17. Massawa…prefeasibility passes internal investment filters Orebod y MWDDH327: 17.3 m@ 7.27g/t MWDDH327: 17.3 m@ 7.27g/t MWDDH258: 10.4 m@ 5.22g/t MWDDH258: 10.4 m@ 5.22g/t MWDDH335: 16.9 m@ 8.98g/t MWDDH335: 16.9 m@ 8.98g/t MWDDH334: 8.55 m@ 16.89g/t 3.25 m@ 13.02g/t MWDDH334: 8.55 m@ 16.89g/t 3.25 m@ 13.02g/t MWDDH308: 6.5 m@ 9.19g/t MWDDH308: 6.5 m@ 9.19g/t MWDDH230: 9.2 m@ 15.9g/t MWDDH230: 9.2 m@ 15.9g/t MWDDH254: 3.65 m@ 11.57g/t MWDDH254: 3.65 m@ 11.57g/t MWDDH349: 7.5 m@ 6.72g/t MWDDH349: 7.5 m@ 6.72g/t MWDDH314: 11.83 m@ 5.66g/t MWDDH314: 11.83 m@ 5.66g/t MWDDH376: 23.75 m@ 6.73g/t MWDDH376: 23.75 m@ 6.73g/t MWDDH420: 7.5m@ 24.7g/t MWDDH420: 7.5m@ 24.7g/t Massawa structure from central zone to Lion Extension (4370m) long section Central Zone Northern Zone 1 Northern Zone 2 LE(438m) MWDDH234: 12 m@ 13.14g/t MWDDH234: 12 m@ 13.14g/t MWDDH429: 8.24 m@ 5.96g/t MWDDH429: 8.24 m@ 5.96g/t still open to SW still open to NE Resources Reserves

18. Massawa…prefeasibility and financial assessments Estimated capital cost (US$ million) 255310 Ore tonnes (millions) 10.0320.84 Ore grade (g/t) 4.643.16 Annual plant throughput (Mt) 1.82.4 Recovery (%) 89 Mining costs (US$ per tonne mined) 2.76 Processing costs (US$ per tonne) 2422 G&A (US$ per tonne processed) 3.853.50 LOM (excluding UG and extensions) 6 years9 years Cash operating costs (US$ / oz) 446481 Total cash costs (US$ / oz) 470505 IRR (%) 2412 PREFEASIBILITY STUDY LOW GRADE HIGH TONNAGE OPTION

19. MASSAWA 8km long MASSAWA 8km long DELYA Sabodala Structure MIKO PERMIT SOFIA GALAMA KAWSArA BAKAN CORRIDOR BAMBARAYA Massawa…a regional gold district SMSZ MTSZ SENEGALMALI Gara Yalea Gounkoto Loulo 3 Kenieba window Massawa 20km 100km N

20. Gounkoto…prefeasibility update Prefeasibility on track 50 x 50 m drilling complete Preliminary geotechnical modelling and sampling complete with pit slope report expected February Independent metallurgical testwork completed confirming +90% recoveries from simple process of crushing, milling and CIL Preliminary site selection complete for TSF and waste dumps together with stream diversion and flood protection analysis Social and economic baseline study completed on affected villages Fieldwork for archeological as well as flora and fauna specialist studies complete Faraba Gounkoto P64 Toronto target area Millennium highway Faleme River MALI SENEGAL

21. Gounkoto…a world class discovery GOUNKOTO LONG SECTION NNW SSE GKDH074: 5m @ 12.59g/t GKDH074: 5m @ 12.59g/t 255m GKDH097: 4.95m @ 20.15g/t GKDH097: 4.95m @ 20.15g/t GKDH049A: 22.46m @ 10.83g/t GKDH049A: 22.46m @ 10.83g/t GKDH018: 18.7m @ 9.12g/t GKDH018: 18.7m @ 9.12g/t GKDH107: 21m @ 2.34g/t GKDH107: 21m @ 2.34g/t GKDH090: 8m @ 5.95g/t GKDH090: 8m @ 5.95g/t GKDH058: 16m @ 8.67g/t GKDH058: 16m @ 8.67g/t GKDH045: 12.3m @ 7.52g/t GKDH045: 12.3m @ 7.52g/t GKDH020: 47.2m @ 8.68g/t GKDH020: 47.2m @ 8.68g/t GKDH103: 9.7m @ 3.19g/t GKDH103: 9.7m @ 3.19g/t GKDH035: 13m @ 20.58g/t GKDH035: 13m @ 20.58g/t GKDH029: 49.6m @ 13.73g/t GKDH029: 49.6m @ 13.73g/t GKDH024: 10.7m @ 7.21g/t GKDH024: 10.7m @ 7.21g/t GKDH032: 57.8m @ 8.65g/t GKDH032: 57.8m @ 8.65g/t GKDH124: 4m @ 3.76g/t GKDH124: 4m @ 3.76g/t GKDH123: 10.85m @ 5.52g/t GKDH123: 10.85m @ 5.52g/t GKDH113: 27.75m @ 1.47g/t GKDH113: 27.75m @ 1.47g/t GKDH028: 14m @ 17.2g/t GKDH028: 14m @ 17.2g/t 1300m GKDH040: 26.26m @ 20.39g/t GKDH040: 26.26m @ 20.39g/t Strike extended 50mStrike extended 250m GKDH086: 15m @ 2.09g/t GKDH086: 15m @ 2.09g/t GKDH105: 15.75m @ 6.75g/t GKDH105: 15.75m @ 6.75g/t GKDH131: 6.9m @ 11.17g/t GKDH131: 6.9m @ 11.17g/t GKDH145: 7.37m @ 4.8g/t GKDH145: 7.37m @ 4.8g/t GKRC033: 14m @ 4.84g/t GKRC033: 14m @ 4.84g/t Inferred resource of 2.65Moz @ 6.29g/t

22. Gounkoto…orebody extensions and regional targets represent upside potential Gounkoto Inferred Resource 13.1Mt @ 6.29g/t for 2.65Moz Gounkoto Inferred Resource 13.1Mt @ 6.29g/t for 2.65Moz P64 Faraba Main Inferred Resource of 572 057oz at 2.63g/t Faraba Main Inferred Resource of 572 057oz at 2.63g/t Bandankoto FADH018: 24.12m @ 2.16g/t Bandankoto FADH018: 24.12m @ 2.16g/t Toronto 1km long structure + artisanal workings FARAB293 9m @ 1.77g/t FARC086 9m @ 2.84g/t FRT02 28m @ 1.25g/t FARAB453 6m @ 1.66g/t FARAB004 12m @ 1.88g/t Toronto 1km long structure + artisanal workings FARAB293 9m @ 1.77g/t FARC086 9m @ 2.84g/t FRT02 28m @ 1.25g/t FARAB453 6m @ 1.66g/t FARAB004 12m @ 1.88g/t Faraba Gap Faraba West FT51 5.9m @ 1.14g FT42 11m @ 1.7 g/t RC037 9m @ 0.94 g/t FADH016 12.65m @ 1.54g/t Faraba West FT51 5.9m @ 1.14g FT42 11m @ 1.7 g/t RC037 9m @ 0.94 g/t FADH016 12.65m @ 1.54g/t 1km N

23. Kibali…the right opportunity with strategic significance JV interest in Kibali increased to 45% Indicated resources increased by 23% Reserves increased by 67% Updated development roadmap indicates first production in early 2014 ! ! ! ! ! ! ! ! !

24. Kibali…a world class opportunity Total mineral reserves increased by 67% to 9.2 Moz and indicated resources by 23% to 13.9 Moz Open pit KCD deposit NESW 500m Resources Reserves

25. Kibali…an integrated gold mining and infrastructural project KIBALI MINE: PROJECT SCHEDULE construction, commissioning and production Project Phases 20102011201220132014 Project development and planning Resettlement and site clearing Pre-construction Main site construction Plant and infrastructure construct Start up d d d d d d d d d d d d d d

26. Kibali…a world class address with proven potential KCD Deposit KibaliGoldProject

27. Exploration remains the engine that drives our value creation strategy… ! ! ! ! ! ! ! ! ! KIBALI…a world class address with proven prospectivity MASSAWA…a significant discovery on a major belt-basin structure LOULO / GOUNKOTO… plus 15 million ounces with further upside potential TONGON…a new mine in a highly prospective region

28. Quarterended 31 Dec 2009 Quarter ended 30 Sept 2009 12 months ended 31 Dec 2008 Quarter ended 31 Dec 2008 12 months ended 31 Dec 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$) Group cash operating costs per ounce** *(US$) * Refer to explanation of non-GAAP measures provided ** Randgold Resources consolidates 40% of Morila and 100% of Loulo 338 572 199 970 138 602 45 163 75 937 47 020 41 569 57 501 257 631 428 426 467 421 78 057 49 251 28 806 10 350 14 658 9 315 9 124 20 387 257 631 107 321 459 416 103 472 68 165 35 307 13 056 15 731 13 568 11 322 10 481 520 765 118 925 573 522 139 153 72 099 67 054 14 232 49 793 38 679 32 080 7 413 589 681 137 332 525466 434 194 249 183 185 011 51 111 113 764 84 263 69 400 63 747 589 681 488 255 510458 Randgold Resources…a profitable gold company investing in its own future

29. Randgold Resources…long term value creation is our mission Randgold Resources 10 year performance vs Dow Jones 600 Index Source: Merrill Lynch BoA Share price performance (%) Randgold Resources Randgold Resources

30. Randgold Resources…growing our business profitably Forecast attributable production (Moz)

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

32. 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.