Partnerships forprosperity…Abidjan, January 2017

Consolidating a solid portfolio in CIBuilding towards the next discovery

300km

Nafoun

NielleTongon Mine

Mankono

Fapoha North and South

Tiorotieri

Tengrela North

Boundiali

Tengrela South

Biebi NMCI

Kouassi-Datekro North and Centre

Exxorapplications

AOI JV RRL/Newcrest

Tchologo(Angoda)

AkrebiNMCI

NHighlights

08 permits held by RRL and partners (4,397km2)

04 applications passed CIM waiting for decrees

08 applications still being processed

New JV with Newcrest to boost exploration in SE CI

Taurus grounds (Afema)

Tongon near-mine opportunities…

Tongon west - Sekala gap1.4km long on ENE transfer zoneComplete detailed regolith mappingTest anomalism with pitting / AC drilling

Tongon NZ

Tongon NZ-Seydou south gap

1.4km longTrenching 6 AC drilling to test continuity

Seydou south4km to plant Potential for69 220oz @ 2.2g/t3DDH completed

Jubula11km to Tongon minePotential for 44 842oz @ 1.06g/tInfill trenching in progress prior to further infill RC drilling

Tongon west< 2km from plant Potential for 63 715oz @1.23g/t Geological model review Diamond drilling to test down dip potential

Sekala7km to plant3 DDH completed in line with modelUpdated resource of 76 862 oz @ 1.81g/t

Tongon SZ

Potential skarn target at the western side of the pluton over ENE structure

Coucal south800m long soil anomalism

Sekala 7km to plant. Resources

conversion to indicatedPotential of 45koz

JubulaPotential of 44,842oz @ 1.06g/t 11km to plant North Katonon

Strong arsenic anomaliesField validation and follow up planned

Seydou South 4km to plant

Potential of 69,000oz @ 2g/t

NafounPotential of 32,400oz (oxides) - 19km to plant

Yvette SouthPotential oxides of 94,593oz - 20km to plant

SOUGO

Priority targets

Next Priority targets

Greenfield targets

TONGON EASTPotential of 50,000oz 4.5km to plantModelling and follow up

Tongon West<2km to plant

Potential of 63,715oz

Nafoun E

Further opportunities along strike on the Tongon structure…

Deliver mineable resources from Seydou and Sekala Develop second order satellites for additional resources Deliver 02 follow targets from Nielle greenfield

N

FONONDARA MAIN

Boundiali… significant opportunities and exciting pipeline targets

TIASSO CORRIDOR+25km corridor of the Syama structure with strong untested soil anomalies. 03 priority targets for follow up

Corridor of +35km long. Infill soil generating new targets on Fonondara and Syama structures with strong structural complexity

SANI

KASSERE

Mariama targetTrench ongoing to test

HG (+3g/t) lithos

Nata targetFirst pits returned up to

2.6g/t and alteration. Trench ongoing

Lafi target75m wide alteration from first pits. Trench ongoing

Baya target200m wide anomalism (+3.7g/t) from first pit results. Follow up trench ongoing

Infill soil sampling generated 04 strong targets over 27km

Fonondara South Extension+14km strong soil anomalieson favorable structural settingSurface work progressing

Focus on generating targets along strike of Gbongogo New strong target delineated at Kowa (+6g/t in soil) NS-NNW trending major structure separates the 02 targets Interesting structural setting

Mankono…Focus on extending Gbongogo and finding more opportunities in the permit

Major regional structure Gbongogo Intrusive

~700,000oz @ 1.70g/t

Kowa targetStrong soil anomaly over 2.8km in strike and over 400m wide and up to 6g/t in soil

GBDDH004 76.95m @ 2.50g/t Incl.

18.20m @ 6.16g/t; 14.40m @ 2.68g/t

NGBDDH009

36.65m @ 1.48g/t15.66m @ 2.87g/t incl.

11.60m @ 3.77g/t

GBDDH007130.20m @ 2.68g/t 10.70m @ 15.02g/t and 8.10m @ 3.71g/t

GBDDH00281.70m @ 1.68g/t incl.

15.00m @ 3g/t and 7.50m @ 5.69g/t

Mineralized intrusive

Tongon upside opportunitiesSekala (7km) and Seydou (4km) satellites from the plant

• 7Km to Plant;• 600m of E-W Strike mineralisation hosted by

volcanic Tuff;• Potential for 45Koz.

Base of indicated ore

4Km to Plant 630m of NE Strike mineralization hosted by volcanic

Tuff/VC

2016 Seydou Resources(@ 0.63g/t cut-off, within 2016-nov $1500 pit shell)

Recast Grade (g/t) Tonnes Metal (g) Ounces

Indicated 2.03 520,321 1,054,065 33,889

Inferred 2.39 460,371 1,099,104 35,337

Total ore 2.20 980,693 2,153,169 69,226

2017-Jan. Sekala Resources(@ 0.5g/t cut-off)

Recast Grade (g/t) Tonnes Metal (g) Ounces

Indicated 1.86 848,374 1,579,168 50,771

Inferred 1.72 472,830 811,497 26,090

Total ore 1.81 1,321,204 2,390,665 76,862

Exploration objectives for 2017…

Regional

Continue developing our ground holding in Ivory Coast – Secure all prospective

available grounds in SE

Expand exploration on permits recently granted

Near-mine and greenfield at Tongon

Add value at Tongon with resources conversion from Seydou and Sekala and

converting potential below the existing pits

Define further near-mine opportunities for further flexibility at Tongon

Greenfield exploration

Deliver updated resource estimates at Gbongogo towards replacement for the

Tongon operation

Fast track delivery along the Boundiali belt structure as a priority project with the

potential to deliver a +5Moz greenfield prospect

Tongon…Randgold’s history in Côte d’Ivoire

1996 2001 2002 2007

2012

2008

2008

2010

20102010

Aug 2012

2011

Nominated best mine in Côte d’Ivoire

2011

20142012

2010

ISO14001 Certification

2012

2013 2015Nominated best mine in Côte d’Ivoire

2015Tongon Mine pays off its

shareholders loan

Randgold returns and commences 30 000m

drilling programme

Acquired Nielle exploration permit

Finalised prefeasibility study

Total resource 2.9MOz@2.6g/t

Force Majeure declared –

exploration office closed

Reserve increased by

26% to 3.16Moz @

2.57g/t

First ore fed to Mill 1

on oxide ore

Mill 2 commissioned on oxide ore

Mine officially opened by president

Grid power switched on

Transition to 100%

sulphide oreProduction continued as political crisis escalated

First gold poured

Mine construction

started

Oxygen plant upgraded from

20-30tpd

Additionalgensets

commissioned

OHSAS18001 certification

Tongon Mine declares and

pays first dividend

2016

Tongon Q3 performance indication…

Significant improvement in production from 54 122oz in Q1 to 71 187oz in Q3

Total cash cost per oz decreased from $900/oz in Q1 to $732/oz in Q3

Improvement on gold recovery from 81.8% in Q1 to 84.2% in Q3

The revised mine plan continued to target 260 000oz 2016

Remedial actions implemented show an upward trend in both recovery and throughput

Actions implemented to minimise the impact of grid power disruptions:

Installation of six new 3512B CAT generators is in progress to boost our total generated power supply capacity to 24MW, making it possible to operate the total process plant on generated power. Reconfiguration of the powerhouse Busbar, purchase of a spare transformer and capacitors are in progress to improve power usage flexibility and enable the mine to better manage grid power supply instability.Regular liaison with Abidjan and Korhogo grid power supply management to eliminate nuisance stops, synchronize maintenance activities and detect potential problems in the grid power supply so that the mine can make preparations and prevent power disruptions... daily

National human capital developed by on-the-job training as business owners and educating in business management3, leadership and financal skills.

Sustainability team focuses on agri-business and community projects.

Tongon mine…operating results for first 9 months

1111Refer to Q3 2016 quarterly report for footnotes

30 Sep2016

30 Jun2016

31 Mar2016

MiningTonnes mined3 (000) 6 288 7 282 7 835

Ore tonnes mined (000) 1 162 962 910

MillingTonnes processed (000) 1 014 744 975

Head grade milled (g/t) 2.6 2.5 2.1

Recovery (%) 84.2 83.3 81.8

Ounces produced 71 187 50 391 54 122

Ounces sold 69 236 48 622 55 273

Average price received ($/oz) 1 333 1 270 1 189

Cash operating costs1 ($/oz) 692 894 865

Total cash costs1 ($/oz) 732 932 900

Gold on hand at period end2 ($000) 5 361 2 778 412

Profit from mining activity1 ($000) 41 565 16 438 15 394

Gold sales1 ($000) 92 275 61 744 65 698

Quarter ended

467

491

509

498494

504

519 521

530

545

420

440

460

480

500

520

540

560

Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016

Complete hydrocone crusher installation

Rougher cell 1 operation

Flash flotation optimisationFirst Quaternarycrusher installation

New circuit commissioned

Rougher cell 2 and 3 operation

Tongon operational efficiency…

Flotation upgrade and crushing circuit extension

Flotation upgrade 4th crushing stage

Relocation of

the dewatering circuit

Mill throughput and recovery…

488

2 955

3 432

3 866 3 984 4 018

975744

1 013

0

10

20

30

40

50

60

70

80

90

100

0

500

1 000

1 500

2 000

2 500

3 000

3 500

4 000

4 500

2010 2011 2012 2013 2014 2015 Q1‐16 Q2‐16 Q3‐16

Gold RecoveryThroughput

Throughput, Kt Recovery,%

Plans implemented to improve throughput…

Preventive maintenance and stable power

Stabilize and optimize the 4th crushing

Raising Ball Mill power draw to 6.3 MW

Increasing the crushing power of the tertiary cone crushers

Maximize crushing circuit run time

Rebuild of all the tertiary cone crushers

Optimize total crushing circuit with the crusher supplier

Q1 2017

Q1 2017

Recovery and ounces produced…

250 390

210 615

233 590

227 103242 948

54 122 50 391

71 188

0

50 000

100 000

150 000

200 000

250 000

300 000

65

70

75

80

85

90

95

2011 2012 2013 2014 2015 Q1-16 Q2-16 Q3-16

Gol

d pr

oduc

ed,

oz

Gol

d R

ecov

ery,

%

Gold produced, oz Recovery,%

Recovery optimisation…

Optimization of the rougher flotation circuit and UFG plant

Installation of Aachen reactor in Tank 2

Installation of the hydrogen peroxide injection system

Maintaining the milling product size @ 70% passing 75 microns

Increase the pulp residence time at the rougher circuit – installation of a 4th flotation rougher cell

Installation of an additional 20 tonne oxygen plant

Main actions taken to address recovery challenges:

Q3 2017

Q2 2017

Objectives:

Increase throughput to the targeted +4.5mtpa

Produce 290koz per annum over the LOM

Maintain and excel in our “social license” to operate - develop through our partnership creation and stakeholder engagement

Find additional resources and reserves to extend the LOM

Maintain and improve our environmental, health and safety KPI’s, including eliminating LTIs and reducing Malaria incidence rate

Opportunities:

Potential additional ounces with Seydou Satellite (605 792t @ 2.42g/t for 470koz)

Potential additional ounces +100koz in NZ pit between $1000 pit - $1200 pit over 400m strike length

Solid portfolio of exploration targets

Reduce costs through increased production and efficiencies

Looking ahead…

Throughput:Optimise the total crushing circuits together as a whole to obtain the 740tph at -9.5mm of crushed product Upgrade the mill motors to 8MW and reconfiguring the mill liner design to enable increased mill throughputImprove ore ‘drill and blast’ fragmentation and hence fines generation to the process plant from the pitReconfigure the busbar design to allow the total plant to be operated on generated power during grid power outage occurrences

Recovery:Increase the rougher flotation capacity to enable increased concentrate mass pull and hence recoveryMaster the advanced ore body metallurgical testwork as an early indication of its amenability to cyanidation and the required reagent suite and treatment to maximize recoveryOptimise the ultrafine grind of concentrates and the separate treatment of flotation rougher concentrates and tails.

Looking ahead…actions

CIE Utilisation

kWh million

0,00

0,02

0,04

0,06

0,08

0,10

0,12

0,14

0,16

0,18

0

2

4

6

8

10

12

14

16

18

20

Energy Supplied from Grid Energy Supplied by Powerhouse Total Power Cost

CIE creditsreceived

$/kWh

Tongon… power generation

Tongon power supply upgrades

Installation of five new 3512B CAT generators to increase the capacity of Tongon power plant to be able to supply the mine in case of power cut

Installation of new capacitors at the substationto absorb the fluctuation and stabilize the voltage

Reconfiguration of the powerhouse busbar for flexibility by selecting the power source (grid or genset)

Tongon still remains ISO 14001 & OHSAS 18001 certified

Malaria incident rate decreased year on year (reduction+75% since the start of the mine in 2010)

Effective management of Public Health (Malaria, HIV /AIDS, EBOLA) through prevention programmes on theMine and surrounding Community.

Tongon is in control of occupational health surveillance foremployees namely X-rays Spirometry, Audiometry andBiological assessments working in different zones withdifferent occupational exposures

Tongon…safety, health and environment

Zero Class 1 and zero major environmental incidents

Effective water management: 70% reduction in freshwater usage. 68% of process water recycled

Continual good water management system in placewith priority to reuse process water.

Stack emission analysis was conducted by ENVAL,Abidjan, on the gensets, incinerator, vehicles and theSGS lab – Results show no negative impact from ouroperations

Tongon Environmental Audit was successfully validatedby ANDE for the next 3 yrs.

.

EnvironmentHealth and Safety

2,33

0,19 0,240,45

0

0,8

0,4

0

0,5

1

1,5

2

2,5

2010 2011 2012 2013 2014 2015 2016

LTIFR

132

89

65 6050 42

50

50

100

150

2010 2011 2012 2013 2014 2015 2016

Malaria Incident Rate 2010-2016

1,10

0,48

0,02

0,200,32 0,26

0,00

0,20

0,40

0,60

0,80

1,00

1,20

2011 2012 2013 2014 2015 2016

Fresh water used / ton milled

Tongon SA: 97% IvoiriansContractors: 91% IvoiriansCapital: 89% IvoiriansGrand Total: 1 741 Employees Ratio (%): 93% Ivorians

Tongon invests in the local workforce…

RegionCompanies

Tongon Capital

Tongon SA

ToMi & Cont

SGS Air Liquide

FAT Security OKS Max. Othersubcontr

.

SubTotal

Capital Total

Community 489 475 53 2 26 51 53 11 951

25531

1 286

Other CI 94 127 7 1 1 53 9 11 26 329 1 330

Other West Africa 3 45 3 4 12 1683

83

Other Expatriates 14 23 1 38 4 42

Total 600 670 63 3 28 108 74 22 1371

70536

1 741

% Ivoirian 97 90 95 100 96 96 84 100 88 93 89 93

17,76,8 6,3 5,9 4,8 2,6 2,8

82,393,2 93,7 94,1 95,2 97,4 97,2

0

50

100

150

2010 2011 2012 2013 2014 2015 2016

Tongon Expats vs. National Employees

% Expatriés % Nationaux

Tongon contribution to CDI economy…$0.9 billion

Direct and indirect taxes

$45.6m

Royalties$56.7m

Local suppliers, local salaries, community

investment$787.5 Total contribution

$0.9 billion

Dividend & IRVM$4.4m

Community investment…$6.48million (CFA 3.9 billion) spent to date

0

200

400

600

800

1000

1200

2008 - 2011 2012 2013 2014 2015 Q3 2016

US

$ 00

0

Health Education Potable water

Investment in key sectors – education, water, health, agriculture, health and roads

Invested in 15 projects… >$550k in 2016

33%

35%

4%

26%

2%

Education Health Infrastructurewater Agriculture

Focus on sustainable development and revenue-generating projects…

Village Project Contractors Cost (CFA) Cost ($) Progress %

Poungbe Abattoir ECGC 9 652 500 16 500 Completed 100

TongonRestaurant-Bar-Dancing EKD

49 725 000 85 000 Painting and floor ongoing 80

Katonon Maize farm (40ha) Katonon Community

10 000 000 17 094Harvest on going 85

Kofiple Maize farm (40ha) Kofiple Community

10 000 000 17 094Harvest on going 85

Sekonkaha Upgrading the existing dam

SavaneConstruction

26 429 130 45 178Started after the raining season

10

All villagesTwo Tractors for farming around the dam

Comafrique 50 895 000 87 000 Delivered 100

TOTAL 156 701 630 267 866

Agri-business project progress…

Poultry farming: 3 chicken coops for broilers, run by:

Kationron community (capacity 1000 Chickens)Tongon community (capacity to 1000 Chickens)Kofiple Community (capacity 500 Chickens)4000 chickens produced and sold and another 1500 on the process. A total of 5500 chickens for this year.

2 Chicken coops of 500 layers each for the villages of Korokara and Katonon are completed and being equipped

From the Training to Profitability

Fish Farming: 15 floating Cages 3 968 kg fishes process and sold mainly to workers and to the community also, 6 139 fish still in the growth stage

17000 new fish seed (out of 35000 expected) deliveredFive new (5) cages to be build to reach the target of 20 cages

Pig farming:The reproduction phase is ongoing;59 births been recorded (52 alive and 7dead).Two pigstiesThe remaining subjects for the two pigsties is 81 pigs.

Leaving a legacy… seeds for largescale agribusiness…

80ha maize project started…securing marketFish farming floating cages increased to 15 cages…plan to scale it up. 5ha women gardens including 4ha of hot peppers 2500 broilers and 2000 layers soonTwo pigsties of 25 pigs (reproduction phase) a third one soon planned for M’bengué8 sales points will be constructedEngaging with SCB for large scale fruits productionMicrofinance

Microfinance ProjectMicrofinance project…

February 2014 to Now, Good partnership

Total amount of $100 000 put at PAMF CI’s disposal

1 397 beneficiaries. From 8 villages (our original community area) in the beginning to the current 35 villages. An average loan granted of CFA 218 767

4th cycle in loan turnover - total loans granted at CFA 305 617 050 at end October 2015

Current rate of reimbursement is 98.8%

Credibility with the populations

Visible impact on the beneficiaries (improved quality of life)

New convention under finalization

to fund development projects, which costs are higher than the current average loan granted

To support the Agribusiness projects

Disclaimer…

Randgold reports its mineral resources and mineral reserves in accordance with the JORC 2012 code. As suchnumbers are reported to the second significant digit. They are equivalent to National Instrument 43-101. Mineralresources are reported at a cut-off grade based on a gold price of US$1 500/oz.The reporting of mineral reserves is also in accordance with Industry Guide 7. Pit optimisations are carried out at agold price of US$1 000/oz, except for Morila which is reported at US$1 300/oz. Mineral reserves are reported at acut-off grade based on US$1 000/oz gold price within the pit designs. Underground reserves are also based on agold price of US$1 000/oz. Dilution and ore loss are incorporated into the calculation of reserves. Cautionary noteto US investors: The United States Securities and Exchange Commission (the SEC) permits mining companies, intheir filings with the SEC, to disclose only proven and probable ore reserves. Randgold uses certain terms in thisannual report such as ‘resources’, that the SEC does not recognise and strictly prohibits the company fromincluding in its filings with the SEC. Investors are cautioned not to assume that all or any parts of the company’sresources will ever be converted into reserves which qualify as ‘proven and probable reserves’ for the purposes ofthe SEC’s Industry Guide number 7.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Except for the historical informationcontained herein, the matters discussed in this presentation are forward-looking statements within the meaning ofSection 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934, andapplicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statementswith respect to the future price of gold, the estimation of mineral reserves and resources, the realisation of mineralreserve estimates, the timing and amount of estimated future production, costs of production, reservedetermination and reserve conversion rates. Generally, these forward-looking statements can be identified by theuse 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 ofsuch words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will betaken’, ‘occur’ or ‘be achieved’. Assumptions upon which such forward-looking statements are based are in turnbased on factors and events that are not within the control of Randgold Resources Limited (‘Randgold’) and thereis no assurance they will prove to be correct. Forward-looking statements are subject to known and unknownrisks, uncertainties and other factors that may cause the actual results, level of activity, performance orachievements of Randgold to be materially different from those expressed or implied by such forward-lookingstatements, including but not limited to: risks related to mining operations, including political risks and instabilityand risks related to international operations, actual results of current exploration activities, conclusions ofeconomic evaluations, changes in project parameters as plans continue to be refined, as well as those factorsdiscussed in Randgold’s filings with the US Securities and Exchange Commission (the ‘SEC’). Although Randgoldhas attempted to identify important factors that could cause actual results to differ materially from those containedin forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated orintended. There can be no assurance that such statements will prove to be accurate, as actual results and futureevents could differ materially from those anticipated in such statements. Accordingly, readers should not placeundue reliance on forward-looking statements. Randgold does not undertake to update any forward-lookingstatements herein, except in accordance with applicable securities laws.CAUTIONARY NOTE TO US INVESTORS: The SEC permits companies, in their filings with the SEC, to discloseonly proven and probable ore reserves. We use certain terms in this release, such as ‘resources’, that the SECdoes not recognise and strictly prohibits us from including in our filings with the SEC. Investors are cautioned notto assume that all or any parts of our resources will ever be converted into reserves which qualify as ‘proven andprobable reserves’ for the purposes of the SEC’s Industry Guide number 7.