R lt f th t d dResults for the quarter ended 30 September 2008

John Sayers, CEO, DRDGOLDC i B CFO DRDGOLDCraig Barnes, CFO, DRDGOLDNiël Pretorius, CEO Designate, DRDGOLD23 October 2008

Disclaimer

Many factors could cause the actual results, performance or achievements to bematerially different from any future results performance or achievements that maymaterially different from any future results, performance or achievements that maybe expressed or implied by such forward-looking statements, including, amongothers, adverse changes or uncertainties in general economic conditions in themarkets we serve, a drop in the gold price, a continuing strengthening of the Randagainst the Dollar, regulatory developments adverse to DRDGOLD or difficulties in

i t i i li th t l l h imaintaining necessary licences or other governmental approvals, changes inDRDGOLD's competitive position, changes in business strategy, any majordisruption in production at key facilities or adverse changes in foreign exchangerates and various other factors.

These risks include, without limitation, those described in the section entitled "RiskFactors" included in our annual report for the fiscal year ended 30 June 2007, whichwe filed with the United States Securities and Exchange Commission on 14December 2007 on Form 20-F. You should not place undue reliance on theseforward-looking statements, which speak only as of the date thereof. We do notundertake any obligation to publicly update or revise these forward-lookingstatements to reflect events or circumstances after the date of this report or to theoccurrence of unanticipated events.

2

Key features

• Headline earnings per share of 10.5 cents

• Acquisition of further 15% interest in Elsburg JV

• Commissioning of first CIL circuit at ERGO plant on track to begin in December quarter

• Commissioning of Top Star dump on track to begin in December quarterece be qua e

• Way Ahead Project production on track to begin in December quarter

3

Operational review – quarter

Cash operating costs

(US$/oz)

Productionoz

Capital expenditure

R millionComment

Continuing operationsContinuing operations

Blyvoor 798 32 054 17.4 Section 54 closures: 15 production days lost

Crown 544 23 985 12.2 Higher grade material boosts production

ERPM 1 003 14 822 4.3 Underground drilling, blasting may be suspended

Joint venture*

Ergo* – – 36 2 On track: plant commissioning production build-upErgo 36.2 On track: plant commissioning, production build up

Average/total 755 70 861

* DRDGOLD SA 50%

4

Financial review

Quarter Quarter QuarterQSep 2008

QJun 2008

QSep 2007

Continuing operations Rm Rm Rm

Gold revenue 476.7 495.4 433.0

Net operating costs (419 5) (368 5) (371 3)Net operating costs (419.5) (368.5) (371.3)

Operating profit 57.2 126.9 61.7

Investment income 32.9 35.1 (2.3)

Impairments (47.6) (63.9) –

Financial liabilities 7.3 (88.5) –

Other costs (44.3) (61.6) (46.7)

Profit/(loss) before tax 5.5 (52.0) 12.7

Taxation (14 3) 85 4Taxation (14.3) 85.4 –

(Loss)/profit after tax (8.8) 33.4 12.7

Discontinued operations – 11.1 951.4

Net (loss)/profit (8.8) 44.5 964.1

5

Attributable to shareholders 3.1 40.2 757.1

Statement of financial positionas at 30 September 2008as at 30 September 2008

R million R millionR million R million30 Sep 2008 30 Jun 2008

Non-current assets 1 085.3 1 073.3

Cash and cash equivalents 809.0 846.1

Other current assets 227.6 343.1

Total assets 2 121.9 2 262.5

Equity 1 240.7 1 305.5

Long-term liabilities 539 1 529 7Long-term liabilities 539.1 529.7

Current liabilities 342.1 427.3

Total equity & liabilities 2 121.9 2 262.5

6

Current ratio 3.03 2.78

Blyvoor

• Key features

• 15 production days lost due to safety-related closures, days of mourning

• power price hike hits costs• power price hike hits costs

• WAP production begins

7

ERPM

• Key features

• underground grade improves, post restructuring

• surface production declines due to lower grade

• underground drilling and blasting may have to be suspended

8

ERPM: pumping cross-section

HDS Plant

Uncontrolled Overflow Point160 t b 24 l l

Uncontrolled Overflow Point190 metres above 24 level

South West Vertical Shaft South East Vertical

24 Level Pump Station

Ros

Water Level 160 metresROR 2.0 metres/day

160 metres above 24 level

Submersible Pump Platform(40 metres below 24 level)

Water level4.0 metres below 24 level

se

De Water Height 722 metreseep

42 L l SEV

gRate of rise 2.0 metres/day

9 Stage Pumps(Max 720 metres)

9

42 Level SEV

5-12 Ml/day

Crown

• Key features

• higher grade material boosts gold production

• preparations to mine Top Star under way

f f• throughput adjusted to 400 000 tpm for tailings facility maintenance

10

Crown: Top Star Project

• Reserve: 5.2Mt; 129 567oz

• Recovery: 260 000tpm; 3 890oz

• Head grade: 0.775g/t

Recovered grade: 0 465g/t• Recovered grade: 0.465g/t

• Capex: R36.4m

• Opex: R42-48/tp

• Project life: 20 months

• NPV

• R107.5m at gold price of R200 000/kg*

• R118.9m at gold price of R210 000/kg*

• R130 3m at gold price of R220 000/kg*

11

• R130.3m at gold price of R220 000/kg

*discounted by 20%

ERGO Phase 1: ready to go

12

Three focus areas

13

R lt f th t d dResults for the quarter ended 30 September 2008

John Sayers, CEO, DRDGOLDC i B CFO DRDGOLDCraig Barnes, CFO, DRDGOLDNiël Pretorius, CEO Designate, DRDGOLD23 October 2008