Media releases

DRD Chairman appointed Emperor Managing Director

The Board of Directors of Emperor Mines Limited yesterday appointed Mark Wellesley-Wood as Managing Director

Johannesburg, South Africa. Wednesday, 4 August 2004. Durban Roodepoort Deep Limited, (JSE: DUR; NASDAQ: DROOY; ASX: DRD) The Board of Directors of Emperor Mines Limited (“emperor”) yesterday appointed Mark Wellesley-Wood as Managing Director.

Wellesley-Wood is the Executive Chairman of Durban Roodepoort Deep, Limited (“DRD”), which owns 45.3% of Emperor following the close last Friday (30 July) of its takeover offer for all the shares in Emperor.

Wellesley-Wood has been a non-executive Director of Emperor since 2002.

He replaces Greg Starr, who has resigned as Managing Director and as a member of the Board, with immediate effect. The board vacancy created by Starr’s resignation has been filled by Richard Johnson, DRD Group Divisional Director, Australasia. Mr Johnson is responsible for DRD’s growth and gold operations throughout the Australasian region.

DRD will now be represented on the Emperor Board by Wellesley-Wood, Johnson and David Baker, who is a non-executive Director of DRD and was appointed to the Emperor Board with Wellesley-Wood in 2002.

Wellesley-Wood thanked Starr for initiating the strategic re-vamp at Emperor and wishes him every success with his future endeavours. To assist with changeover, Starr will consult to Emperor for the next four months.

The appointment of Wellesley-Wood as Managing Director and Johnson as non-executive Director confirms DRD’s support for Emperor and commitment to developing the Vatukoula mine in Fiji.

DRD’s technical skills and experience with underground epithermal gold mining will substantially boost Emperor’s ability to become a major gold producer in the region, together with financial support for the proposed recapitalisation.

DRD has also notified Emperor of its intention to move a number of resolutions at a General Meeting of shareholders, designed to reduce the size of the Board, while acknowledging the need for a majority of independent directors.


South Africa
Investor and Media Relations
Ilja Graulich, Durban Roodepoort Deep, Limited
+27 11 381 7826 (office)
+27 83 604 0820 (mobile)

James Duncan, Russell & Associates
+27 11 880 3924 (office)
+27 82 892 8052 (mobile)

North America
Investor Relations
Susan Borinelli, Breakstone & Ruth International
+1 646-536-7018 (office)
+1 917-570-8421 (mobile)

Media Relations
Jessica Anderson, Breakstone & Ruth International
+1 646-536-7002 (office)
+1 347-423-5859 (mobile)

Investor and Media Relations
Paul Downie, Porter Novelli
+61 893 861 233 (office)
+61 414 947 129 (mobile)

United Kingdom/Europe
Investor and Media Relations
Phil Dexter, St James's Corporate Services
+44 20 7499 3916 (office)
+44 779 863 4398 (mobile)

DRD is the world’s 9th largest gold producer, with mines in South Africa as well as Australasia, a key target for growth. The company has a track record of success in extending the lives of older mines safely and profitably. For fiscal year 2003, DRD produced 870 000 ounces of gold, up from under 100 000 ounces a year in 1997, when current operations were amalgamated.

DRD has primary listings on the Johannesburg (JSE:DRD) and Australian (ASX:DRD) stock exchanges and secondary listings on NASDAQ (DROOY), the London Stock Exchange and the Paris and Brussels Bourses. Its shares are also traded on the regulated unofficial market of the Frankfurt Stock Exchange and the Berlin OTC Market.

For more information, please visit or

U.S. Disclosures

Some of the information in this media release may contain projections or other forward looking statements regarding future events or other future financial performance. We wish to caution you that these statements are only projections and those actual events or results may differ materially. In reviewing, please refer to the documents that we file from time to time with the SEC, specifically to our annual report on Form 20-F. These documents contain and identify important factors that could cause the actual results to differ materially from those contained in our projections or forward looking statements, including such risks as difficulties in being a marginal producer of gold, changes and reliability of ore reserve estimates, gold price volatility, currency fluctuations, problems in the integration of operations, exploration and mining risks and a variety of risks described in our annual report on Form 20-F. We undertake no obligation to publicly release results of any of these forward looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results.

The DRD shares mentioned in this release and offered in the take-over offer have not been registered under the U.S. Securities Act and may not be offered or sold within the United States or to U.S. persons unless they are registered under the U.S. Securities Act or an exemption from the registration requirements of the U.S. Securities Act is available.

The offer described in DRD's Bidder’s Statement dispatched on 13 April 2004 is made for the securities of an Australian company. The offer is subject to disclosure requirements in Australia that are different from those of the United States. Certain financial statements included in the Bidder's Statement have been prepared in accordance with South African, Australian and/or International Accounting Standards that may not be comparable to the financial statements of United States companies. It may be difficult for Emperor's shareholders to enforce their rights and any claim they may have arising under the U.S. federal securities laws, since DRD is located in South Africa, and all of its officers and directors are residents of countries other than the United States. Emperor's shareholders may not be able to sue DRD or its officers or directors in a non-U.S. court for violations of U.S. securities laws. It may be difficult to compel DRD and its affiliates to subject themselves to a U.S. court’s judgment. You should be aware that DRD may purchase securities otherwise than under the offer in DRD's Bidder’s Statement, such as in the open market or privately negotiated transactions to the extent permitted under Australian law.

COOKIES: This site uses cookies to enhance your website experience. See our privacy policy for further details.