Media releases

DRD lists on Port Moresby Stock Exchange

DRD today listed on the Port Moresby Stock Exchange (POM SoX), reflecting the company’s growth as one of PNG’s major gold producers.

Port Moresby, Papua New Guinea. Wednesday, 18 August 2004. Durban Roodepoort Deep, Limited (JSE: DUR; NASDAQ: DROOY; ASX: DRD; POM SoX: DRD) today listed on the Port Moresby Stock Exchange (POM SoX), reflecting the company’s growth as one of PNG’s major gold producers.

After the customary ringing of the bell at POM SoX to allow trading to commence in a new stock, DRD Executive Chairman Mark Wellesley-Wood said the listing reflected DRD’s long term commitment to PNG.

South African-based DRD, the world’s ninth largest gold producer, has owned and operated the Tolukuma Gold Mine in PNG since 2000 and in October last year completed the acquisition of 20% in the Porgera Gold Mine Joint Venture. The DRD Group produces almost 1 million ounces of gold annually from its South African, PNG and Fijian operations.

Annual attributable production from the company’s PNG gold mining operations totaled 233,190 ounces to June 04, delivering a cash operating profit from both operations of US$42.6 million.

Wellesley-Wood said the company’s June quarter results released last week were testament to the strength of the PNG operations.

“The operating profit generated by our PNG operations this year has vindicated our decision two years ago to recapitalise Tolukuma and target Porgera to reduce the impact of the overpriced Rand on our South African operations.

“The Port Moresby Stock Exchange listing gives potential PNG investors the simplest, most straight-forward and equitable means to invest in one of the country’s fastest growing gold producers.”

Local POM SoX director and managing director of PNG based Capital Stockbrokers, Paul McLaren, welcomed DRD’s inclusion on the exchange and believed it provided a legitimate opportunity for the company to make a local share placement to raise capital for DRD’s future growth in PNG.

“We are delighted DRD has chosen to list on POM SoX. It adds further exposure for local funds to invest in a company committed to increasing PNG gold production,” McLaren said.

DRD will be listed on POM SoX as a foreign entity with any shares issued having a PNG status. While DRD is listed on a number of exchanges globally, , including the JSE Securities Exchange in South Africa, NASDAQ in the US, the London Stock Exchange, the ASX in Australia, and four European exchanges, all DRD’s shares can be traded through brokers on POM SoX regardless of point of issue.


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 and Media Relations
Susan Borinelli, Breakstone & Ruth International
+1 646-536-7018 (office)
+1 917-570-8421 (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 2004, DRD produced 905 000 ounces of gold, up from under 100 000 ounces a year in 1997, when current operations were amalgamated.

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Some of the information in this voluntary release may contain projections or other forward looking statements regarding future events or other future financial performance, including statements regarding the production performance at the South African operations, and DRD's ability to diversify its assets and grow outside South Africa. We wish to caution you that these forward-looking statements are not guarantees or predictions of future performance, and involve known or unknown risks, uncertainties and other factors, many of which are beyond our control and which may cause actual events or results to differ materially from these expressed in the statements contained in this release.

Factors that could cause or contribute to such differences are discussed in the sections entitled 'Risk Factors' included in our annual report on Form 20-F for the fiscal year ended 30 June 2003, which we filed with the United States Securities and Exchange Commission on 30 December 2003 and is available on the SEC's website at We undertake no obligation to publicly update or release results of any of these projections or forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results

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