Randgold Resources    Annual Report 2005 39

Directors’ options

Market

price        Date

Number of options during the period

at date        from

At

    At   Exercise

of       which

1 Jan

    31 Dec       price    exercise     exerci-     Expiry

2005    Granted    Exercised      2005      (US$)      (US$)       sable        date

Executive

DM Bristow                           166 700

-

-  166 700     3.25

-    12/07/02 11/07/12

RA Williams

27 760

-         27 760

-     3.03      14.09    01/05/02 30/04/12

RA Williams

66 700

-         66 700

-     3.25      14.09    12/07/02 11/07/12

RA Williams                          125 000

-

-  125 000     8.05

-    06/08/06 05/08/16

Non-executive

BH Asher

25 400

-

-   25 400     1.65

-    29/01/01 28/01/11

J-A Cramer

25 400

-

-   25 400     1.65

-    29/01/01 28/01/11

RI Israel

25 400

-

-   25 400     1.65

-    29/01/01 28/01/11

P Liétard

25 400

-        25 400

-     1.65      14.09    29/01/01 28/01/11

AL Paverd

25 400

-        25 400

-     1.65      13.62    29/01/01 28/01/11

The high and low ordinary share prices for the company for the year under review were: ordinary shares on

the LSE (trading symbol RRS) and Nasdaq from 1 January 2005 to 31 December 2005:

Pound sterling on LSE (trading symbol RRS): High: £9.58; Low: £5.30

ADRs on the Nasdaq (trading symbol GOLD): High: US$16.77; Low: US$10.13

The share price at the year end, being 31 December 2005 was £9.27 for the ordinary shares trading on the LSE and

US$16.13 for the ADRs trading on the Nasdaq.

Directors’ shareholdings

At

At            At

28

Feb

 31 Dec     31 Dec   Beneficial/

2006

2005        2004          non-

number

number   number    beneficial

Executive

DM Bristow

728 400 606 700    556 700    Beneficial

RA Williams

160 000 160 000    100 000    Beneficial

Non-executive

BH Asher

14 614    13 248     16 420   Beneficial

J-A Cramer

2 148    782 12          466   Beneficial

RI Israel

14 614    13 248     12 466   Beneficial

AL Paverd

40 014    38 649

 -   Beneficial

P Liétard

27 548    26 182

 -   Beneficial

RAR Kebble*

-

-    550 000   Beneficial

§ This includes all shares issued to Dr DM Bristow in respect of his share award and restricted shares which have

vested in the name of each non-executive director. Currently, in terms of the US$30 000 awarded to each non-

executive director on 1 January 2005, the final 783 shares will be issued on 1 January 2007. In terms of the

US$30 000 awarded to each non-executive director on 1 January 2006, 584 were issued on 1 January 2006 whilst

the remaining 1 169 will be issued in two tranches of 584 and 585 shares on 1 January 2007 and 1 January 2008.

* Mr RAR Kebble resigned from the board on 3 November 2004.