edward nathan sonnenbergs
        law | tax | forensics | IP | africa
  SALE OF INTEREST AGREEMENT
 entered into between
 DRDGOLD LIMITED
 (Registration No. 1895/000926/06)
 and
 ERGO MINING PROPRIETARY LIMITED
 (Registration No. 2007/004886/07


law | tax | forensics | IP | africa
  TABLE OF CONTENTS
 Clause number and description
 Page
 1.
 INTERPRETATION AND
  PRELIMINARY................................................................................................. 2
 2.
 RECORDAL.................................................................................................................................................. 4
 3.
 CONDITIONS
  PRECEDENT..................................................................................................................... 5
 4.
 SALE OF THE SOLD INTEREST AND PAYMENT
  ................................................................................ 6
 5.
 TRANSACTION IN TERMS OF SECTION 45 OF THE INCOME TAX ACT
  ....................................... 7
 6.
 WARRANTIES AND REPRESENTATIONS
  ........................................................................................... 8
 7.
 BREACH....................................................................................................................................................... 8
 8.
 DOMICILIUM CITANDI ET EXECUTANDI
  .............................................................................................. 8
 9.
 STIPULATIO
  ALTERI................................................................................................................................ 10
 10.
  MEDIATION................................................................................................................................................. 10
 11. WHOLE AGREEMENT, NO AMENDMENT............................................................................................. 11
 12. EXECUTION IN COUNTERPARTS......................................................................................................... 11


2
 WHEREBY  IT  IS  AGREED  AS  FOLLOWS :
  INTERPRETATION AND PRELIMINARY
         vice versa
   vice versa
    Agreement
   Conditions Precedent
 Conditions Precedent
 Crown
  DRDGold
  Effective Date
 Elsburg JV
   ERGO
  ERGO Shareholders’ Agreement


3
 ERPM
  Income Tax Act
 Purchaser
   Sold Interest
   VAT
 VAT Act
  Date of Signature Hereof


4
   eiusdem generis
                        eiusdem generis
   RECORDAL
   inter alia


5
                    CONDITIONS PRECEDENT
        inter alia


6
        th
      SALE OF THE SOLD INTEREST AND PAYMENT
   the Purchase Price


7
                VAT


8
      TRANSACTION IN TERMS OF SECTION 45 OF THE INCOME TAX ACT
 intra-group
 transaction
     WARRANTIES AND REPRESENTATIONS
             voetstoots
  BREACH
           DOMICILIUM CITANDI ET EXECUTANDI
  domicilia citandi et executandi


9
    DRDGold:Physical:     
  Quadrum Office Park, Floor 1, Building 1, Constantia Boulevard,
      
  The Purchaser:Physical:    
  Quadrum Office Park, Floor 1, Building 1, Constantia Boulevard,
      
       domicilium citandi et executandi vis-à-vis
  vis-à-vis
 th
       domicilium citandi et
 executandi
  th
    domicilium citandi et executandi


10
    domicilium citandi et
 executandi
  STIPULATIO ALTERI
 stipulatio alteri
  stipulatio alteri
  MEDIATION
                bona fide


11
      WHOLE AGREEMENT, NO AMENDMENT
               pactum de non petendo
           EXECUTION IN COUNTERPARTS


12
      DRDGOLD LIMITED
 /s/ CC Barnes Name: C C Barnes Capacity: Director Who warrants that his /her authority hereto
   For and on behalf of ERGO MINING PROPRIETARY LIMITED
 /s/ M Burrell Name: M Burell Capacity: Director Who warrants that his /her authority hereto