Document:

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                                                                  EXECUTION COPY

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                                                          INVESTMENT NUMBER 2429

                           SHARE SALE, ASSIGNMENT AND
                              ASSUMPTION AGREEMENT

                                     BETWEEN

                       RANDGOLD RESOURCES (SOMISY) LIMITED

                                       AND

                        INTERNATIONAL FINANCE CORPORATION

                               DATED JULY 12, 2002

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<PAGE>

                           SHARE SALE, ASSIGNMENT AND
                              ASSUMPTION AGREEMENT

         This SHARE SALE, ASSIGNMENT AND ASSUMPTION AGREEMENT (this
("Agreement") is entered into on July 12, 2002, between RANDGOLD RESOURCES
(SOMISY) LIMITED, a company organized and existing under the laws of the Jersey,
Channel Islands ("Purchaser") and INTERNATIONAL FINANCE CORPORATION ("IFC"), an
international organization established by Articles of Agreement among its member
countries.

                                    ARTICLE I

                                 SALE PROVISIONS

         Section 1.01. On the terms and conditions of this Agreement, the
Purchaser agrees to buy, and the IFC agrees to sell, fifty (50) Class "C" shares
(the "Sale Shares"), each with a par value of 12,500 CFA Francs, in the capital
of Societe des Mines de Syama S.A, a company organized under the laws of the
Republic of Mali (the "Company"). The Purchaser shall pay IFC one Dollar
(US$1.00) for all of the Sale Shares ("Sale Proceeds"), in immediately available
funds, in the following account (the "Account"), as follows:

                  State Street Bank & Trust Co., Boston
                  ABA #011000028
                  Beneficiary Acct # (DDA) 34975607
                  FUND # C61V, IFC ESP
                  Reference: Somisy, # 2429 MLI- Sale of shares

         Section 1.02. IFC makes no representation or warranty with respect to
the Company, including without limitation, with respect to the Company's legal
status, organization, management, operations, financial condition or business
prospects.

         Section 1.03. (a) The Purchaser shall pay the Sale Proceeds to the IFC
on a date ("Closing Date") to be agreed but in any event before July 2, 2002.

         (b) On the Closing Date, upon confirmation of receipt in the Account of
the Sale Proceeds in full, IFC shall with respect to the Sale Shares:

         (i) deliver or cause to be delivered to the Purchaser the share
certificates representing the Sale Shares; and

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         (ii) instruct its authorized representative to sign on its behalf and
deliver to the Purchaser instruments of transfer with respect to such Sale
Shares for registration by the Company in its transfer book and register of
shareholders, at the Purchaser's cost and expense.

                                   ARTICLE II

                 ASSIGNMENT AND ASSUMPTION OF SHAREHOLDER LOANS

         Section 2.01. (a) In consideration of the Purchaser's irrevocable
undertaking to pay to IFC the amount set forth in Section 1.01 (the receipt of
which IFC hereby acknowledges) and subject to the provisions of this Article II,
IFC hereby assigns and transfers to the Purchaser, without recourse, absolutely,
irrevocably and unconditionally, all of its rights, title and interest (whether
accruing after or before the date hereof) in and to an Investment Agreement,
between the Company and IFC, dated August 5, 1993 (the "Shareholder Loan
Agreement") including, but not limited to, all rights and causes of action in
respect of the Shareholder Loan Agreement (the "Assignment").

         (b) The Purchaser irrevocably, unconditionally and absolutely accepts
the Assignment and assumes all of the transferable obligations of IFC and is
entitled to exercise all of the rights of IFC under the Shareholder Loan
Agreement.

         (c) The Company hereby expressly acknowledges and irrevocably and
unconditionally accepts the Assignment in accordance with the terms and
conditions of this Agreement.

         Section 2.02. The Assignment and the transfer of the rights and
obligations pursuant to Section 2.01(a) above shall become effective on the
Closing Date.

         Section 2.03. On the Closing Date, IFC shall provide the Purchaser
with, and the Purchaser shall acknowledge receipt of, an original copy of each
of the Shareholder Loan Agreement.

         Section 2.04. (a) The Company hereby acknowledges its notification of
the assignment and transfer rights under the Shareholder Loan Agreement pursuant
to the terms of this Agreement.

         (b) The Purchaser undertakes that it shall also notify any other
relevant party, if any, of the assignment and transfer of rights under the
Shareholder Loan Agreement by notification in accordance with applicable law and
shall take any other action or measure necessary or required under the laws of
the Republic of Mali to give effect to the

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                                      -3-

assignment and transfer of rights under this Agreement. Furthermore, the
Purchaser shall be responsible for carrying out, at its own expense, all legal
formalities which may be required in the Republic of Mali in connection with the
execution and implementation of this Agreement.

         Section 2.05 IFC shall execute and provide such documents as may be
reasonably required by the Purchaser to give effect to the Assignment.

                                   ARTICLE III

                            MISCELLANEOUS PROVISIONS

         Section 3.01. The Purchaser shall pay all taxes (other than any taxes
on capital gains), duties, fees, or other charges payable on or in connection
with the execution, issue, delivery, registration or notarization of this
Agreement and any documents related thereto; and shall reimburse IFC for any
such taxes, duties, fees or other charges paid by IFC,other than legal fees
which shall be for each party's own account.

         Section 3.02. Any notice or request required or permitted to be given
or made under this Agreement to either of the parties hereto shall be in
writing. Such notice or request shall be deemed to be duly given or made when it
shall be delivered by hand, airmail or facsimile to the party to which it is
addressed at such party's address specified below or at such other address as
such party shall have designated by notice to the party giving such notice or
making such request:

         For the Purchaser:

                  Randgold Resources (Somisy) Limited
                  La  Motte Chambers
                  La Motte Street
                  St Helier
                  Jersey
                  JE1 1BJ

                  Facsimile:  (011 44) 1534 735 5333
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                                      -4-

         For IFC:

                  International Finance Corporation
                  2121 Pennsylvania Avenue, N.W.
                  Washington, D.C. 20433
                  United States of America

                  Facsimile: (202) 974-4322

                  Attn: Director, Mining Department

         Section 2.06. This Agreement is governed by, and shall be construed in
accordance with, the laws of England.

         Section 3.07. This Agreement contains the entire agreement between the
IFC and the Purchaser and there are no other terms, obligations, covenants,
representations, statements, or conditions, oral or otherwise, of any kind or
nature whatsoever.

         Section 3.08. This Agreement may be executed in several counterparts,
each of which is an original, but all of which together constitute one and the
same agreement.

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                                      -5-

         IN WITNESS WHEREOF, the parties hereto, acting through their duly
authorized representatives, have caused this Agreement to be executed as a deed,
as of the day and year first above written.

                           Executed as a deed
                           By RANDGOLD RESOURCES (SOMISY) LIMITED

                           By:    /s/ D. Mark Bristow
                                  -----------------------------------
                           Name:  D. Mark Bristow
                                  -----------------------------------
                           Title: Authorized Representative

                           Executed as a deed
                           By  INTERNATIONAL FINANCE CORPORATION

                           By:    /s/ Sebastien Thiriez
                                  -----------------------------------
                           Name:  Sebastien Thiriez
                                  -----------------------------------
                           Title: Authorized Representative[NM ROTHSCHILD & SON LIMITED LETTERHEAD]

To:      Randgold Resources Limited

Attn:    Mark Bristow/Roger Williams

From:    Metal Confirmation Unit

             STRUCTURED PRECIOUS METALS OPTION AND LOAN CONFIRMATION

The purpose of this letter agreement is to confirm the terms and conditions of
the Transaction entered into between us on the Trade Date specified below (the
"Transaction"). This letter agreement constitutes a "Confirmation" as referred
to in the ISDA Master Agreement specified below.

The definitions and provisions contained in the 1991 ISDA Definitions, the 1998
Supplement to the 1991 ISDA Definitions, the 1993 Commodity Definitions and the
1997 ISDA Short Form Bullion Definitions (as published by the International
Swaps and Derivatives Association, Inc.) are incorporated into this
Confirmation. In the event of any inconsistency between those definitions and
provisions this Confirmation, and this Confirmation will govern.

This Confirmation supplements, forms part of, and is subject to, the ISDA Master
Agreement dated as of 9th March 2000, as amended supplemented from time to time
(the "Agreement"), between us. All provisions contained in the Agreement govern
this Confirmation except as expressly modified below.

TRADE DATE:  23-AUG-02

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
                                                                PREMIUM        PREMIUM       PREMIUM                   MATURITY
   TRADE ID       WE     PUT/CALL    FINE OUNCES    STRIKE    RATE PER OZ      AMOUNT         DATE      EXPIRY DATE      DATE
----------------------------------------------------------------------------------------------------------------------------------
<S>             <C>      <C>          <C>          <C>        <C>            <C>            <C>         <C>           <C>
   2737497       Sold      Call       12,375.00    $349.950     $12.160      $150,480.00    28-Aug-02    28-Jan-04     30-Jan-04
   2737496       Sold      Call       12,375.00    $350.600     $12.160      $150,480.00    28-Aug-02    25-Feb-04     27-Feb-04
   2737495       Sold      Call       12,375.00    $351.250     $12.160      $150,480.00    28-Aug-02    29-Mar-04     31-Mar-04
   2737494       Sold      Call       12,375.00    $351.900     $12.160      $150,480.00    28-Aug-02    28-Apr-04     30-Apr-04
   2737493       Sold      Call       12,375.00    $352.550     $12.160      $150,480.00    28-Aug-02    26-May-04     28-May-04
   2737492       Sold      Call       12,375.00    $353.200     $12.160      $150,480.00    28-Aug-02    28-Jun-04     30-Jun-04
   2737491       Sold      Call       12,375.00    $353.850     $12.160      $150,480.00    28-Aug-02    28-Jul-04     30-Jul-04
   2737490       Sold      Call       12,375.00    $354.500     $12.160      $150,480.00    28-Aug-02    27-Aug-04     31-Aug-04
   2737489       Sold      Call       12,375.00    $355.150     $12.160      $150,480.00    28-Aug-02    28-Sep-04     30-Sep-04
   2737488       Sold      Call       12,375.00    $355.800     $12.160      $150,480.00    28-Aug-02    27-Oct-04     29-Oct-04
   2737487       Sold      Call       12,375.00    $356.450     $12.160      $150,480.00    28-Aug-02    26-Nov-04     30-Nov-04
   2737486       Sold      Call       12,375.00    $357.100     $12.160      $150,480.00    28-Aug-02    29-Dec-04     31-Dec-04
</TABLE>

<PAGE>

Total premiums due value 28-Aug-02 are $1,805,760.00

You have bought these gold call options to offset existing positions with N M
Rothschild & Sons Limited ("Rothschild") and therefore we confirm that those
original positions are now cancelled. On this basis it is agreed that both
Parties will delete the option contacts from their relevant systems.

In lieu of the premium due Rothschild has agreed to lend to Randgold Resources
the sum of $1,805,760.00 value 28/8/02 on a pre-agreed repayment schedule that
will see these funds repaid monthly through calendar 2004. NMR will effect 12
loans each of $150,480.00 from 28th August 2002 to each of the value dates of
the gold call options. Interest on each loan will be payable on the value date
of the relevant gold call option.

The applicable interest rate will be the relevant interbank rate for the
interest period plus a margin of 3% p.a. The rate quoted will be a zero coupon
rate as it will allow for the interest being paid on each loan at its maturity
with no interim coupon payments.

The loan repayment schedule is itemised below.

<TABLE>
<CAPTION>
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                                                                                      INTEREST       TOTAL AT
CONTRACT NUMBER     OUR        PRINCIPAL         FROM           TO         RATE      RECEIVABLE      MATURITY
------------------------------------------------------------------------------------------------------------------
<S>                <C>        <C>              <C>          <C>           <C>       <C>            <C>
    2064041         Loan      $150,480.00      28-Aug-02     30-Jan-04     5.21%     $11,324.46     $161,804.46
    2064042         Loan      $150,480.00      28-Aug-02     27-Feb-04     5.27%     $12,071.67     $162,551.67
    2064043         Loan      $150,480.00      28-Aug-02     31-Mar-04     5.34%     $12,968.62     $163,448.62
    2064044         Loan      $150,480.00      28-Aug-02     30-Apr-04     5.40%     $13,791.49     $164,271.49
    2064045         Loan      $150,480.00      28-Aug-02     28-May-04     5.47%     $14,610.48     $165,090.48
    2064046         Loan      $150,480.00      28-Aug-02     30-Jun-04     5.54%     $15,561.64     $166,041.64
    2064047         Loan      $150,480.00      28-Aug-02     30-Jul-04     5.61%     $16,461.76     $166,941.76
    2064048         Loan      $150,480.00      28-Aug-02     31-Aug-04     5.68%     $17,426.92     $167,906.92
    2064049         Loan      $150,480.00      28-Aug-02     30-Sep-04     5.74%     $18,330.80     $168,810.80
    2064050         Loan      $150,480.00      28-Aug-02     29-Oct-04     5.80%     $19,225.49     $169,705.49
    2064051         Loan      $150,480.00      28-Aug-02     30-Nov-04     5.88%     $20,277.18     $170,757.18
    2064052         Loan      $150,480.00      28-Aug-02     31-Dec-04     5.94%     $21,253.80     $171,733.80
</TABLE>

Total interest due is $193,304.31

Total amount repayable is $1,999,064.31

Any Event of Default or Termination Event, howsoever defined in the above
mentioned Agreement and the Loan Agreement dated 17th September 2001 among
Randgold Resources Limited as the Borrower and N M Rothschild & Sons Limited,
Societe Generale, and Standard Bank (London) Limited as the Lenders, will
constitute an Event of Default or Termination Event, as appropriate, under this
Transaction.

Time of dealing available on request

                                      -2-

<PAGE>

Please confirm that the foregoing correctly sets forth the terms of our
agreement by signing a copy of this Confirmation and returning it to us
immediately.

Please telephone or telex us immediately should the particulars of this
Confirmation not be in accordance with your understanding.

We agree the above:
Signed on behalf of
Randgold Resources Limited /s/ R.A. Williams

Date:    30/8/2002

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