Grant of Awards to Directors – Randgold Resources (GOLD)

Grant of Awards to Mark Bristow and Graham Shuttleworth under the Randgold Resources Limited Long Term Incentive Plan

JERSEY, CHANNEL ISLANDS / ACCESSWIRE / May 16, 2018 / On 15 May 2018, an award over 78,395 ordinary shares was granted to Mark Bristow, a director of the Company, and an award over 18,989 ordinary shares was granted to Graham Shuttleworth, a director of the Company (together, the Awards), under the Randgold Resources Limited Long Term Incentive Plan (the LTIP).

The Awards vest, in accordance with the rules of the LTIP, subject to the achievement of operational and financial performance targets over a three year performance period ending on 31 December 2020. The performance targets were chosen because they are among the Company’s key performance indicators, and as key factors driving shareholder value. Following the vesting of the Awards, a two year holding requirement applies to 100 percent of the vested shares.

The LTIP, which was approved by shareholders at the Company’s annual general meeting on 8 May 2018, is designed to reward sustainable long term performance subject to the achievement of agreed operational and financial targets.

Randgold Resources (NASDAQ: GOLD) (LSE: RSS) Enquiries:

Chief Executive

Mark Bristow

+44 788 071 1386

+44 779 775 2288

Financial Director

Graham Shuttleworth

+44 1534 735 333

+44 779 7711338

Investor & Media Relations

Kathy du Plessis

+44 20 7557 7738

Email: randgold@dpapr.com

Website: www.randgoldresources.com

Notification and public disclosure
of transactions by persons discharging managerial responsibilities and persons
closely associated with them:

1.

Details of the person discharging managerial
responsibilities/ person closely associated

a)

Name

Mark Bristow

2.

Reason
for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/ Amendment

Initial notification

3.

Details
of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor

a)

Name

Randgold Resources Limited

b)

LEI

2138002TSG2FEQZOYH72

4.

Details
of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; (iv) each place
where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary share of US$0.05 in Randgold Resources Limited

ISIN Code: GB00B01C3S32

b)

Nature of the transaction

Award of shares pursuant to the Long Term Incentive Plan (the Company’s employee share scheme)

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

78 395

d)

Aggregated information

– Aggregated volume

– Price

N/A

e)

Date of the transaction

15 May 2018

f)

Place of the transaction

Outside a trading venue

1.

Details of the person discharging managerial
responsibilities/ person closely associated

a)

Name

Graham Shuttleworth

2.

Reason
for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/ Amendment

Initial notification

3.

Details
of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor

a)

Name

Randgold Resources Limited

b)

LEI

2138002TSG2FEQZOYH72

4.

Details
of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; (iv) each place
where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary share of US$0.05 in Randgold Resources Limited

ISIN Code: GB00B01C3S32

b)

Nature of the transaction

Award of shares pursuant to the Long Term Incentive Plan (the Company’s employee share scheme)

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

18 989

d)

Aggregated information

– Aggregated volume

– Price

N/A

e)

Date of the transaction

15 May 2018

f)

Place of the transaction

Outside a trading venue

RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD
(“Randgold Resources” or the “Company”)

SOURCE: Randgold Resources Ld

ReleaseID: 499978