Randgold Resources Limited Announces Scheme Effective

Not for release,
publication or distribution, in whole or in part, in or into any jurisdiction
where to do so would constitute a violation of the relevant laws of such
jurisdiction

JERSEY, CHANNEL ISLANDS / ACCESSWIRE / January 1, 2019 / Randgold Resources Limited (“Randgold”) announces that the Scheme Court Order sanctioning the scheme of arrangement under Article 125 of the Jersey Companies Law to effect the all-share merger between Randgold and Barrick Gold Corporation (the “Scheme”), was delivered to the Jersey Registrar today.

Randgold is therefore pleased to announce that the Scheme has now become effective in accordance with its terms.

Capitalised terms used but not otherwise defined in this announcement have the meaning given to them in the Scheme Document dated 4 October 2018.

Enquiries

Randgold

Chief Executive Officer

Mark Bristow

Finance Director and Chief Financial Officer

Graham Shuttleworth

Investor & Media Relations

Kathy du Plessis

+44 20 7557 7738

randgold@dpapr.com

CIBC (financial
adviser to Randgold)

Neil Johnson

+44 20 7234 6000

Oliver Ward

Barclays (financial
adviser and corporate broker to Randgold)

Paul Knight

+1 416 863 8900

Nishant Amin

+44 20 7623 2323

Andrew Tusa

+44 20 7623 2323

Further information

CIBC, which is supervised and regulated by the Office of the
Superintendent of Financial Institutions in Canada and, in the UK, authorised
by the PRA, subject to regulation by the FCA and limited regulation by the PRA,
is acting exclusively as financial adviser to Randgold and for no one else in
connection with the subject
matter of this announcement and will not be responsible to anyone other
than Randgold for providing the protections afforded to clients of CIBC or for
providing advice in relation to the subject matter of this
announcement. Neither CIBC nor any of its subsidiaries, branches or
affiliates owes or accepts any duty, liability or responsibility whatsoever
(whether direct or indirect, whether in contract, in tort, under statute or
otherwise) to any person who is not a client of CIBC in connection with this
announcement, any statement contained herein.

Barclays, which is authorised by the PRA and regulated in the
United Kingdom by the FCA and the PRA, is acting exclusively for Randgold and
no one else in connection with the subject matter of this announcement and will not
be responsible to anyone other than Randgold for providing the protections
afforded to clients of Barclays or for providing advice in relation to the
subject matter of this announcement. Neither Barclays nor any of its
subsidiaries, branches or affiliates owes or accepts any duty, liability or
responsibility whatsoever (whether direct or indirect, whether in contract, in
tort, under statute or otherwise) to any person who is not a client of Barclays
in connection with any matter referred to in this announcement or otherwise.

Overseas jurisdictions

The release, publication or distribution of this announcement in
or into jurisdictions other than Canada, the United States, the United Kingdom
and Jersey may be restricted by law and therefore any persons who are subject
to the law of any jurisdiction other than Canada, the United States, the United
Kingdom and Jersey should inform themselves about, and observe, any applicable
legal or regulatory requirements. Any failure to comply with the
applicable restrictions may constitute a violation of the securities laws of
any such jurisdiction. Relevant clearances have not been, and will not
be, obtained from the securities commission or similar regulatory authority of
any province or territory of Canada. To the fullest extent permitted by
applicable law, Randgold disclaims any responsibility or liability for the
violation of such restrictions by any person. This announcement has been
prepared for the purposes of complying with applicable English law, Jersey law,
certain applicable securities laws in Canada and the United States, the Listing
Rules, the rules of the London Stock Exchange and the Code and the information
disclosed may not be the same as that which would have been disclosed if this
announcement had been prepared in accordance with the laws of jurisdictions
outside of the UK and Jersey.

Copies of this announcement will not be and must not be, mailed or
otherwise forwarded, distributed or sent in, into or from any Restricted
Jurisdiction or any jurisdiction where to do so would violate the laws of that
jurisdiction and persons receiving such documents (including custodians,
nominees and trustees) must not mail or otherwise forward, distribute or send
them in or into or from any Restricted Jurisdiction.

Further details in relation to Overseas Shareholders are contained
in the Scheme Document and Randgold Shareholders are advised to read carefully
the Scheme Document.

Publication on Website

A copy of this announcement and all information incorporated into
this announcement by reference to another source will be made available
(subject to any applicable restrictions relating to persons resident in
Restricted Jurisdictions) on Randgold’s website at http://www.randgoldresources.com by
no later than 12 noon (Greenwich Mean Time) on the Business Day following the
date of publication of this announcement. For the avoidance of doubt,
save as expressly referred to in this announcement, the content of these
websites is not incorporated into and do not form part of this announcement.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Randgold Resources Limited

ReleaseID: 531645