RNS Number:8809S
Randgold Resources Ld
04 December 2003

DIRECTOR EXERCISES RANDGOLD RESOURCES OPTIONS

Mr Ferdinand Lips, an independent non-executive director, exercised share
options on Wednesday, 3 December 2003.

Mr Lips exercised and sold 12,700 options, or 0.04% of the issued share capital,
at an average sale price of US$27.80.  Mr Lips retained his holdings in the
company at 50,000 shares or 0.17% of the current issued share capital.

4 December 2003

Randgold Resources Limited
Incorporated in Jersey, Channel Islands
Registration Number 62868
LSE Trading Symbol: RRS
Nasdaq Trading Symbol: GOLD




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