Investing in Cote d’Ivoire’s future…Abidjan, July 2017

Randgold Resources…operations across Africa

Mali

Côted’Ivoire

Senegal

Democratic Republic of Congo

Massawa Feasibility Project, SenegalEquity 83%Total Reserves 2.6MozTotal Resources 4.4Moz

Loulo-Gounkoto Mine Complex, MaliEquity 80%Loulo:Total reserves 5.3MozTotal resources 9.8MozGounkoto:Total reserves 3.1MozTotal resources 4.3MozLoulo-Gounkoto2016 production 707 116oz

Morila Gold MineMaliEquity 40%Total reserves 0.3MozTotal resources 0.4Moz2016 production 54 022oz

Kibali Gold MineDRCEquity 45%Total reserves 9.2MozTotal resources 17.4Moz2016 production 585 946oz

Reserves and resources as at 31 Dec 2016

Tongon Gold MineCôte d’IvoireEquity 89%Total reserves 1.5MozTotal resources 3.0Moz2016 production 260 556oz

History of Randgold in Ivory Coast

1996 2001 2002 2007

2012

2008

2008

2010

20102010

Aug 2012

2011

Nominated best mine in Côte d’Ivoire

2011

20142012

2010

ISO14001 Certification

2012

2013 2015Nominated best mine in Côte d’Ivoire

2015Tongon Mine pays off its

shareholders loan

Randgold returns and commences 30 000m

drilling programme

Acquired Nielle exploration permit

Finalised prefeasibility study

Total resource 2.9MOz@2.6g/t

Force Majeure declared –

exploration office closed

Reserve increased by

26% to 3.16Moz @

2.57g/t

First ore fed to Mill 1

on oxide ore

Mill 2 commissioned on oxide ore

Mine officially opened by president

Grid power switched on

Production continued as political crisis escalated

First gold poured

Mine construction

started

Oxygen plant upgraded from

20-30tpd

Additionalgensets

commissioned

OHSAS18001 certification

Tongon Mine declares and

pays first dividend

2016

Tongon Mine…Randgold’s history in Côte d’Ivoire

Tongon…safety, health and environment

Zero Class 1 or major environmental incidents

Tongon continued to manage water effectively with over 90% reduction in fresh water usage

Water management system in place with prioritized reuse of process water

Wetland management system being conducted to assist in the reduction of nitrates, arsenic and sediments from the pit

Project implemented on site to capture arsenic in the tailings

EnvironmentHealth and SafetyLTIFR increased to 2.48 – 3 injuries sustained by contractor

Tongon remains ISO 14001 and OHSAS 18001 certified

4 people trained in Occupational Hygiene at the workplace during the quarter

59 supervisors trained in Supervising Safely by RRC, IOSH UK

Tongon in partnership program with the IDEAL NGO continues to effectively manage public health (Malaria and HIV / AIDS) through prevention programmes on the mine and in surrounding community

Malaria incident rate continues to decrease

0

1

2

3

LTIFR

0

50

100

150 Malaria incident rate 2010-2017

0,0

0,5

1,0

1,5

Fresh water used - m³/t

Tongon operating results…

Refer to Q1 2017 quarterly report for footnotes

12 monthsQuarter31 Mar

201731 Dec

201631 Mar

201631 Dec

201631 Dec

2015Mining

Tonnes mined (000) 5 449 6 141 7 835 27 547 28 826

Ore tonnes mined (000) 1 146 1 162 910 4 195 3 563

Milling

Tonnes processed (000) 1 033 1 121 975 3 853 4 018

Head grade milled (g/t) 2.4 2.8 2.1 2.5 2.3

Recovery (%) 83.7 84.7 81.8 83.7 82.6

Ounces produced 67 220 84 856 54 122 260 556 242 948

Ounces sold 72 673 82 811 55 273 255 942 241 478

Average price received ($/oz) 1 227 1 202 1 189 1 247 1 148

Cash operating costs1 ($/oz) 592 587 865 734 801

Total cash costs1 ($/oz) 629 623 900 771 836

Gold on hand at period end2 ($000) 804 7 070 412 7 070 1 576

Profit from mining activity1 ($000) 43 514 47 909 15 934 121 847 75 444

Gold sales1 ($000) 89 205 99 533 65 698 319 249 277 253

Tongon performance imperatives…action steps

Ramp up tonnage throughput to targeted 4.5mtpa (key to achieving LOM ounce profile) by optimising total crushing circuit, inclusive of the quaternary circuit

On track to achieve market guidance of 285koz in 2017 at total cash cost of below $700/oz

Optimise rougher flotation operation to improve recovery - install 4th flotation rougher cell in Q4 2017

Upgrade oxygen plant capacity with additional 20tpd oxygen to facilitate recovery improvement

Complete the power supply busbar reconfiguration and capacitator installation to improve power supply stability

Maintain and improve community relations, communication and social development, skills upgrading

Find additional resources and reserves to replace depletion and extend LOM

Manage orebody and maintain its grade integrity

Maintain and improve environmental, health and safety outputs, eliminating LTIs

Tongon performance imperatives…recovery improvements

0

50

100

150

200

250

300

65,00

70,00

75,00

80,00

85,00

90,00

95,00

2011.00 2012.00 2013.00 2014.00 2015.00 2016.00 Q1 2017

Actual production Recovery %

Gold recovery % Gold production oz 000

Tongon performance imperatives… gold produced and mill throughput

0

1

1

2

2

3

3

4

4

5

5

0

50

100

150

200

250

300

2010 2011 2012 2013 2014 2015 2016 2017

Gold produced oz Throughput Mt

Gold production koz Throughput Mt

Tongon operational efficiency…initiatives

Optimising entire crushing plant

Redefine crushing chamber

Maximise run time

Commissioning of recycle screen

Ramp up the efficiency of the flotation circuit

Increase the pulp residence time to maximise gold recovery

Procure lower SG ceramic beads to streamline UFG operating cost

Uplift the skills of flotation plant operators to ensure

Maximising overall gold recovery

Redesign the peroxide injection system for effective usage

Install 20t oxygen plant to ensure ore excess DO demand is covered

Increase concentrate leaching period to reduce plant residue grade

Improve the heating capacity of the regeneration kiln to maximise activated absorbing capacity

Q3 2017

Q4 2017

Q4 2017

Q4 2017

Q4 2017

Stability of the national power supply… still opportunities to improve

Contractual demand 25 MW

Ask (MWh) @ 97% 202 703 MWh

Energy provided by CIE 183 928 MWh

Deficit 18 775 MWh

Nb of releases 153

Downtime 248 hours

Gas oil consumption 4 956 192 Litres

0

5

10

15

20

25

30

02468

101214161820 Total KWh million Number of blackouts

Private Public Partnership…investment

$0002009-2011 2012 2013 2014 2015 2016

Q1 2017

PTD Cost

Power Investment 27 317 781 - - - - - 28 097

Grid Power Cost (CIE invoices)

- 13 423 19 068 16 959 20 761 22 706 5 417 98 334

Total Grid Power Cost incurred

27 317 14 203 19 068 16 959 20 761 22 706 5 417 126 431

Total powerline investment cost of $28 million financed by Tongon but not yet reimbursed by CDI Government

CIE has earned $98 million through grid power invoices but power infrastructure not yet transferred to CDI State

Discussions ongoing with Mining and Energy Departments on reimbursement plan - proposal of an offset of the investment cost against State’s dividends from 2017 to 2020

Tongon…upskilling and building social relations is part of our DNA

Department Tongon ContractTotal

EmployedExpat total.

%Expat

Geology 104 44 148 0%

Mining 19 654 673 16 2%

Process 221 169 390 5 1%Engineering 205 11 216 11 5%Administration 76 181 257 4 2%Project of invest. 55 0 55 4 2%Total staff complement

680 1059 1739 40 2,3%

Labour Statistics

Training courses 2013 to date

Workers trained to date 2807

Training cost $ 415042

Trainees 311

Engaged trainees 45

Bursaries to scholars at the University of Grand Bassam

2

% expatriates comparedto nationals

0102030405060708090

100

% Expatriés % National

Successful nationalisation programme62 Expatriates succeeded by Nationals15 Expatriates in operation

Leadership team: 75% of the Heads of Departmentand 100% their assistants are Nationals

Relationship with our employees…our In-reach programme and skills training

In-Reach programme initiated to communicate, connect, commit and engage with all employees, creating a workforce who are enthusiastic and passionate about the company

Actions achieved so far:

Internal climate survey feedback shared with all employees

External climate survey conducted building on internal survey

Notice boards, suggestion boxes, local radio, SMS, presentations, social events are used to improve communication with employees

Employees representatives included in “In-Reach committee”

Our slogan “One team, One mission” translated into local language for everyone to understand

Training and upskilling of employees: to date 2 807 trained with 1 009 completed in 2017

Employees from various departments trained in comprehension / advancement / promotion / overtime calculation

All employees trained and sensitised in Family Budget Management

Photo after training session

Donation to Employees

In-Reach programme…relationship with our employees

Randgold’s and Tongon’s history shared with employees - legacy, DNA, values, imperatives and beneficial effects of company on Côte d’Ivoire as a whole and on surrounding communities

Code of conduct to be signed by each employee

Train new delegates and new union leaders, elected in June, in Industrial Relations

Women’s soccer tournament - final Men’s soccer tournament - final

Donation…Solidarity and Sharing during Ramadan

Donation of sugar, rice, oil in the

framework of Ramadan to Katonon

village which had been vandalised

following a conflict between villages

2 tonnes of sugar

2 tonnes of rice

10 boxes of oil

10 boxes milk

Cash donation of 800 000CFA

($1 368) to community villages as a

RAMADAN Gift

US$ 000 2008 - 2011 2012 2013 2014 2015 2016 Q2 2017 TOTAL

Health 75 38 8 134 110 184 52 601

Education 164 135 165 91 106 189 69 919

Potable water 56 539 48 126 51 90 51 961

Agriculture 92 0 65 20 102 227 113 619

Donation 87 14 8 246 12 17 21 405

Others 204 22 186 147 107 31 38 751

Security 0 170 55 273 35 55 29 617

Road & Infrastructure

1 000 1 000 90 257 249 90 2 669

TOTAL 679 1 919 1 536 1 126 780 1042 462 7 542

$250 883 spent during Q2 2017 bringing the year to date community spend to $462 000

Operation to date cost estimated at $7.54 million (CFA 4.52 billion)

Investment in the community…

Projects now completed…

Mbengue surgical unit building completed

Project cost: 95 202 882 CFA ($153 553)

Next step: Equipment at an estimated cost 80 million CFA ($137 000)

Poungbe abattoir and butcher shop completed

Project cost: 30 870 766 CFA ($52 771)

Next step: butcher shop connection to electricity and water borehole drilling at abattoir

Tongon Village Club building complete

Project cost: 39 010 707 CFA ($66 685)

Next step: Equipment at an estimated cost of 28 000 000 CFA ($47 863) and connection to electricity

Village Area Treated (ha)Area plowedlabourée

Area sown(ha)

Number of groups

Observations

Mbengue 20 0 35 2 Hard ground, need at least one rainKationron 10 0 0 1 Hard ground, need at least one rainSékonkaha 20 20 - 1 Sowing in progressPoungbe 10 10 - 1 Sowing in progressTongon 10 10 - Sowing in progressKorokara 20 0 plowing in progressKofiplé 60 - - Sowing and plowing in progressKatonnon 60 - - 3 Sowing and plowing in progressTotal 210 40 35 8

Sustainability…maize farming project

Current Forecast: 300ha by 8 villages at an estimated cost of $62 800 (CFA 37 680 000)

Two tractors donated to support the project and a tractor management committee setup

35ha have already been sown

40ha plowed and being sown

210ha identified and treated and plowing and sowing begin after next rains

Forecast 2018: 1000ha by all the community villages

Poultry$16 637 (9 982 000 FCFA) generated during by the three broiler farms (Tongon, Kationron and Kofiple)

Autonomy of Kationron and Tongon broilers farms

Lot 1 Lot 2 Lot 3 Lot 4 Lot 5Total

chickens sold

Total Amount

CFAChickens

sold Amount

CFAChickens

sold Amount

CFAChickens

sold Amount

CFAChickens

sold Amount

CFAChickens

sold Amount

CFA

Kofiple 413 826000 413 826000 826 1652000

Tongon 484 968000 484 968000 460 920000 1428 2856000

Kationron 403 841500 814 1642500 536 1072000 515 1030000 444 888000 2712 5474000

Total 1300 2635500 1711 3436500 996 1992000 515 1030000 444 888000 4966 9982000

Sekonkaha Hot Pepper Garden Annual results (pluvial)

Area 0.5ha production 6. 6tons of hot pepper ( excluding 25% for home consumption)

Total receipts $4 125 (2 475 000 CFA)

Korokara onion garden

Expected production 10t

Village Crops ProductionSelling

price/unit (CFA)

TOTAL receipt

Korokara Onion 1000 300 300000

Sekonkaha Hot pepper 16000 37 592000

Korolo Cabbage 2000 450 900000

Q1 results: $2 970 (1 792 000 CFA)

Agribusiness…revenue generating projects for the community

Tongon mine…reserves and resources

0

1

2

3

4

5

Reserves Resources

Moz

Tongon production…5 year plan

0

1

2

3

4

0

100

200

300

400

500

600

700

800

900

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Oz actual Oz forecast Total Cash Cost/oz Capital Grade

Production Oz 000Total cash cost/ozCapex $m Grade g/t

Nielle permit…Tongon exploration strategy

Paid off capital - refocuses exploration with lower economic hurdles

Major permit wide review opens up Nafoun-Koulivougou Corridor as a highly prospective area, generating 5 target areas for follow-up

First pass diamond drilling at Tongon NZ builds geologic picture before testing deep underground potential

Seydou South delivered to Mineral Resource team

Continued regional review of the 750km2 permit to open up further exploration areas

Greenfields Targets

Satellites

Nafoun Granite

Koulivougou

SeydouSouth

TongonPlant

5km

N

200 RL

0 RL

TN239Intersected granodiorite

Granodiorite

TND23010.5m @ 3.06g/t

from 366.8m

TND453Confirms 214

structure architecture

TND454Reduces modelled size of granodiorite

TND455In progress at 250m

Results awaited

DEPTH EXTENSION Opportunity

TND23513.2m @ 3.46g/t

from 389m

N 200m

Depth extension opportunity at Tongon North Zone…

Phase 1 drilling aims to understand structural and geological controls on higher grade mineralisation

Results to guide depth extensions

>100 GM

50-100 GM

30-50 GM

Late Granodiorite-Diorite intrusive

Intersection, Tongon Structure and HW (214) structureFold axial planes mapped in open pit

Phase 1 Diamond drilling

Nafoun Permit granted in Q1 2017 Field traverses completed Soil sampling complete for

new opportunities

Nielle/Brownfield Underground resource being

tested at Tongon NZ A new set of brownfield targets

being evaluated Significant efforts on the Nielle

greenfield to define new opportunities. Encouragingresults from Nafoun corridor

Mankono Pit optimisation at Gbongogo

suggest significant opportunity at depth in a $1 000/oz pit at low SR

Further drilling planned Strong results from new trenches

could add significant ounces to current resources

Step out to Sissedougou projectto explore further opportunities or additional resources to Gbongogo

Fapoha North +12km regional soil

anomalies on southern extension of the Tongon structure

Infill soil generated a number targets

First pit and trench results confim a wide low grade system over +150m

Tengrela South Reconnaissance surface

delineated favourable geological setting

Soil sampling ongoing

Boundiali 27km of strong soil on the northern

extension of Fonondara structure withno drilling. Surface work defined200m wide anomalisms and structural complexity

Strong RC drill results fromFonondara demonstrate significantpotential on the Fonondara corridor

Diamond and RC drilling programmes starting to improve the model and test for continuity

+30km strong soil anomalies prioritised on the Syama structure

Côte d’Ivoire…recent results from our projects

N

Southern extension of the Syama structure over 50km 5 new targets covering

30km strike prioritised Strong soil anomalies with

structural complexity are untested Traverses and pits to

upgrade geologicalinterpretation

8.5km long new soilanomalies on the Fonondara structure Opportunity to further

extend Fonondara

Boundiali…a world class address

Fonondara NorthCorridor

27km long soil anomalies Wide anomalisms over 200m

from surface work Structural complexity and

rheological contrast with intrusives and belt margin No drilling

Fonondara South Corridor

≈700koz @ 2.14g/t in a $1200/oz pit Opportunities to deepen the pit

down and add ounces. Acceptable strip ratio of 6 Significant mineralisation open

to north and south over 7km DDH planned to start shortly

N

Boundiali…defining a world class target within the Fonondara corridor

FNRC062:23m @ 1.64g/t incl 10m @ 3.58g/tFNRC063 2m @ 51.26g/tincl 1m @ 100g/tFNRC064 3m @ 1.16g/t

FNRC059 9m @ 1.01g/t from19m 2m @ 53.76g/t from 75m20m @ 2.20g/t incl 14m @ 2.85g/t

Fo

no

nd

ara

Mai

n (

1.3k

m)

FNRC074 11m @ 4.71g/t incl 8m @ 6.32g/tFNRC075 7m @ 1.05g/t

1.2k

m

So

uth

ern

exte

nsi

on

(4

.5km

)

FNRC07610m @ 9.59g/t incl 4m @ 23.20g/t

FNRC078 11m @ 18.73g/t incl 9m @ 22.75g/tFNRC079 10m @ 2.09g/t incl 2m @ 13.45g/t

FNCRC004: 7m @ 1.12g/t FNCRC006: 4m @ 2.29g/t

N

Mankono - Gbongogo prospect… expanding our footprint to add potential

N

5km

Gbongogo Main TargetWide anomalisms from trenches: 90.10m @ 0.33g/t incl. 4m @ 1.05g/t and 27.10m @ 0.48g/t; GBTR018N: 20.80m @ 0.40g/t incl. 0.80m @ 3.73g/t; DPDP survey ongoingPit optimisation underway to advise on further drilling

Dokeka Target>100ppb soil anomaly of 1km * 200m Coarse grained sediment intruded by amphibolite and feldspar porphyries+150m alteration zone values up to 1.41g/t. More results pending

Kowa Target0.20g/t; 5m @ 0.60g/t and 3m @ 0.24g/tWeak pit results, results pending from a 70m trench. Target downgraded

Lokolo Target+8km long regional soil on belt margin.Infill soil starting to define new targets.Follow up in Q2

Bafretou West Target+4km long spiky soil on belt marginHigh soil values up to 8g/t.Pitting ongoing for follow up

Randgold… Its all about finding world class mines

300km

Nafoun(Recently granted)

NielleTongon Mine

Mankono

Fapoha North and South

Tiorotieri

Tengrela NorthPassed CIM

Boundiali

Tengrela South

BiebiPassed CIM

Kouassi-DatekroCentre

(Newly granted)

Adzope and AttobrouPassed CIM

AOI JV RRL/Newcrest

AngodaPassed

CIMAkrebiNMCI

N

Taurus grounds (Afema)

Kouassi-DatekroNorth

Hundreds of people on the Fonondara North orpaillage site

Utilisation of an excavator on the Katiere orp. site. Large excavations made near Randgold trenches

Hundreds of people on the Bongama site

Orpaillage sites on Boundiali permit…a value destructive challenge for investors and Government

Industry challenges…delays and difficulties

Administration too slow in processing applications and granting permits More than 3 months to receive a response from DGMG

Timing between submission of the application and the CIM - some of our applications were submitted in April 2014 and haven’t gone through CIM yet and some passed CIM in June 2017

Duration too long from CIM to decree

Timing from permit issue to reception of decree – 3 months to 5 years

Renewals take up to 22 months and are backdated

Delays caused to companies due to illegal miners not taken into account when permits are issued

Permits being granted to companies who are not exploring

Response times need to be shortened to attract more investment into the mining sectorGrant access to exploration permits to companies with the capacity and expertise to do the necessary explorationImplement a community development plan in partnership with the government and with support of village communities to curb illegal gold panningNew mining cadastre system recently put in place by Ministry of Mines

Challenges

Solutions

Contribution to the economy of Côte d’Ivoire…

Randgold Resources89.7%

Private Entity (Ivorian)0.3%

Côte d’Ivoire10%

Tongon contribution to Côte d’Ivoire as at the end of March 2017 Shareholding

Royalties$62.0m

Direct and indirect taxes

$48.7m

Local suppliers, Local salaries and community

investment$836.5m

Dividends and IRVM $4.4m

Partnership to prosperity…

Mining Companies

and Investors

Governments NGOs and Regulators

Employees

STAKEHOLDERS

Communities

Côte d’Ivoire needs to grow its industry through world class discovery and development projects

Recent project failures are a lesson

Partnership is a long term commitment

As an industry we need to deliver viable projects and not exploit the trust of our host countries

Disclaimer…

Randgold reports its mineral resources and mineral reserves in accordance with the JORC 2012 code. As suchnumbers are reported to the second significant digit. They are equivalent to National Instrument 43-101. Mineralresources are reported at a cut-off grade based on a gold price of US$1 500/oz.The reporting of mineral reserves is also in accordance with Industry Guide 7. Pit optimisations are carried out at agold price of US$1 000/oz, except for Morila which is reported at US$1 300/oz. Mineral reserves are reported at acut-off grade based on US$1 000/oz gold price within the pit designs. Underground reserves are also based on agold price of US$1 000/oz. Dilution and ore loss are incorporated into the calculation of reserves.

Cautionary note to US investors: The United States Securities and Exchange Commission (the SEC) permitsmining companies, in their filings with the SEC, to disclose only proven and probable ore reserves. Randgold usescertain terms in this annual report such as ‘resources’, that the SEC does not recognise and strictly prohibits thecompany from including in its filings with the SEC. Investors are cautioned not to assume that all or any parts ofthe company’s resources will ever be converted into reserves which qualify as ‘proven and probable reserves’ forthe purposes of the SEC’s Industry Guide number 7.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Except for the historical informationcontained herein, the matters discussed in this presentation are forward-looking statements within the meaning ofSection 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934, andapplicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statementswith respect to the future price of gold, the estimation of mineral reserves and resources, the realisation of mineralreserve estimates, the timing and amount of estimated future production, costs of production, reservedetermination and reserve conversion rates. Generally, these forward-looking statements can be identified by theuse of forward-looking terminology such as ‘will’, ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’,‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or variations ofsuch words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will betaken’, ‘occur’ or ‘be achieved’. Assumptions upon which such forward-looking statements are based are in turnbased on factors and events that are not within the control of Randgold Resources Limited (‘Randgold’) and thereis no assurance they will prove to be correct. Forward-looking statements are subject to known and unknownrisks, uncertainties and other factors that may cause the actual results, level of activity, performance orachievements of Randgold to be materially different from those expressed or implied by such forward-lookingstatements, including but not limited to: risks related to mining operations, including political risks and instabilityand risks related to international operations, actual results of current exploration activities, conclusions ofeconomic evaluations, changes in project parameters as plans continue to be refined, as well as those factorsdiscussed in Randgold’s filings with the US Securities and Exchange Commission (the ‘SEC’). Although Randgoldhas attempted to identify important factors that could cause actual results to differ materially from those containedin forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated orintended. There can be no assurance that such statements will prove to be accurate, as actual results and futureevents could differ materially from those anticipated in such statements. Accordingly, readers should not placeundue reliance on forward-looking statements. Randgold does not undertake to update any forward-lookingstatements herein, except in accordance with applicable securities laws.