/ 12 October 1999

DRD BUYS 50% OF HARGRAVES

GOLD mining group Durban Roodepoort Deep announced Monday it has acquired over 50% of New South Wales gold producer, Hargraves Resources NL. Through DRD subsidiary, DRD Australasia ApS, an unconditional offer of one DRD share and Australian $0,70 for every seven Hargraves shares held had been made in July. Hargraves’ main asset is the Browns Creek Mine, which produces in excess of 70000 ounces of gold per annum.