DRDGOLD LTD

R500 million General Banking Facility and R1,500 million Revolving Credit Facility

DRDGOLD secured a R500 million general bank facility (“GBF”) with Nedbank Limited (acting through its Corporate and Investment

banking division) (“Nedbank”) on June 28, 2024, as we embark on our expanded capital program for repositioning in 2028. In

addition to the GBF, on July 31, 2024, DRDGOLD entered into a five-year R1 billion Revolving Credit facility (“RCF”) with a

R500 million accordion option with Nedbank.

The GBF bears interest at the South African Prime Interest Rate less 250 basis points nominal annual compounded monthly.

DRDGOLD is required to pay a 20 basis points (excluding VAT) per annum unutilized facility fee calculated on the average monthly

unutilized portion of the GBF. There are no financial covenants related to the GBF. Pursuant to the conclusion of the RCF described

below, an amended and restated facility letter was entered into on August 8, 2024 in order to incorporate the terms of the RCF.

DRDGOLD may elect an interest period of one or three months for a loan drawn down against the RCF facility. Loans with a one

month interest period bear interest at JIBAR plus a margin of 1.5779% and loans with a three month interest period bear interest at

JIBAR plus 1.58%. A commitment fee of 30% of the margin that applies to loans with an interest period of 3 months per annum applies

on the available commitment for the availability period. A utilization fee of 0.1% per annum applies on each loan for each day that the

aggregate of the loans is more than 33.33% but less than 66.67% of the commitment and 0.2% per annum on each loan for each day

that the aggregate of the loans is equal to or more than 66.67% of the commitment. A debt origination fee of 0.25% of the committed

R1 billion was applicable.

Relevant financial covenants pertaining to the RCF include that at each measurement date and for the measurement period(1) to which

such measurement date relates(i) the interest cover ratio(2) shall not be less than 4 times and (ii) the leverage ratio shall not exceed 2

times net debt(3) to adjusted EBITDA Ratio shall not exceed 2 times.

(1)"Interest Cover" means the ratio of EBITDA to Net Finance Charges in respect of any Relevant Period.

(2)"Total Net Debt" means, at any time, the aggregate amount of all obligations of members of the Group for or in respect of Borrowings.

During financial year 2025, the GBF was amended to include a R120 million guarantees facility. During fiscal year 2026 this was

increased by an additional R61 million, increasing the guarantee facility to R181 million, which has been fully utilized.

The description of the GBF and the RCF is qualified by reference to the GBF and the RCF agreements filed herewith as Exhibits.

Agreement to construct the RTSF

FWGR is currently constructing the RTSF to complete phase 2 of its life-of-mine plan and to generate sufficient tailings capacity for

further expansion to the western side of Johannesburg by acquiring more resources. In June 2024, FWGR entered into an agreement

with Stefanutti Stocks Inland, a division of Stefanutti Stocks Proprietary Limited (“Stefanutti Stocks”), pursuant to which Stefanutti

Stocks will construct the RTSF.

The contract price for the construction amounts to R1.3 billion and will be settled based on certain specified payment milestones.

Each payment milestone will be determined based on percentage of work completed and a bill of quantities and is expected to be

settled in full by fiscal year 2027.