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DRDGOLD LimitedDRDGOLD Limited

Ilja Graulich Strategic Development Officer

7 June 2006

Presenting…

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DISCLAIMERDISCLAIMER

Many factors could cause the actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, adverse changes or uncertainties in general economic conditions in the markets we serve, a drop in the gold price, a continuing strengthening of the Rand against the Dollar, regulatory developments adverse to DRDGOLD or difficulties in maintaining necessary licenses or other governmental approvals, changes in DRDGOLD's competitive position, changes in business strategy, any major disruption in production at key facilities or adverse changes in foreign exchange rates andvarious other factors.

These risks include, without limitation, those described in the section entitled "Risk Factors" included in our annual report for the fiscal year ended 30 June 2005, which we filed with the United States Securities and Exchange Commission on 15 December 2005 on Form 20-F. You should not place undue reliance on these forward-looking statements, which speak only as of the date thereof. We do not undertake any obligation to publicly update or revise these forward-looking statements to reflect events or circumstances after the date of this report or to theoccurrence of unanticipated events.

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INTERNATIONAL GOLD COMPANYINTERNATIONAL GOLD COMPANY

Oldest listed gold producer in South Africa – 111 years

Geographically focused

South Africa – DRDGOLD SA

Australasia – Emperor Gold Mines

Geographically diverse shareholder base

High liquidity

Incontrovertible confidence in long-term strength of gold market

Unhedged

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OUR SHARESOUR SHARES

Market capitalisation: US$500 millionShares outstanding: 316 million

fully issued and committed: 349 millionFree float: 100%ADRs: 80% Annual turnover:

400% of issued shares4 million shares a day on NASDAQ

Listings: JSE (DUR), NASDAQ (DROOY), LSE (DBNR), Paris & Brussels bourses (DUR)OTC: Frankfurt, Stuttgart & Berlin (DUB)

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LOCATIONLOCATION

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GROUP STRUCTUREGROUP STRUCTURE

DRDGOLD LIMITED

DRDGOLD LIMITEDOffshore (IoM)

Khumo Gold

EMPERORMINES LIMITED

Tolukuma Vatukoula

Other shareholders

Blyvoor Crown Surface ERPM

DRDGOLD SOUTH AFRICAN OPERATIONS

(PTY) LTD

Porgera

15%* 85%

100%

80% 20%

100%100%20%100%

100% 100% 100%

*option to grow to 26%

Regional exploration

PNG: 9000km2Fiji: 500km2

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RESERVES AND RESOURCESRESERVES AND RESOURCES

27.2

4.2

6.6

2.3

0.65.2

Blyvoor Crown ERPM Porgera TGM Vatukoula

*Mineral reserves and resources as at 30 June 2005Porgera reserves upgrade released on 2 March 2006

•South African resource: 38.0 million oz

• Australasian resource: 8.1 million oz

•Total resources: 46.1 million oz

Reserves Resources

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0.9

0.9

1.6

0.20.7

Blyvoor Crown ERPM Porgera TGM Vatukoula

•South African reserve: 5.8 million oz

• Australasian reserve: 2.5 million oz

•Total reserves: 8.3 million oz

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SHARE PERFORMANCESHARE PERFORMANCE

80,000

90,000

100,000

110,000

120,000

130,000

140,000

150,000

2006

/01/

03

2006

/01/

10

2006

/01/

17

2006

/01/

24

2006

/01/

31

2006

/02/

07

2006

/02/

14

2006

/02/

21

2006

/02/

28

2006

/03/

07

2006

/03/

14

2006

/03/

21

2006

/03/

28

2006

/04/

04

2006

/04/

11

2006

/04/

18

2006

/04/

25

2006

/05/

02

2006

/05/

09

2006

/05/

16

2006

/05/

23

2006

/05/

30

0

200

400

600

800

1000

1200

1400

R/kg gold price DRDGOLD share priceSource: I-Net

R/kg cents

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BIGGEST BANG FOR YOUR BUCKBIGGEST BANG FOR YOUR BUCK

0

5

10

15

20

25

30

35

40

45

AngloGold Ashanti DRDGOLD Gold Fields Harmony Western Areas

10% Rand 10% metal

Earnings sensitivity to metal and currency

Source: JPMorgan SA Gold Foresight 12 May 2006

%

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VALUATIONSVALUATIONS

-70%

-50%

-30%

-10%

10%

30%

50%

70%

90%

Agnico-Eagle

Bema

Cambior

Centerra

DRDGOLD

Eldorado

Glamis

Golden Star

Hecla

IAMGOLD

Lihir

Meridian

Northgate

Peter Hambro

Randgold

0% NAV premium to spot gold

Source: BMO Gold Pages 23 May 2006

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Emperor acquires interest in Porgera JV (20%) and in Tolukuma (100%)

Consideration of US$230 million to be funded:

US$30 million in cash on completion

US$200 million in new Emperor shares issued at A$0.35/ share (752 million shares)

subsequently adjusted by US$7 million in DRDGOLD’s favour

Cash component to be funded by new US$42 million debt facility

Completed 5 April 2006

DRDGOLD will not seek to acquire remaining minority interest in Emperor

EMPEROR EMPEROR TRANSACTIONTRANSACTION

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Emperor raises new equity

AUS$40 million in May 2006

DRDGOLD currently owns ~80%

New management team in place

New CEO, CFO, Exploration Director

EMPEROR EMPEROR TRANSACTION, CONT’DTRANSACTION, CONT’D

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CORPORATE TRANSACTIONCORPORATE TRANSACTION

Benefits to shareholders

creation of third-largest gold producer on ASX

focused entities in SA and Australia

synergies from combining regional assets

Emperor becomes attractive growth vehicle

varied employment opportunities to attract key employees

creates offshore gold vehicle, separation of South African and Australasian gold businesses

DRDGOLD will have minimal debt, controlling shareholding in Emperor

potential market re-rating

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EXPLORATION TO DRIVE VALUEEXPLORATION TO DRIVE VALUE

Emperor has a major exploration commitment

9 000km2 in PNG

530km2 in Fiji

AUS$15 million exploration budget over two years

Highly prospective tenement holdings with potential company making targets

Fully equipped exploration division:

six rigs in PNG

10 rigs in Fiji

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EXPLORATION TO DRIVE VALUE, CONT’DEXPLORATION TO DRIVE VALUE, CONT’D

Emperor’s on-mine drilling will be approximately 100km over the next two years

Regional exploration expected to amount to additional 25km over next two years

Recent exploration at Tolukuma reveals two zones of bonanza grade mineralisation

Significant upside in PNG and Fiji

budget and expertise to execute

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PNG EXPLORATION PROSPECT RANKINGPNG EXPLORATION PROSPECT RANKING

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AUSTRALIAN OPERATIONAL OVERVIEWAUSTRALIAN OPERATIONAL OVERVIEW

PorgeraWest Wall remediation 40% completePotential for Stage 6 pitEncouraging underground developments – possible further reserve extension

TolukumaPotential for further increase in reserves – 250% over past five yearsInfrastructure projects to be completed

hydroaccess road

VatukoulaAccelerated Development Program

implemented in April 2006volume to value planincreased developmentlower power demandssupport from stakeholders

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SA GOLD MINING STILL HAS MERITSSA GOLD MINING STILL HAS MERITS

SA still produces 50% of the company’s goldCompleted empowerment transaction to take advantage of further opportunitiesProtect the value of our gold reserves

development infrastructure replacement

Increase gold production from surface sources (>50% of total)lower risk, lower costTop Star development

Increase gold resources for the future Sallies (ERPM extension)Argonaut11Moz resource increase

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SOUTH AFRICA: OPERATIONAL OVERVIEWSOUTH AFRICA: OPERATIONAL OVERVIEW

Blyvoorunderground - move from high grade to volume-driven, lower grade

brought about by increased seismicityAlpha Dyke intercepted earlier than anticipatedtargeting 70 000 t/m by Sept ’06

ERPMSallies (ERPM extension) prospecting right grantedcould increase LOM to 20 years

Crownconsistent cash and profit generatormill and pipeline upgrade program nearly complete

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BLYVOORUITZICHT BLYVOORUITZICHT –– ALPHA DYKEALPHA DYKE

BLYVOORUITZICHT

SAVUKA

ALPHA DYKEoriginally thought to be here

now thought to be here

LEGENDDykesFaultsBoundary pillar

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OUR SHARESOUR SHARES

0

500,000,000

1,000,000,000

1,500,000,000

2,000,000,000

2,500,000,000

3,000,000,000

•7th highest traded ADR globally

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POSITIONED FOR THE GOLD MARKETPOSITIONED FOR THE GOLD MARKET

Operating in the right geological addresses

Witwatersrand Basin

50% of the world’s gold

Lucrative epithermal Pacific Rim eegion

high grade orebodies

Margin increases

higher US$ gold prices

record R/kg prices

Balance sheet permits renewed growth

Exploration has potential to add further value at low cost

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DRDGOLD LimitedDRDGOLD Limited

Ilja Graulich Strategic Development Officer

7 June 2006

Presenting…