Change of Adviser

Central Rand Gold Limited

(Incorporated as a company with limited liability under the laws of Guernsey,

Company Number 45108)

(Incorporated as an external company with limited liability under the laws of South Africa,

Registration number 2007/019223/10)

ISIN: GG00B92NXM24

LSE share code: CRND JSE share code: CRD

("Central Rand Gold" or the "Company")

Central Rand Gold is pleased to announce the appointment, with immediate effect, of Panmure Gordon (UK) Limited as the Company's nominated adviser and broker. This follows the acquisition of Charles Stanley Securities by Panmure Gordon plc.

For further information, please contact:

Central Rand Gold +27 (0) 87 310 4400

Johan du Toit / Nathan Taylor

Panmure Gordon (UK) Limited +44 (0) 20 7886 2977

Mark Taylor

Merchantec Capital +27 (0) 11 325 6363

Monique Martinez / Marcel Goncalves

Johannesburg

21 July 2015

Sponsor

Merchantec Capital