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RAND MINING LIMITED Capital/Financing Update 2018

Nov 26, 2018

65721_rns_2018-11-26_5db49b0d-14fe-49f9-b5f9-c52a3c05f0f3.pdf

Capital/Financing Update

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Argonaut appointed as Financial Adviser

ASX ANNOUNCEMENT

Companies Announcement Office Australian Securities Exchange Limited

26 November 2018

Rand Mining Ltd ( Rand or the Company ) (ASX code: RND) is pleased to announce that it has appointed Argonaut as its financial adviser.

Australian Securities Exchange Code: RND

Board of Directors:

Mr Otakar Demis Chairman and Joint Company Secretary

Mr Anton Billis Managing Director

Mr Gordon Sklenka Non-Executive Director

Argonaut will assist the Rand Board with the assessment of the unsolicited offer from Northern Star for the East Kundana Joint Venture ( EKJV ), and then provide ongoing advice and analysis to maximise shareholder value.

Argonaut are a specialist natural resources financial adviser with offices in Perth and Hong Kong and significant experience in M&A, equity, debt and hybrid financing, having completed transactions totaling over $10 billion since 2007.

Argonaut has deep gold sector expertise based on active M&A and capital markets engagements which will benefit Rand.

Mr Roland Berzins Joint Company Secretary

Roland Berzins For Media Enquiries Ph: +61 8 9474 2113 Andrew Rowell E: [email protected] Cannings Purple Ph +61 400 466 226 E: [email protected]

Nick McDonough Executive Director Argonaut Tel: +61 8 9224 6816 [email protected]