RAND MINING LIMITED — Director's Dealing 2019

Oct 13, 2019

ASX ANNOUNCEMENT

14 October 2019

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

Mr Roland Berzins Joint Company Secretary

Suite G1, 49 Melville Parade South Perth WA 6151 T: +61 8 9474 2113 F: +61 8 9367 9386 E: info@randmining.com.au W: www.randmining.com.au

ABN: 41 004 669 658

ASX Market Announcements Platform Level 40 Central Park 152‐158 St Georges Terrace Perth WA 6000

Dear Sir/Madam

Appendix 3Y ‐ Lodgement of notice of change of directors' interests

Rand Mining Ltd attaches updated Appendix 3Y notices for each of its directors.

Following a recent review of Appendix 3Y filings, Rand has identified a small number of technical errors in the historic reporting of certain indirect directorships and interests.

Mostly the corrections relate to Rand's former substantial shareholding in Tribune Resources Limited. Rand's investment in Tribune was largely divested pursuant to the orders of the Takeovers Panel on 26 October 2018 and it is in the process of appointing a seller for its remaining holdings of 1,135,000 Tribune shares.

To be clear, the need to file these notices has not arisen because of any recent change in a directors direct holdings, and the updated Appendix 3Ys are consistent with the interests noted in the 2019 Annual Report.

Yours sincerely

RAND MINING LIMITED Roland Berzins Joint Company Secretary

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity:		Rand Mining Limited
ABN:	41 004 669 658

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Anton Billis
Date of last notice	23 June 2017

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances givingrise to the relevant interest.	Lake Grace Exploration Pty Ltd, Nimby WA Pty Ltd and Northwest CapitalPty Ltd – sole director
	Resource Capital Ltd – director with the power toexercise or control voting rights and/or disposal ofshares
	Mrs P Wichaikul – Spouse
	Trans Global Capital Ltd – director and beneficialowner of Rand shares registered in its name
	Sierra Gold Pty Ltd ‐ voting power exceeding 20% inSierra Gold Pty Ltd, in circumstances where SierraGold Ltd holds Rand shares on bare trust for SierraGold Pty Ltd
Date of change	See "Nature of Change"

+ See chapter 19 for defined terms.

No. of securities held prior to change	DirectA Billis ‐ 41,547IndirectLake Grace Exploration Pty Ltd – 2,920,300Nimby WA Pty Ltd – 143,453Northwest Capital Pty Ltd – 18,000Resource Capital Ltd – 1,604,500Mrs P Wichaikul –510,000Tribune Resources Ltd – 26,576,764Trans Global Capital Ltd – 7,899,584
Class	Ordinary fully paid shares
Number acquired	Sierra Gold Ltd ‐ 2,100,000 (correction of previousAnnexure 3Y)
Number disposed	Tribune Resources Ltd – 26,576,764
Value/ConsiderationNote: If consideration is non‐cash, provide detailsand estimated valuation	See "Nature of Change"
No. of securities held after change	DirectA Billis ‐ 41,547 ordinary shares
	IndirectLake Grace Exploration Pty Ltd – 2,920,300Nimby WA Pty Ltd – 143,453Northwest Capital Pty Ltd – 18,000Resource Capital Ltd – 1,604,500Mrs P Wichaikul –510,000Sierra Gold Ltd ‐ 2,100,000Trans Global Capital Ltd – 7,899,584

+ See chapter 19 for defined terms.

Nature of changeExample:on‐markettrade,off‐markettrade,exerciseofoptions,issueofsecuritiesunderdividend reinvestment plan, participation in buy‐back

Sierra Gold Ltd ‐ correctionAppendix 3Y dated 30 April 2015 contained an errorin disclosing that Mr Billis' notifiable interest endedwhen he ceased to be a director of Sierra Gold Ltd.Notwithstanding he is not a Sierra Gold director, MrBillis continues to have a notifiable interest in SierraGold Ltd as disclosed in this Appendix 3Y.

Tribune Resources LimitedOn26November2018,12,025,519TribunesharesheldbyRand(SaleShares)vestedintheCommonwealth on trust for Rand pursuant to theorders of the Takeovers Panel made 26 October 2018(asamendedbytheordersmadebytheReviewPanel on 21 November 2018) (Divestment Orders).Since26November2018,asaresultoftheDivestmentOrdersandasubsequentissueofTribune shares to an unrelated party, Mr Billis nolonger controls Tribune.For completeness, and as described in Rand's annualreport for 30 June 2019, the Sale Shares were soldpursuant to the Divestment Orders for $45,475896(net of brokerage and fees).

Part 2 – Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	Not applicable
Nature of interest	‐
Name of registered holder(if issued securities)	‐
Date of change	‐
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	‐
Interest acquired	‐
Interest disposed	‐

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non‐cash, provide detailsand an estimated valuation	‐
Interest after change	‐

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the tradeto proceed during this period?	Not applicable
If prior written clearance was provided, on what date was thisprovided?	Not applicable

+ See chapter 19 for defined terms.

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity:		Rand Mining Limited
ABN:	41 004 669 658

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Gordon Sklenka
Date of last notice	31/10/2012

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	See "Nature of Change"
Date of change	See "Nature of Change"
No. of securities held prior to change	Tribune Resources Limited (as director) ‐26,576,764
Class	Ordinary fully paid shares
Number acquired	None
Number disposed	26,576,764sharesheldbyTribuneResources Limited (correction of previousnotice)
Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation	See "Nature of Change"
No. of securities held after change	None

+ See chapter 19 for defined terms.

Part 2 – Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	Not applicable
Nature of interest	‐
Name of registered holder(if issued securities)	‐
Date of change	‐
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	‐
Interest acquired	‐
Interest disposed	‐
Value/ConsiderationNote: If consideration is non‐cash, provide detailsand an estimated valuation	‐
Interest after change	‐

Part 3 – +Closed period

Were the interests in the securities or contracts detailedabove traded during a +closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	Not applicable
If prior written clearance was provided, on what date was thisprovided?	Not applicable

+ See chapter 19 for defined terms.

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity:		Rand Mining Limited
ABN:	41 004 669 658

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Otakar Demis
Date of last notice	16/01/2014

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct & Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	See "Nature of Change"
Date of change	See "Nature of Change"
No. of securities held prior to change	Direct4,800Indirect1TribuneResourcesLimited(director) ‐26,576,764
Class	Ordinary fully paid shares
Number acquired	None

1 Mr Demis Appendix 3Y from 16 February 2014 shows an indirect holding of 1,963 Rand shares in the name of Mr Otakar Demis <Super Fund A/C> is no longer held and which is presumed to have disposed of before 30 June 2014 as per the 2014 Annual Report. Details of disposal are not readily ascertainable because of the historic nature of the transaction.

+ See chapter 19 for defined terms.

Number disposed	Indirect26,576,764sharesheldbyTribuneResources Limited (correction of previousAppendix 3Y notice)
Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation	See "Nature of Change"
No. of securities held after change	Direct4,800IndirectNone
Nature of changeExample: on‐market trade, off‐market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy‐back	CorrectionPrevious3YAppendixincorrectlyattributedMrDemis'positionasadirector of Tribune Resources Limited asa notifiable interest. No relevant interestarises by reason of Mr Demis' position asa director of Tribune Resources Limited,byreasonofsection609(9)oftheCorporations Act.

Part 2 – Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	Not applicable
Nature of interest	‐
Name of registered holder(if issued securities)	‐
Date of change	‐
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	‐
Interest acquired	‐
Interest disposed	‐

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non‐cash, provide detailsand an estimated valuation	‐
Interest after change	‐

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade	Not applicable
to proceed during this period?
If prior written clearance was provided, on what date was this	Not applicable
provided?

+ See chapter 19 for defined terms.