RNS No 7400k
RANDGOLD RESOURCES LIMITED
1st July 1997


To: Company Announcements Office


                    Randgold Resources Limited

                     Initial Public Offering

                      Stabilisation Notice


Pursuant to core dealing rule 2.13 HSBC Investment Bank plc notifies you that it
is stabilising manager in connection with the above transactions.  We confirm
the following:

1.        The securities concerned are shares and GDSs;

2.        The stabilising manager is HSBC Investment Bank plc (contact Robert
          Howatson, tel 0171 336 2372)

3.        Stabilisation transactions may occur from 26 June 1997 for 30 days
          following admission; and

4.        The issue price of the shares and GDSs is $16.50 each.


For and on behalf of HSBC Investment Bank plc


END