Randgold Resources Limited: Notification of Major Interest in Shares

JERSEY, CHANNEL ISLANDS -- (MARKET WIRE) -- 03/26/10 -- Randgold Resources Limited (LSE: RRS) (NASDAQ: GOLD)

  RANDGOLD RESOURCES LIMITED Incorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading Symbol: RRS Nasdaq Trading Symbol: GOLD   TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi  1. Identity of the issuer or the          RANDGOLD RESOURCES LIMITED underlying issuer of existing shares to which voting rights are attached: ii  2 Reason for the notification (please tick the appropriate box or boxes):  An acquisition or disposal of voting rights                    X  An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached  An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments  An event changing the breakdown of voting rights  Other (please specify):  3. Full name of person(s) subject BARING ASSET MANAGEMENT LIMITED("BAM") to the notification obligationiii:OPPENHEIMERFUNDS, INC. ("OFI")   4. Full name of shareholder(s) (if different from 3.):iv  5. Date of the transaction and        24 MARCH 2010 date on which the threshold is crossed or reached:v  6. Date on which issuer notified:     25 MARCH 2010  7. Threshold(s) that is/are           3% (aggregated basis 3.0150%; crossed or reached: vi, vii           BAM 1.1283% and OFI 1.8867%)  8. Notified details:  A: Voting rights attached to shares viii, ix  Class/type   Situation         Resulting situation after the triggering of shares    previous to the   transaction              triggering if possible  transaction using the ISIN CODE    Number    Number   Number of  Number of voting % of voting              of        of       shares     rights           rights x              Shares    Voting   Direct                        Rights           Direct Indirect Direct Indirect                                           xi     xii  GB00B01C3S32 Nil         Nil 1,017,188        1,017,188        1.1283%                                (BAM)            (BAM)           (BAM)                              1,700,819        1,700,819        1.8867%                                (OFI)            (OFI)            (OFI)                              2,718,007        2,718,007        3.0150%                               (Total)          (Total)         (Total)  B: Qualifying Financial Instruments  Resulting situation after the triggering transaction  Type of            Expiration  Exercise/      Number of voting   % of                                                                  voting financial          date xiii   Conversion     rights that may be rights instrument                     Period xiv     acquired if the                                               instrument is exercised/                                               converted.   C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi  Resulting situation after the triggering transaction  Type of        Exercise  Expiration Exercise/ Number of voting  % of financial      price     date      Conversion    rights       voting instrument               xvii        period    instrument     rights                                       xviii    refers to                                                          Nominal Delta   Total (A+B+C)  Number of voting rights                   Percentage of voting rights  1,017,188 (BAM)                           1.1283% (BAM) 1,700,819 (OFI)                           1.8867% (OFI) 2,718,007 (Total)                         3.0150% (Total)  9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable: xxi  The percentage of holdings noted above is based on total outstanding shares of 90,150,067. Massachusetts Mutual Life Insurance Company is the parent company of Baring Asset Management Limited ("BAM") and OppenheimerFunds, Inc. ("OFI").  10. Name of the proxy holder:  11. Number of voting rights proxy holder will cease to hold:  12. Date on which proxy holder will cease to hold voting rights:  13. Additional information:   14. Contact name:         Rose Baker, Massachusetts Mutual Life                                       Insurance Company  15. Contact telephone number:         001 (413)744-8258  Note: Annex should only be submitted to the FSA not the issuer  Annex: Notification of major interests in share  A: Identity of the persons or legal entity subject to the notification obligation  Full name (including legal form of  Massachusetts Mutual Life Insurance legal entities)                     Company  Contact address (registered office  1295 State Street, MIP Code F420, for legal entities)                 Springfield, MA 01111  Phone number & email                001 (413) 744-8258                                     ([email protected])  Other useful information (at least  Rose Baker legal representative for legal persons)  B: Identity of the notifier, if applicable  Full name                   D J Haddon  Contact address             La Motte Chambers, La Motte Street,                             St.Helier, Jersey, JE1 1BJ, Channel                             Islands  Phone number & email        +44 1534 735 444                             [email protected]  Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)  C: Additional information                       This information is provided by RNS           The company news service from the London Stock Exchange  END 

Contacts: RNS Customer Services 0044-207797-4400 Email Contact http://www.rns.com