Results for the three months ended 30 September 2014 (Unaudited)

Based on IFRS and expressed in US Dollars (US$)

African Barrick Gold plc (“ABG’’) reports third quarter results
“We are pleased to announce production of 190,986 ounces in the quarter, up 16% on Q3 2013, providing further evidence that the changes we are implementing at our operations continue to improve performance”, said Brad Gordon, CEO of African Barrick Gold. “As a result we have delivered our eighth successive quarterly reduction in all-in sustaining costs (AISC). During the quarter we generated US$17 million in net cash flow and have now increased our cash balance year to date, after returning US$14 million in dividends to our shareholders and continuing to invest in growth. The optimisation of our assets continues with good progress made during the quarter on the projects at both Bulyanhulu and North Mara and we are looking forward to setting out our longer term plan for the business at our Investor Day on 27 November.”

Operational Highlights
 Gold production of 190,986 ounces, up 16% on Q3 2013

 Gold sales of 178,490 ounces, 11% higher than Q3 2013

 AISC1,2 of US$1,098 per ounce sold, 14% lower than Q3 2013 and 1% lower than Q2 2014

 Cash costs1,2 of US$679 per ounce sold, 7% lower than both Q3 2013 and Q2 2014

 Bulyanhulu CIL Expansion produced 5,097 ounces, with commissioning due for completion in Q4 2014

 Bulyanhulu run of mine head grade increased to 8.8 grams per tonne as underground development progressed well

 Full year production guidance reiterated of upwards of 700,000 ounces with cost guidance tightened to around US$740 and
around US$1,100 per ounce sold, for cash costs and AISC respectively (previously US$740-790 and US$1,100-1,175)

Financial Highlights
 Cash position increased by US$17 million to stand at US$287 million at 30 September 2014

 Revenue of US$241 million, 9% up on Q3 2013, as higher sales volumes more than offset lower average realised gold prices

 EBITDA1,3 of US$76 million, 17% higher than Q3 2013, due to increased revenue and lower cash costs

 Net earnings1,3 of US$28 million (US6.9 cents per share), 60% higher than Q3 2013

 Operational cash flow of US$101 million (155% higher than Q3 2013), driven by increased EBITDA and indirect tax refunds

 Capital expenditure of US$81 million was in line with Q3 2013

 Remain on track to exceed the planned US$185 million of cost savings as

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