<Page> Exhibit 3 <Page> EXHIBIT 3 [DURBAN ROODEPOORT DEEP LOGO] DURBAN ROODEPOORT DEEP NEWS RELEASE 4 NOVEMBER 2002 150/02-CDR EMBARGO: FOR IMMEDIATE RELEASE) DRD CONVERTIBLE NOTE ISSUE: MEDIA RELEASE "DRD SUCCESSFULLY RAISES FUNDS FOR EXPANSION" DRD RAISES US$60 MILLION THROUGH CONVERTIBLE NOTE ISSUE Durban Roodepoort Deep, Limited (DRD) has successfully raised US$60 million, primarily to fund growth, through the issue of four year 6% Senior Convertible Notes, mainly to investors in North America and Europe, Chairman and Chief Executive Officer Mark Wellesley-Wood announced today (4.11.02). "The transaction gives us the capital we need to fund a new and exciting phase in our company's expansion," Wellesley-Wood said. Of the net proceeds, DRD expects to use approximately: - - $15 million for capital expenditures to upgrade and improve metallurgical plants and expand mining operations; - - $15 million for the acquisition of gold producing businesses or companies; - - $15 million for mineral exploration and resource evaluation in South Africa, including the Argonaut Project; - - $7.5 million for capital expenditures designed to reduce administrative and production costs; and 1 <Page> - - the remainder for general corporate purposes, including working capital. The $60 million principal amount of convertible notes has been issued at par and is convertible into ordinary shares at a price of $3.75, at the option of the noteholders. The conversion price represents a premium of approximately 21% to the closing price of the company's ADRs as traded on Nasdaq on Friday, 1 November 2002. QUERIES: Mark Wellesley-Wood 082 415 4998 Ian Murray 082 441 4090 Peter North 082 552 6218 +27 (0)11 282 8227 Prakash Chandramohan 082 407 4273 +27 (0)11 282 8248 James Duncan 082 892 8052 +27 (0)11 880 3924 2