<Page> Exhibit 3 <Page> DURBAN ROODEPOORT DEEP, LIMITED (Incorporated in the Republic of South Africa) Registration No. 1895/000926/06 ARBN 086 277616 JSE trading symbol : DUR ISIN Code : ZAE 000015079 ISSUER CODE : DUSM NASDAQ trading symbol : DROOY ("DRD") ABRIDGED REPORT AND NOTICE OF ANNUAL GENERAL MEETING 1. ABRIDGED REPORT TO SHAREHOLDERS FOR THE YEAR ENDED 30 JUNE 2003 Further to the reviewed preliminary results published on 24 July 2003 relating to the financial year ended 30 June 2003, shareholders are advised that the annual report will be posted to shareholders on or about 30 September 2003 and contains no modifications to such abridged results in this report. The financial statements below are prepared on the historical cost basis and in accordance with South African Statements of Generally Accepted Accounting Practice (SA GAAP). The accounting policies are, in all material respects, consistent with the annual financial statements for the year ended 30 June 2002 except for the adoption of AC133 - Financial instruments: Recognition and Measurement. KPMG's unmodified audit report on the annual SA GAAP financial statements contained in this announcement of annual results is available for inspection at the company's registered office. <Table> <Caption> GROUP INCOME STATEMENTS INCOME STATEMENTS FOR THE YEAR ENDING: JUNE 2003 JUNE 2002 (R 000) R 000 --------------- ---------------- (Audited) Revenue 2,408,598 2,638,994 Cost of sales (2,316,688) (2,360,853) -------------- -------------- Operating profit 91,910 278,141 Profit/(loss)on financial Instruments 370,199 (836,996) Profit on sale of subsidiary 89,333 - Asset impairment and diminution in (133,001) (21,996) investments Administration and general costs (61,087) (142,883) -------------- -------------- Profit/(loss) from operations 357,354 (723,684) Investment Income 99,998 55,664 Finance costs (39,498) (24,209) Loss from associate (43,674) - -------------- -------------- Profit/(loss)before taxation 374,180 (692,229) Taxation (charge)/benefit (3,275) 181,695 <Page> <Caption> Profit/(loss) after taxation 370,905 (510,534) ============== ============== Basic profit/(loss)per ordinary share (cents) 202 (316) Headline profit/(loss)per ordinary share (cents) 217 (315) Calculated on the weighted average ordinary shares in issue 183,300,665 167,307,436 Diluted basic profit/(loss)per ordinary share (cents) 198 (305) Diluted headline profit/(loss) per ordinary share (cents) 211 (304) Calculated on the weighted average diluted ordinary shares in issue 201,071,734 167,307,436 RECONCILIATION OF HEADLINE PROFIT/(LOSS) Profit/(loss) per income statement 370,905 (510,534) Less: Profit of sale of subsidiary (89,333) - Profit on sale of investments (1,376) (17,448) Profit on sale of mining (15,663) (3,360) Add: Impairment of assets and investments 133,001 21,996 Headline profit/(loss) 397,534 (509,346) ============== ============== CHANGES IN SHAREHOLDERS' INTEREST ABRIDGED (Audited) Shareholders' interest at the beginning of the year 438,022 439,361 Change in accounting policy - option of AC 133 (581,979) Share capital issued: for cash 68,027 45,558 - - for staff options exercised and expenses 1,8690 57,012 - - for equity portion of convertible note and expenses 155,023 - Movement in retained income 370,905 (510,534) Translation differences (12,622) 6,625 ------------ ----------- Shareholders' interest at the end of the year 456,066 438,022 </Table> RECONCILIATION BETWEEN ABRIDGED FINANCIAL RESULTS AND PRELIMINARY RESULTS PUBLISHED 24 JULY 2003. Profit after taxation per preliminary results 369,282 Adjusted for: <Page> - - Impairment of assets (35,503) - - Deferred tax adjustments 58,096 - - Depreciation adjustment (2,712) - - Fair value adjustment on financial derivatives (13,581) - - Foreign currency movements (2,054) - - Loss from associate (2,623) --------- Profit after taxation per abridged results 370,905 ========= Basic profit per ordinary share per 202 preliminary results - Impact of adjustments on profit Basic profit per ordinary share per abridged results 202 Headline profit per ordinary share per preliminary results 199 Impact of adjustments on headline profit 18 Headline profit per ordinary share per abridged results 217 <Table> <Caption> GROUP BALANCE SHEETS AS AT: (Audited) JUNE 2003 JUNE 2002 (R 000) (R 000) --------- ---------- Employment of Capital Mining assets 578,528 771,885 Non-current investments and other assets 205,838 144,318 Non-current receivable 5,277 - Deferred mining and income taxes 414,295 238,258 Derivative financial assets 49,025 - Current assets 563,748 460,637 ---------- ---------- Inventories 59,100 86,661 Trade and other receivables 172,551 126,644 Taxation 277 - Cash and equivalents 331,820 247,332 - - ------------ ------------ Total assets 1,816,711 1,615,098 ========== ========== Capital Employed Shareholders' equity 456,066 438,022 Borrowings 387,478 263,071 Deferred mining and income taxes - 69,964 Derivative financial liability 244,423 - Provision for environmental rehabilitation 183,965 193,376 Current liabilities 544,779 650,665 ------------ ------------ <Page> <Caption> Trade and other payables 373,234 475,586 Current portion of borrowings 142,435 165,561 Taxation - 4,002 Bank overdraft 29,110 5,516 ------------ ------------ Total equity and liabilities 1,816,711 1,615,098 ========== ========== </Table> Note: The change in borrowings compared the preliminary results dated 24 July 2003 is due to re-classification of long and short-term portion of borrowings. <Table> <Caption> GROUP CASH FLOW STATEMENTS FOR THE YEAR JUNE 2003 JUNE 2003 ENDING: (Audited) (R 000) (R 000) --------- ---------- Net cash outflow from operating activities (391,378) (612,180) Net cash (outflow)/inflow from investing activities (78,051) 46,173 Net cash inflow from financing activities 530,323 694,371 ---------- ----------- Net increase in cash & equivalents 60,894 128,364 Opening cash and equivalents 241,816 113,452 ------------ ------------ Closing cash and equivalents 302,710 241,816 ========== =========== </Table> 2. NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the annual general meeting of DRD shareholders will be held at 45 Empire Road, Parktown, Johannesburg on 28 November 2003 at 09:00 to transact business as set out in the notice of annual general meeting forming part of the annual report. 30 September 2003 Johannesburg Sponsor Standard Corporate and Merchant Bank (A division of The Standard Bank of South Africa Limited) (Registration number 1962/000738/06)