AFRICAN RAINBOW MINERALS LIMITED - Directors dealings in ARM securities

Director’s dealings in ARM securities

African Rainbow Minerals Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1933/004580/06)
JSE Share code: ARI
ISIN: ZAE000054045
(“ARM”)

Director’s dealings in ARM securities

The exercise of share options and the subscription for shares by the Executive
Chairman of ARM.

A. In compliance with paragraph 3.63 – 3.66 of the Listings Requirements of
the JSE Limited, we hereby advise of the following dealings by a Director of
ARM in ARM securities:

In terms of The ARM Share Incentive Scheme the share options described below
will expire on 10 October 2013, if not exercised by that date.

Name of director                 Patrice Motsepe
Category of director             Executive Chairman
Date of transaction              5 October 2012
Nature of transaction            Exercise of share options and   acquisition of
                                 shares by subscription
Class of securities              Ordinary shares
Offer/Option price               3 700 cents per share
                                 Options granted on 10 October   2005:
                                 Vested: 44 594 on 11 October    2006,
                                          44 594 on 11 October   2007, and
                                          44 596 on 11 October   2008

Number of securities             133 784
Market price of securities       Closing price of R158.01 per share on
                                 Thursday, 4 October 2012
Total market value of            R21 139 209.84
securities
Nature of interest               Direct, beneficial
Clearance to deal                Yes


B. In terms of paragraph 3.63 – 3.66 of the Listings Requirements, the
following information is provided regarding the election by the Executive
Chairman of ARM, Mr Patrice Motsepe, to transfer his shares acquired by
subscription as described in “A” above to Botho-Botho Commercial Enterprises
(Pty) Limited (“BBCE”). The entire issued share capital of BBCE is held and
beneficially owned by trusts established for the benefit of Mr Patrice Motsepe
and his immediate family (Motsepe Family Structure). The requisite clearances
and approval for this transaction have been obtained in compliance with the
Securities Dealing Policies and Procedures of ARM.

Date of transaction              5 October 2012
Nature of transaction            Transfer of shares to the Motsepe Family
                                 Structure with no change in beneficial
                                 ownership
Class of securities              Ordinary shares
Number of securities             133 784
Market value of securities       Closing price of R158.01 per share on
                                 Thursday, 4 October 2012
Total market value of
transaction                      Total value of shares transferred-
                                 R21 139 209.84
Nature of interest               Indirect, beneficial
Clearance to deal                Yes



Sandton
9 October 2012


Sponsor to ARM:
Deutsche Securities (SA) (Proprietary) Limited

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