AFRICAN RAINBOW MINERALS LIMITED - Dealings in securities by a director of ARM

Dealings in securities by a director of ARM

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

Dealings in securities by a director of ARM


Equity settlement of performance shares

In terms of paragraphs 3.63 to 3.66 of the Listings Requirements, the
following information is provided regarding the equity settlement of
performance shares by ARM to the undermentioned director of ARM. This award
was made in terms of The African Rainbow Minerals Limited 2008 Share Plan and
on recommendation of the Remuneration Committee, approved by ARM’s Board of
Directors. The calculation for the equity settlement of these shares is based
upon the closing ARM share price of R94.25 on Friday, 1 April 2016.


Name of director                 Hamilton Luthando Mkatshana
Category of director             Executive
Date of transaction              18 May 2016
Nature of transaction            Equity settlement of performance shares in
                                 terms of The African Rainbow Minerals
                                 Limited 2008 Share Plan in an off-market
                                 transaction
Date of award                    3 April 2012
Vesting date                     4 April 2016
Class of securities              Ordinary shares
Number of securities             13 489
Total value of transaction       R1 271 338.25
Extent of interest               Direct, beneficial


The Board of Directors of ARM, on the recommendation of the Remuneration
Committee, granted the necessary authority to settle these performance shares
in terms of paragraph 3.66 of the Listings Requirements.

Sandton
18 May 2016

Sponsor to ARM:
Deutsche Securities (SA) Proprietary Limited

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