AFRICAN RAINBOW MINERALS LIMITED - Dealings in securities by Directors and Company Secretary

Dealings in securities by Directors and Company Secretary

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 Directors and Company Secretary

Award and acceptance of conditional performance shares

In terms of paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE
Limited (“the Listings Requirements”), we provide the following information
regarding the grant and acceptance of conditional performance shares by the
undermentioned Executive Directors and Company Secretary of the Company:


Performance shares
Acceptance date                   12 December 2016
Nature of transaction             Awards and acceptances of conditional
                                  performance shares in terms of The African
                                  Rainbow Minerals Limited 2008 Share Plan in
                                  off market transactions
Vesting date for settlement       10 December 2019
Class of securities               Ordinary shares
Extent of interest                Direct, beneficial


Name           Designation               Number of         Value of
                                         Performance        award**
                                         Shares *                 R
 PT Motsepe     Executive Chairman           244 653     25 874 501
 MP Schmidt     Chief Executive Officer      193 452     20 459 484
 M Arnold       Financial Director           120 270     12 719 755
 HL Mkatshana   Executive Director            66 762      7 060 749
 AJ Wilkens     Executive Director           124 630     13 180 869
 AN D’Oyley     Company Secretary              8 089        855 493
* The vesting of performance shares is conditional on performance criteria and
  continued employment by ARM and where applicable, the reasons for the
  cessation of such employment.
**The calculation of the value of these awards is based upon the volume
  weighted average ARM share price for the 20 trading days ended 8 December
  2016, which was R105.76.


The Board of Directors of ARM, on the recommendation of the Remuneration
Committee, approved the award of the performance shares as set out above in
terms of paragraph 3.66 of the Listings Requirements.

Sandton
14 December 2016

Sponsor to ARM:
Deutsche Securities (SA) Proprietary Limited

Date: 14/12/2016 04:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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