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

Dealing 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”)


DEALING IN SECURITIES BY A DIRECTOR OF ARM


A.   Exercise of share options and acquisition of shares

In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the
JSE Limited (“the Listings Requirements”), the following information is
provided regarding the exercise of share options and acquisition of shares by
subscription by the Executive Chairman of ARM.

In terms of the rules of the African Rainbow Minerals Limited Share Incentive
Scheme, the share options described below would expire on 18 March 2022, if
not exercised by this date.

Name of director                Dr Patrice Motsepe
Category of director            Executive Chairman
Date of transaction             14 March 2022
Nature of transaction           Exercise of share options and off-market
                                acquisition of shares by subscription
Class of securities             Ordinary shares
Offer price                     20 223 options at R200.75 per share option;
                                granted on 29 October 2013 and vested on 30
                                October 2017.
Number of securities            20 223
Market price of securities      Closing price of R274.20 per ARM share on
                                Friday, 11 March 2022
Total market value of           R5 545 146.60
securities
Nature of interest              Direct, beneficial
Clearance to deal               Yes


B.   Transfer of shares

In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements, the
following information is provided regarding the election by the Executive
Chairman of ARM, Dr Patrice Motsepe, to transfer his shares acquired by
subscription as described in “A” above to African Rainbow Minerals &
Exploration Investments Proprietary Limited (“ARMI”). The shares of ARMI are
indirectly held and beneficially owned by trusts, which trusts, with the
exception of The Motsepe Foundation, hold those shares for the benefit of Dr
Patrice Motsepe and his immediate family. The Motsepe Foundation applies the
benefits emanating from its indirect shareholding in ARMI for philanthropic
purposes.

                                                                             
Date of transaction                 14 March 2022
Name of director                    Dr Patrice Motsepe
Category of director                Executive Chairman
Nature of transaction               Off-market transfer of shares to ARMI
                                    with no change in beneficial ownership

Class of securities                 Ordinary shares
Number of securities                20 223
Market value of securities          Closing price of R274.20   per   share   on
                                    Friday, 11 March 2022
Total market value of transaction   R5 545 146.60
Nature of interest                  Indirect, beneficial
Clearance to deal                   Yes

The requisite clearances and approvals for these transactions have been
obtained in compliance with the securities dealing policies and procedures of
ARM and paragraph 3.66 of the Listings Requirements.



Sandton
17 March 2022

Sponsor to ARM:
Investec Bank Limited




                                                                              

Date: 17-03-2022 03:00:00
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