AFRICAN RAINBOW MINERALS LIMITED - Dealings in securities by directors - Award and acceptance of performance shares

Dealings in securities by directors - Award and acceptance of performance shares

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

Award and acceptance of 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 of the Company:


Performance shares
Acceptance date                  28 May 2015
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      15 October 2018
Class of securities              Ordinary shares
Extent of interest               Direct, beneficial


Name          Designation               Number of    Value of
                                        Performance award
                                        Shares *     R
PT Motsepe     Executive chairman         165 373    17 770 982.58
MP Schmidt     Chief executive officer    130 764    14 051 899.44
M Arnold       Financial director          78 169      8 400 040.74
HL Mkatshana   Executive director          43 392      4 662 904.32
AJ Wilkens     Executive director          81 003      8 704 582.38
* 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 21 May 2015,
  which was R107.46.


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
29 May 2015

Sponsor to ARM:
Deutsche Securities (SA) Proprietary Limited

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