ARI - African Rainbow Minerals Limited - Completion of Chief Executive Officer

ARI - African Rainbow Minerals Limited - Completion of Chief Executive Officer  
Succession Process                                                              
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")                                                        
COMPLETION OF CHIEF EXECUTIVE OFFICER SUCCESSION PROCESS                        
Further to the announcement made on 28 February 2011 titled "Commencement of    
Chief Executive Officer Succession Process" ARM announces the completion of the 
process to identify a successor for the current Chief Executive Officer ("CEO") 
Andre Wilkens.                                                                  
After a comprehensive search process, the ARM Board of Directors is pleased to  
announce the decision to appoint Michael (Mike) Schmidt, an internal candidate  
from the ARM Platinum Division, as the CEO designate from 1 September 2011. He  
will thereafter work with Andre Wilkens for a period of six months as part of a 
hand over process.                                                              
Mike Schmidt will take over as CEO of ARM from March 2012.                      
Andre Wilkens will continue to be employed as an Executive Director and his     
responsibilities will include the growth and strategic development of the       
Company. He will be based in the office of the Executive Chairman.              
Patrice Motsepe, ARM`s Executive Chairman said, "I am excited to welcome Mike   
Schmidt as the new CEO of ARM. Mike has been with ARM for the last four years   
and will continue with the internal growth process that is currently underway   
and will also lead the African and external growth strategy.                    
"I would also like to express my deep appreciation and gratitude to Andre       
Wilkens for the outstanding leadership that he has provided as CEO of ARM."     
For all investor relations queries, please contact:                             
Jongisa Klaas                                                                   
Head of Investor Relations and Corporate Development                            
Office: +27 11 779 1507                                                         
Email: jongisa.klaas@arm.co.za                                                  
Sandton                                                                         
23 June 2011                                                                    
Sponsor to ARM: Deutsche Securities (SA) (Proprietary) Limited                  
Date: 23/06/2011 11:59:01 Supplied by www.sharenet.co.za                     
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