ARI - African Rainbow Minerals Limited - Director`s dealings in ARM

ARI - African Rainbow Minerals Limited - Director`s dealings in ARM             
securities                                                                      
African Rainbow Minerals Limited                                                
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1933/004580/06)                                            
JSE Share code: ARI                                                             
ISIN: ZAE000054045                                                              
("ARM")                                                                         
Director`s dealings in ARM securities                                           
In compliance with paragraph 3.63 - 3.66 of the Listings Requirements of the    
JSE Limited, we hereby advise the following dealings by a director in ARM       
securities:                                                                     
Name of director                Wilson Mangisi Gule                             
Category of director            Executive                                       
1  Date of transaction          7 September 2011                                
Nature of transaction        Exercise of share options and on-market          
                               sale of shares                                   
  Class of securities          Ordinary shares                                  
  Offer price                  13 973 cents per option                          
Options granted on 16 October 2007 (11 215       

                               and 3 785 vested on 17 October 2008 and 17       
                               October 2009 respectively)                       
  Number of securities         15 000                                           
Selling price of securities  Average price of R182.1874 per share (with       
                               a low of R180.00 and a high of R185.00)          
  Total value of transaction   R2 732 811.00                                    
  Nature of interest           Direct, beneficial                               
Clearance to deal            Yes                                              
2  Date of transaction          8 September 2011                                
  Nature of transaction        Exercise of share options and on-market          
                               sale of shares                                   
Class of securities          Ordinary shares                                  
  Offer price                  13 973 cents per option                          
                               Options granted on 16 October 2007 (7 430        
                               and 11 216 vested on 17 October 2009 and 17      
October 2010 respectively)                       

  Number of securities         18 646                                           
  Selling price of securities  Average price of R190.5099 per share (with       
                               a low of R190.00 and a high of R191.39)          
Total value of transaction   R3 552 247.57                                    
  Nature of interest           Direct, beneficial                               
  Clearance to deal            Yes                                              
Sandton                                                                         
9 September 2011                                                                
Sponsor to ARM:                                                                 
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 09/09/2011 17:00:02 Supplied by www.sharenet.co.za                     
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