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ARI - African Rainbow Minerals Limited - Acceptance of share options, bonus shares and 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") Acceptance of share options, bonus shares and 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 acceptance of share options, bonus shares and performance shares by ARM to the undermentioned directors and company secretary of the Company: 1. Share options Date of acceptance 28 November 2011 Nature of transaction Grants of share options in terms of The African Rainbow Minerals Share Incentive Scheme in off market transactions Strike price R182,67 per option Vesting date for exercising of All options vest on 10 November 2015 for options directors and 10 November 2014 for the company secretary Any option not exercised by 9 November 2019
will lapse Class of securities Ordinary shares Extent of interest Direct, beneficial Name Designation Number Strike value of Share of Share options options R PT Motsepe Executive chairman 19 396 3 543 067.32 AJ Wilkens Chief executive officer 19 124 3 493 381.08 M Arnold Financial director 9 959 1 819 210.53 WM Gule Executive director 7 704 1 407 289.68 KS Mashalane Executive director 7 704 1 407 289.68 MP Schmidt Executive director 15 328 2 799 965.76 LA Shiels Executive director 6 163 1 125 795.21 JC Steenkamp Executive director 14 903 2 722 331.01 AN D`Oyley Company secretary 2 657 485 354.19 2. Bonus shares Acceptance date 28 November 2011 Nature of transaction Grants of bonus shares in terms of The African Rainbow Minerals Limited 2008 Share Plan in off market transactions Vesting date for settlement 10 November 2015 (directors) 10 November 2014 (company secretary)
Class of securities Ordinary shares Extent of interest Direct, beneficial Name Designation Number of Value Bonus
Shares * R PT Motsepe Executive chairman 28 381 5 098 930.46 AJ Wilkens Chief executive officer 24 112 4 331 961.92 M Arnold Financial director 8 693 1 561 784.38 WM Gule Executive director 6 725 1 208 213.50 KS Mashalane Executive director 3 751 673 904.66 MP Schmidt Executive director 5 062 909 438.92 LA Shiels Executive director 4 707 845 659.62 JC Steenkamp Executive director 16 778 3 014 335.48 AN D`Oyley Company secretary 982 176 426.12 * Bonus shares are conditional on continued employment. The calculation of this grant is based upon the volume weighted average price of R179.66 for the 20 trading days ended 8 November 2011. 3. Performance shares Acceptance date 28 November 2011 Nature of transaction Awards of performance shares in terms of The African Rainbow Minerals Limited 2008 Share Plan in off market transactions Vesting date for settlement 10 November 2015 (directors) 10 November 2014 (company secretary)
Class of securities Ordinary shares Extent of interest Direct, beneficial Name Designation Number of Value Performance
Shares * R PT Motsepe Executive chairman 23 994 4 310 762.04 AJ Wilkens Chief executive officer 25 278 4 541 445.48 M Arnold Financial director 10 125 1 819 057.50 WM Gule Executive director 7 833 1 407 276.78 KS Mashalane Executive director 7 833 1 407 276.78 MP Schmidt Executive director 20 260 3 639 911.60 LA Shiels Executive director 5 483 985 075.78 JC Steenkamp Executive director 18 184 3 266 937.44 AN D`Oyley Company secretary 982 176 426.12 * Performance shares are conditional on performance measures. The calculation of this award is based upon the volume weighted average price of R179.66 for the 20 trading days ended 8 November 2011. The remuneration committee granted the necessary authority to offer these share options, bonus shares and performance shares in terms of paragraph 3.66 of the Listings Requirements. Sandton 30 November 2011 Sponsor to ARM: Deutsche Securities (SA) (Proprietary) Limited Date: 30/11/2011 17:00:10 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
