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ARI - African Rainbow Minerals Limited - Equity settlement of 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") Equity settlement of bonus shares and performance shares A. 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 equity settlement of bonus shares and performance shares by ARM to the undermentioned directors of the Company. The calculation for the equity settlement of these shares is based upon the closing share price of R180.75 on Friday, 2 December 2011.
1. Bonus shares Date of transaction 5 December 2011 Nature of transaction Equity settlement of bonus shares in terms of The African Rainbow Minerals
Limited 2008 Share Plan in off market transactions Date of grant 2 December 2008 Vesting date 3 December 2011 Class of securities Ordinary shares Extent of interest Direct, beneficial Name Designation Number of Value Bonus Shares settled R PT Motsepe Executive chairman 20 445 3 695 433.75 AJ Wilkens Chief executive officer 13 468 2 434 341.00 M Arnold Financial director 4 217 762 222.75 WM Gule Executive director 4 325 781 743.75 KS Mashalane Executive director 3 626 655 399.50 MP Schmidt Executive director 3 430 619 972.50 LA Shiels Executive director 4 228 764 211.00 JC Steenkamp Executive director 8 704 1 573 248.00 2. Performance shares Date of transaction 5 December 2011 Nature of transaction Equity settlement of performance shares in terms of The African Rainbow Minerals Limited 2008 Share Plan in off market
transactions Date of award 2 December 2008 Vesting date 3 December 2011 Class of securities Ordinary shares Extent of interest Direct, beneficial Name Designation Number of Value Performance Shares
settled R PT Motsepe Executive chairman 61 344 11 087 928.00 AJ Wilkens Chief executive officer 61 692 11 150 829.00 M Arnold Financial director 10 989 1 986 261.75 WM Gule Executive director 12 303 2 223 767.25 KS Mashalane Executive director 12 834 2 319 745.50 MP Schmidt Executive director 10 989 1 986 261.75 LA Shiels Executive director 12 270 2 217 802.50 JC Steenkamp Executive director 27 501 4 970 805.75 The remuneration committee granted the necessary authority to settle these bonus shares and performance shares in terms of paragraph 3.66 of the Listings Requirements. Dealings in securities by directors B. In terms of paragraphs 3.63 to 3.66 of the Listings Requirements, the following information is provided regarding the election by the undermentioned directors to sell shares to settle the tax payable on the settlement of bonus shares and performance shares as described in "A" above. 1 Date of transaction 5 December 2011 Nature of transaction On market sale of shares Class of securities Ordinary shares Number of securities 29 430 Selling price of securities Average price of R181.5043 per share (with a low of R181.20 and a high of R181.98)
Total value of transaction R5 341 671.55 Nature of interest Direct, beneficial Clearance to deal Yes
2 Date of transaction 6 December 2011 Nature of transaction On market sale of shares Class of securities Ordinary shares Number of securities 33 275 Selling price of securities Average price of R178.017 per share (with a low of R177.01 and a high of R179.51) Total value of transaction R5 923 515.68 Nature of interest Direct, beneficial Clearance to deal Yes Name Designation Number of Total value Ordinary of
shares sold transactions B1 and B2 R AJ Wilkens Chief executive officer 30 531 5 485 222.76 M Arnold Financial director 6 177 1 109 323.15 WM Gule Executive director 6 755 1 213 608.40 KS Mashalane Executive director 6 684 1 200 854.11 MP Schmidt Executive director 5 856 1 052 092.50 LA Shiels Executive director 6 702 1 204 086.31 C. In terms of paragraphs 3.63 to 3.66 of the Listings Requirements, the following information is provided regarding the election by the executive chairman, Mr Patrice Motsepe, to sell his bonus shares and performance shares as described in "A" above, which sale is not a sale or disposal to a third party but to Botho-Botho Commercial Enterprises (Pty) Limited ("B- BCE"). The entire issued share capital of B-BCE is held and beneficially owned by trusts established for the benefit of Mr Patrice Motsepe and his immediate family. The requisite clearances and approvals for this transaction have been obtained in compliance with the Securities Dealing Policies and Procedures of ARM. Date of transaction 7 December 2011 Nature of transaction Off market sale of shares Selling price of securities Closing price of R177.05 on Tuesday, 6 December 2011
Class of securities Ordinary shares Nature of interest Direct, beneficial Clearance to deal Yes Name Designation Number of Total value Ordinary of shares sold transaction R PT Motsepe Executive chairman 81 789 14 480 742.45 Sandton 7 December 2011 Sponsor to ARM: Deutsche Securities (SA) (Proprietary) Limited Date: 07/12/2011 17:00:06 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.
