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

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                                      
Date of transaction              12 December 2011                               
Nature of transaction            Exercise of share options and on-market sale   
of shares                                       

Class of securities              Ordinary shares                                
Offer price                      7 399 cents per option                         
                                Options granted on 1 November 2006 and          
vested on 2 November 2011                       

Number of securities             9 867                                          
Selling price of securities      Average price of R172.006 per share (with a    
                                low of R171.72 and a high of R172.35)           
Total value of transaction       R1 697 183.20                                  
Nature of interest               Direct, beneficial                             
Clearance to deal                Yes                                            
Sandton                                                                         
13 December 2011                                                                
Sponsor to ARM:                                                                 
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 13/12/2011 17:00:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.