ARI - African Rainbow Minerals Limited - Update on Modikwa Platinum Mine

ARI - African Rainbow Minerals Limited - Update on Modikwa Platinum Mine        
strike                                                                          
African Rainbow Minerals Limited                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1933/004580/06)                                            
JSE Share code: ARI                                                             
ISIN: ZAE000054045                                                              
Update on Modikwa Platinum Mine strike                                          
Following a three week protected strike, Modikwa Platinum Mine (the             
"Mine") announces that the protracted collective bargaining process with        
the National Union of Mineworkers ("NUM"), spanning several months, has         
not produced any agreement.                                                     
The dispute concerns wages and conditions of employment. At a meeting           
held on Tuesday, 3 April 2012, NUM rejected the Mine`s final offer. The         
Mine has thus withdrawn its final offer. NUM made other demands that the        
Mine simply cannot afford. The strike and the collective bargaining             
process have failed the parties. The Mine has no option but to withdraw         
from the negotiation process.                                                   
Striking employees are at liberty to return to work on their existing           
conditions of service.                                                          
ENDS                                                                            
For more information please contact:                                            
Jongisa Klaas                                                                   
Corporate Development and Head of Investor Relations                            
Tel:       +27 11 779 1507                                                      
Mobile: +27 82 562 5288                                                         
E-mail: jongisa.klaas@arm.co.za                                                 
Corne Dippenaar                                                                 
Corporate Development                                                           
Tel:       +27 11 779 1478                                                      
Mobile:    +27 83 380 6614                                                      
E-mail: corne.dippenaar@arm.co.za                                               
Johannesburg                                                                    
4 April 2012                                                                    
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited               
Date: 04/04/2012 10:16:01 Supplied by www.sharenet.co.za                     
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