Dealings in securities by directors of ARM 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”) Dealings in securities by directors of ARM In terms of paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE Limited (“the Listings Requirements”), the following information is provided regarding the grant to and acceptance by the under-mentioned directors of ARM of bonus shares and performance shares in ARM. These awards are made in terms of The African Rainbow Minerals Limited 2008 Share Plan and in terms of ARM’s deferred bonus/co-investment scheme approved by ARM’s Remuneration Committee. The calculation of these grants and awards is based upon the volume weighted average price of the ARM shares for the 20 trading days ended 9 October 2012, which was R165.65. 1. Bonus shares Grant date 10 October 2012 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 11 October 2015 Class of securities Ordinary shares Extent of interest Direct, beneficial 2. Performance shares Award date 10 October 2012 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 11 October 2015 Class of securities Ordinary shares Extent of interest Direct, beneficial Name Designation Number of Value Bonus Shares* R PT Motsepe Executive chairman 16 138 2 673 259.70 MP Schmidt Chief executive officer 11 250 1 863 562.50 AJ Wilkens Executive director 13 769 2 280 834.85 * The vesting of the Bonus shares is conditional on continued employment with ARM. Name Designation Number of Value Performance Shares* R PT Motsepe Executive chairman 16 138 2 673 259.70 MP Schmidt Chief executive officer 11 250 1 863 562.50 AJ Wilkens Executive director 13 769 2 280 834.85 * The vesting of the Performance shares is conditional on performance measures. The Remuneration Committee granted the necessary authority to grant and award these bonus shares and performance shares in terms of paragraph 3.66 of the Listings Requirements. Sandton 12 October 2012 Sponsor to ARM: Deutsche Securities (SA) (Proprietary) Limited Date: 12/10/2012 05:00:00 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.