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 provide the following information regarding the exercise of share options by net settlement. The calculation for the net settlement mechanism is based upon the closing share price of R199.00 on 4 September 2013: Name of director Michael Arnold Category of director Executive Date of transaction 5 September 2013 Nature of transaction Exercise of share options by net settlement and on-market sale of shares Class of securities Ordinary shares Number of options exercised 26 466 share options; the 42 101 vested share options are reduced to 26 466 share options as a result of the net settlement mechanism being utilised Offer price of options 3 700 cents per share option: 101 share options (reduced to 82 share options) granted on 10 October 2005 and vested on 11 October 2008 7 399 cents per share option: 42 000 share options (reduced to 26 384 share options) granted on 1 November 2006 and tranches vested on 2 November 2007, 2 November 2008 and 2 November 2009 Number of securities sold 26 466 Selling price of securities Average price of R198.0333 per share (with a low of R197.80 and a high of R198.58) Total proceeds from sale of securities R5 241 943.30 Nature of interest Direct, beneficial Clearance to deal Yes Sandton 9 September 2013 Sponsor to ARM: Deutsche Securities (SA) Proprietary Limited Date: 09/09/2013 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.