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”) Dealings in ARM securities A. 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 prices of R195.66 and R194.43 on 6 September and 9 September 2013 respectively: Name of director Michael Arnold Category of director Executive 1 Date of transaction 9 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 6 539 share options; the 10 515 vested share options are reduced to 6 539 share options as a result of the net settlement mechanism being utilised Offer price of options 7 399 cents per share option: 10 515 share options (reduced to 6 539 share options) granted on 1 November 2006 and tranches vested on 2 November 2009, 2 November 2010 and 2 November 2011 Number of securities sold 6 539 Selling price of securities Average price of R195.45 per share (with a low of R195.25 and a high of R195.45) Total proceeds from sale of R1 278 047.55 securities Nature of interest Direct, beneficial Clearance to deal Yes 2 Date of transaction 10 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 18 296 share options; the 29 536 vested share options are reduced to 18 296 share options as a result of the net settlement mechanism being utilised Offer price of options 7 399 cents per share option: 29 536 share options (reduced to 18 296 share options) granted on 1 November 2006 and tranches vested on 2 November 2009, 2 November 2010 and 2 November 2011 Number of securities sold 18 296 Selling price of securities Average price of R195.5711 per share (with a low of R195.00 and a high of R197.00) Total proceeds from sale of R3 578 168.85 securities Nature of interest Direct, beneficial Clearance to deal Yes B. Company secretary’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 the company secretary in ARM securities: Name of director Alyson Nerene D’Oyley Category of director Company secretary Date of transaction 10 September 2013 Nature of transaction Exercise of share options and on- market sale of shares Class of securities Ordinary shares Number of options exercised 2 552 share options Offer price of options 15 520 cents per share option: granted on 15 October 2009 and vested on 16 October 2012 Number of securities sold 2 552 Selling price of securities R200.00 Total value of transaction R510 400.00 Nature of interest Direct, beneficial Clearance to deal Yes Sandton 11 September 2013 Sponsor to ARM: Deutsche Securities (SA) Proprietary Limited Date: 11/09/2013 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.