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AFRICAN RAINBOW MINERALS LIMITED - Acceptance of share options, bonus shares and performance shares

Release Date: 15/11/2013 17:00
Code(s): ARI     PDF:  
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Acceptance of share options, bonus shares and performance shares

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”)

Acceptance of share options, bonus shares and performance shares

In terms of paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE
Limited (“the Listings Requirements”), we provide the following information
regarding the acceptance of share options, conditional bonus shares and
conditional performance shares by the undermentioned executive directors and
company secretary of the Company:

1. Share options
Date of acceptance               13 November 2013
Nature of transaction            Grants and acceptances of share options in
                                 terms of The African Rainbow Minerals Share
                                 Incentive Scheme in off market transactions
Strike price                     R200.75 per share option
Vesting date for exercising of   All options vest on 30 October 2017 for
options                          the executive directors and on 30 October
                                 2016 for the company secretary
                                 Any options not exercised by 30 October 2021
                                 will lapse
Class of securities              Ordinary shares
Extent of interest               Direct, beneficial


Name            Designation                      Number   Strike value
                                                 of Share of Share
                                                 options* options
                                                          R
PT Motsepe       Executive chairman            20 223     4 059 767.25
MP Schmidt       Chief executive officer       15 963     3 204 572.25
M Arnold         Financial director            11 245     2 257 433.75
DV Simelane      Executive director             8 238     1 653 778.50
AJ Wilkens       Executive director            15 378     3 087 133.50
AN D’Oyley       Company secretary              2 865       575 148.75
* The vesting of share options is conditional on continued employment by ARM
and where applicable, the reasons for the cessation of such employment.


2. Bonus shares
Acceptance date                  13 November 2013
Nature of transaction            Grants and acceptances of conditional bonus
                                 shares in terms of The African Rainbow
                                 Minerals Limited 2008 Share Plan in off
                                 market transactions
Vesting date for settlement      30 October 2017 (executive directors)
                                 30 October 2016 (company secretary)
Class of securities              Ordinary shares
Extent of interest               Direct, beneficial




Name          Designation               Number of   Value of
                                        Bonus       grant
                                        Shares *    R
PT Motsepe     Executive chairman         31 235    6 131 430.50
MP Schmidt     Chief executive officer    21 245    4 170 393.50
M Arnold       Financial director         10 361    2 033 864.30
DV Simelane    Executive director          7 590    1 489 917.00
AJ Wilkens     Executive director         14 170    2 781 571.00
AN D’Oyley     Company secretary           1 446      283 849.80
* The vesting of bonus shares is conditional on continued employment by ARM
  and where applicable, the reasons for the cessation of such employment.
  The calculation of the value of these grants is based upon the volume
  weighted average ARM share price for the 20 trading days ended 28 October
  2013, which was R196.30.


3. Performance shares
Acceptance date                  13 November 2012
Nature of transaction            Awards and acceptances of conditional
                                 performance shares in terms of The African
                                 Rainbow Minerals Limited 2008 Share Plan in
                                 off market transactions
Vesting date for settlement      30 October 2017 (executive directors)
                                 30 October 2016 (company secretary)
Class of securities              Ordinary shares
Extent of interest               Direct, beneficial


Name          Designation               Number of    Value of
                                        Performance award
                                        Shares *     R
PT Motsepe     Executive chairman         40 314     7 913 638.20
MP Schmidt     Chief executive officer    33 344     6 545 427.20
M Arnold       Financial director         21 096     4 141 144.80
DV Simelane    Executive director          8 425     1 653 827.50
AJ Wilkens     Executive director         15 727     3 087 210.10
AN D’Oyley     Company secretary           1 066       209 255.80
* The vesting of performance shares is conditional on performance criteria and
  continued employment by ARM and where applicable, the reasons for the
  cessation of such employment.
 The calculation of the value of these awards is based upon the volume
 weighted average ARM share price for the 20 trading days ended 28 October
 2013, which was R196.30.


The Board of Directors of ARM, on the recommendation of the Remuneration
Committee, approved the grant of the share options and the bonus shares and
the award of the performance shares as set out above in terms of paragraph
3.66 of the Listings Requirements.

Sandton
15 November 2013

Sponsor to ARM:
Deutsche Securities (SA) Proprietary Limited

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