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 The exercise of share options and the purchase of shares by the Executive Chairman of ARM. A. In compliance with paragraph 3.63 – 3.66 of the Listings Requirements of the JSE Limited (“JSE”), we hereby advise of the following dealings by a Director of ARM in ARM securities: In terms of The ARM Share Incentive Scheme the share options described below will expire on 1 November 2014, if not exercised by that date. Name of director Patrice Motsepe Category of director Executive Chairman Date of transaction 9 September 2014 Nature of transaction Exercise of share options and acquisition of shares by subscription Class of securities Ordinary shares Offer/Option price 7 399 cents per share Options granted on 1 November 2006: Vested: 44 594 on 2 November 2007, 44 594 on 2 November 2008, 84 824 on 2 November 2009, 40 228 on 2 November 2010, and 40 228 on 2 November 2011 Number of securities 254 468 Market price of securities Closing price of R170 per ARM share on Monday, 8 September 2014 Total market value of R43 259 560 securities Nature of interest Direct, beneficial Clearance to deal Yes B. In terms of paragraph 3.63 – 3.66 of the Listings Requirements of the JSE, the following information is provided regarding the election by the Executive Chairman of ARM, Mr Patrice Motsepe, to transfer his shares acquired by subscription, as described in “A” above, to Botho-Botho Commercial Enterprises (Pty) Limited (“BBCE”). All the shares of BBCE are held and beneficially owned by trusts, which trusts, with the exception of The Motsepe Foundation, hold those shares for the benefit of Mr Motsepe and his immediate family. The Motsepe Foundation applies the benefits emanating from its shareholding in BBCE for philanthropic purposes. The requisite clearances and approval for this transaction have been obtained in compliance with the Securities Dealing Policies and Procedures of ARM. Name of director Patrice Motsepe Category of director Executive Chairman Date of transaction 9 September 2014 Nature of transaction Transfer of shares to the Motsepe Family Structure with no change in beneficial ownership Class of securities Ordinary shares Number of securities 254 468 Market value of securities Closing price of R170 per ARM share on Monday, 8 September 2014 Total market value of transaction Total value of shares transferred- R43 259 560 Nature of interest Indirect, beneficial Clearance to deal Yes Sandton 11 September 2014 Sponsor to ARM: Deutsche Securities (SA) Proprietary Limited Date: 11/09/2014 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.