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 R138.47 per ARM share on 24 October 2014. In terms of The ARM Share Incentive Scheme the share options described below expire on 1 November 2014, if not exercised by that date. Name of director Andries Jacobus Wilkens Category of director Executive Date of transaction 27 October 2014 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 874 share options; the 1 877 vested share options are reduced to 874 share options as a result of the net settlement mechanism being utilised Offer price of options 7 399 cents per share option: 1 877 share options (reduced to 874 share options) granted on 1 November 2006 and vested on 2 November 2011 Number of securities sold 874 Selling price of securities R137.84 per share Total proceeds from sale of R120 472.16 securities Nature of interest Direct, beneficial Clearance to deal Yes Sandton 29 October 2014 Sponsor to ARM: Deutsche Securities (SA) Proprietary Limited Date: 29/10/2014 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.