ARM and Assore reach an in principle agreement on ARM's disposal of its 50% effective interest in the Dwarsrivier 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") AFRICAN RAINBOW MINERALS LIMITED (ARM) AND ASSORE LIMITED (ASSORE) REACH AN IN PRINCIPLE AGREEMENT ON ARM’S DISPOSAL OF ITS 50% EFFECTIVE INTEREST IN THE DWARSRIVIER CHROME MINE TO ASSORE ARM and Assore have reached an in principle agreement on ARM’s disposal of its effective 50% interest in the Dwarsrivier Chrome Mine (“Dwarsrivier”) to Assore (the “Transaction”). Dwarsrivier is currently an operation of Assmang Proprietary Limited (“Assmang”) which is jointly owned by ARM and Assore. Pursuant to the implementation of the Transaction, Assore will own an effective 100% interest in Dwarsrivier. The implementation of the Transaction is subject to the execution of definitive agreements and the receipt of relevant regulatory approvals. The ARM Board of Directors has approved the disposal of Dwarsrivier as primary chrome ore production does not form part of ARM’s future commodity portfolio. The Transaction is not a categorised transaction in terms of the JSE Limited Listings Requirements. ENDS For all related queries please contact: Jan Steenkamp Chief Executive of Strategic Services and Exploration Office: +27 11 779 1000 Email: jan.steenkamp@arm.co.za Sandton 27 February 2015 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 27/02/2015 04:58:00 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.