Changes to directors' functions African Rainbow Minerals Limited (Incorporated in the Republic of South Africa) (Registration number 1933/004580/06) JSE Share code: ARI ISIN: ZAE000054045 (“Company”) Changes to directors’ functions Notice is hereby given in terms of paragraph 3.59(c) of the JSE Limited Listings Requirements that Dr M M M Bakane-Tuoane will cease to be the Lead Independent Non-executive Director of the board of directors of the Company (the “Board”) with effect from 2 March 2015. Dr Bakane-Tuoane was also the Chairman of both the Nomination Committee and the Non-executive Directors’ Committee of the Company as required by the principles of King III: Report on Governance for South Africa 2009 (“King III”). She will therefore cease to be the Chairman of the Nomination Committee and the Chairman of the Non-executive Directors’ Committee of the Company, with effect from 2 March 2015. Dr Bakane-Tuoane, an existing Remuneration Committee member, has been appointed by the Board to serve the Company as the Chairman of the Remuneration Committee with effect from 2 March 2015 and will continue as a member of the Nomination Committee and the Non- executive Directors’ Committee. The Board conveys its appreciation to Dr Bakane- Tuoane for her leadership in these roles. The Board is pleased to announce the appointment of Mr A K Maditsi, an Independent Non-executive Director of the Company, as the Lead Independent Non- executive Director of the Board as well as the Chairman of the Nomination Committee and the Chairman of the Non-executive Directors’ Committee of the Company, with effect from 2 March 2015. Applying the principles of King III, Mr Maditsi will cease to be the Chairman of the Remuneration Committee of the Company with effect from 2 March 2015. Mr Maditsi will remain a member of the Remuneration Committee. ENDS For all investor relations queries please contact: Jongisa Magagula Corporate Development and Head of Investor Relations Office: +27 11 779 1300 E-mail: jongisa.magagula@arm.co.za Johannesburg 2 March 2015 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 02/03/2015 05:15:00 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.