Dealings in securities by directors - Award and acceptance of 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”) Dealings in securities by directors Award and acceptance of 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 grant and acceptance of conditional performance shares by the undermentioned executive directors of the Company: Performance shares Acceptance date 28 May 2015 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 15 October 2018 Class of securities Ordinary shares Extent of interest Direct, beneficial Name Designation Number of Value of Performance award Shares * R PT Motsepe Executive chairman 165 373 17 770 982.58 MP Schmidt Chief executive officer 130 764 14 051 899.44 M Arnold Financial director 78 169 8 400 040.74 HL Mkatshana Executive director 43 392 4 662 904.32 AJ Wilkens Executive director 81 003 8 704 582.38 * 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 21 May 2015, which was R107.46. The Board of Directors of ARM, on the recommendation of the Remuneration Committee, approved the award of the performance shares as set out above in terms of paragraph 3.66 of the Listings Requirements. Sandton 29 May 2015 Sponsor to ARM: Deutsche Securities (SA) Proprietary Limited Date: 29/05/2015 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.