AFRICAN RAINBOW MINERALS LIMITED - Results of General Meeting

Results of General Meeting

 African Rainbow Minerals Limited
 (Incorporated in the Republic of South Africa)
 (Registration number 1933/004580/06)
 JSE Share code: ARI
 ISIN: ZAE000054045
 (“ARM”)

 RESULTS OF GENERAL MEETING

 Shareholders of ARM (“Shareholders”) are referred to the announcements released on the Stock Exchange
 News Service of the JSE Limited on Monday, 15 February 2016 and Friday, 11 March 2016 regarding the
 proposed specific repurchase by a wholly-owned subsidiary of ARM (“Subco”) of approximately 12.7 million
 ARM ordinary shares ("ARM Shares") held by the ARM Broad-Based Economic Empowerment Trust (the
 "Trust") and the provision of a subordinated unsecured loan by ARM to the Trust (“the Proposed
 Restructuring”).

 At the general meeting of Shareholders held today, Wednesday, 13 April 2016, in terms of the notice of
 general meeting distributed to Shareholders on Friday, 11 March 2016, all the special and ordinary resolutions
 proposed in relation to the Proposed Restructuring were passed by the requisite majority of votes.

 The total number of shares voted in person or by proxy at the general meeting was 177 151 506 ARM Shares,
 representing 81.27% of ARM’s issued share capital and 93.55% of the votable ARM Shares as at Friday, 8 April
 2016, being the Voting Record Date.

 The voting results were as follows:

                                                     Total ARM Shares Voted
                                                                                                  ARM Shares
 Resolution                                 For       Against        Number          Percent       Abstained

                                            (%)         (%)                           (%)*            (%)*

 Special resolution number 1:
 Specific authority for the
                                        99.98           0.02       176 169 861        80.82           0.45
 repurchase by Subco of 12 717
 328 ARM Shares from the Trust
 Special resolution number 2:
 Approval of the Trust loan             99.45           0.55       177 110 071        81.25           0.02
 refinancing
 Ordinary resolution: Directors’
 authority to take all such actions
                                        99.45           0.55       177 110 071        81.25           0.02
 necessary to implement the
 Proposed Restructuring

 Note:
 * Expressed as a percentage of 217 985 109 ARM Shares in issue as at the Voting Record Date.

 13 April 2016
 Johannesburg

UBS South Africa Proprietary Limited
Financial adviser and transaction sponsor
Deutsche Securities (SA) Proprietary Limited
JSE sponsor
Jongisa Magagula
Corporate Development and Head of Investor Relations
Office: +27 11 779 1507
Email: jongisa.magagula@arm.co.za

Date: 13/04/2016 05:23:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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