Trading statement in respect of the financial year ended 30 June 2018 (F2018) 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”) Trading statement in respect of the financial year ended 30 June 2018 (F2018) In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by at least 20% from those of the corresponding period. Headline earnings per share for F2018 are expected to increase by between 41% and 54% to between 2 370 and 2 590 cents compared to 1 684 cents reported for the financial year ended 30 June 2017 (F2017). Basic earnings per share for F2018 are expected to increase by between 221% and 239% to between 2 320 and 2 450 cents (F2017: 723 cents). F2017 basic earnings included attributable impairments of the Nkomati Mine and Modikwa Mine assets of R711 million and R734 million after tax and non- controlling interest, respectively. Both basic and headline earnings for F2018 were positively affected by an increase in average realised US Dollar prices for most commodities (partially offset by a stronger Rand/US Dollar exchange rate) and a net group fair value gain of R977 million (or 513 cents per share) as a result of the ARM Coal debt restructuring. This fair value gain is included in headline earnings. The financial information on which this trading statement is based has neither been reviewed nor reported on by the external auditors of ARM. The Company’s F2018 provisional financial results will be released on 7 September 2018. ENDS For all investor relations queries please contact: Jongisa Magagula Corporate Development and Head of Investor Relations Tel: +27 11 779 1300 E-mail: jongisa.magagula@arm.co.za Johannesburg 22 August 2018 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 22/08/2018 04:35:00 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.