AFRICAN RAINBOW MINERALS LIMITED - Dealings in securities by Directors and a Prescribed Officer of ARM

Dealings in securities by Directors and a Prescribed Officer of ARM

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 and a Prescribed Officer of ARM

A. Exercise of share options

In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements
of the JSE Limited (“the Listings Requirements”), the following
information is provided regarding the exercise of share options by the
undermentioned Director of ARM:

In terms of the ARM Share Incentive Scheme the share options described
below will expire on 15 October 2020 and on 29 October 2021
respectively, if not exercised by those dates.

Name of Director               Hamilton Luthando Mkatshana
Category of director           Executive Director
Date of transaction            2 September 2020
Nature of transaction          Exercise of share options
Class of securities            Ordinary shares
Offer price                    R168.37 per share option; granted on 15
                               October 2012 and vested on 16 October
                               2016
Number of securities           8 167
Market price of securities     R211.1836 per ARM share
Total market value of          R1 724 736.46
securities
Nature of interest             Direct, beneficial
Clearance to deal              Yes


B. Net settlement of share options

In   compliance  with   paragraphs  3.63   to  3.66   of  the Listings
Requirements, the following information is provided regarding the
exercise of share options by net settlement, by the undermentioned
Prescribed Officer of ARM. The calculation for net settlement is based
upon the closing share price of R204.99 on 1 September 2020.

Name of director               Andre Joubert
Category of director           Prescribed Officer
Date of transaction            2 September 2020
Nature of transaction          Exercise of share options by net
                               settlement and on-market sale of shares
Class of securities            Ordinary shares
Number of share options        20 106
granted
Reduced number of share        2 105
options exercised
Offer price                    10 691 options at       R168.37 per share
                               option; granted on     15 October 2012 and
                               vested on 16 October   2016; and
                               9 415 options at        R200.75 per share
                               option; granted on     29 October 2013 and
                               vested on 30 October   2017
Sale price of securities       R211.3069
Value of the transaction       R444 801.02
Nature of interest             Direct, beneficial
Clearance to deal              Yes


C. Sale of shares

In   compliance  with   paragraphs  3.63   to  3.66   of  the  Listings
Requirements, we hereby provide the following information regarding
dealings in ARM securities by a Non-executive Director of ARM:

Name of director              Michael Arnold
Category of director          Non-executive Director
Date of transaction           2 September 2020
Nature of transaction         On-market sale of shares
Class of securities           Ordinary shares
Number of securities          59 000
Selling price of securities   Volume weighted average price of
                              R210.5138 per share (with a low of
                              R208.50 per share and a high of R212.25
                              per share)
Total value of transaction    R12 420 312.28
Nature of interest            Direct, beneficial


The requisite clearances and approvals for these transactions were
obtained in compliance with the securities dealing policies and
procedures of ARM and paragraph 3.66 of the Listings Requirements.


Sandton
4 September 2020

Sponsor to ARM:
Investec Bank Limited

Date: 04-09-2020 04:30:00
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