Results of the 85th Annual 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 the 85th Annual General Meeting The shareholders of ARM (“Shareholders”) are advised that at the annual general meeting of Shareholders (“Annual General Meeting”) held on Friday, 7 December 2018, in terms of the notice of Annual General Meeting distributed to Shareholders on 30 October 2018, all of the resolutions tabled were passed by the requisite majority of votes cast by Shareholders present in person or represented by proxy. As at Friday, 30 November 2018, being the voting record date (“Voting Record Date”), the total issued share capital of ARM was 220 365 903 (“Issued Shares”) and the total number of votable shares was 191 751 163 (“Votable Shares”). The number of ARM shares voted in person or by proxy at the Annual General Meeting was 167 103 542 shares, representing 75.83 of the Issued Shares and 87.15 of the Votable Shares. The voting results were as follows: SHARES VOTED SHARES AS A ABSTAINED PERCENT AS A SHARES NUMBER OF PERCENT OF SHARES VOTED OF ISSUED ISSUED VOTED FOR AGAINST SHARES SHARES SHARES RESOLUTION (%)* (%)* VOTED (%)** (%)** Ordinary resolution number 1 Re-election of Dr M M M Bakane-Tuoane as 83.62 16.38 167 103 542 75.83 0.00 a Director Ordinary resolution number 2 Re-election of Mr A D Botha as a Director 98.96 1.04 167 103 542 75.83 0.00 Ordinary resolution number 3 Re-election of Mr T A Boardman as a 99.51 0.49 167 103 542 75.83 0.00 Director Ordinary resolution number 4 Re-election of Mr W M Gule as a Director 86.37 13.63 167 103 542 75.83 0.00 Ordinary resolution number 5 Re-election of Mr A K Maditsi as a Director 85.67 14.33 166 184 339 75.41 0.42 Ordinary resolution number 6 Election of Ms A M Mukhuba as a Director 96.13 3.87 167 103 542 75.83 0.00 Ordinary resolution number 7 Re-appointment of Ernst & Young Inc. as external auditor and re-appointment of 90.49 9.51 167 103 542 75.83 0.00 Mr L I N Tomlinson as the person designated to act on behalf of the external auditor Ordinary resolution number 8 Election of Audit and Risk Committee Members Ordinary resolution number 8.1 100.00 0.00 167 103 542 75.83 0.00 Mr T A Boardman Ordinary resolution number 8.2 Dr M M M Bakane-Tuoane 83.93 16.07 167 103 542 75.83 0.00 Ordinary resolution number 8.3 Mr A D Botha 97.26 2.74 167 103 542 75.83 0.00 Ordinary resolution number 8.4 Mr A K Maditsi 83.83 16.17 166 184 339 75.41 0.42 Ordinary resolution number 8.5 Mr J P Möller 100.00 0.00 167 103 542 75.83 0.00 Ordinary resolution number 8.6 Dr R V Simelane 83.53 16.47 167 103 542 75.83 0.00 Ordinary resolution number 9 Adoption of the 2018 Conditional Share Plan 99.15 0.85 166 184 339 75.41 0.42 Ordinary resolution number 10 Non-binding advisory vote on the 89.58 10.42 166 145 153 75.40 0.43 Company’s Remuneration Policy Ordinary resolution number 11 Non-binding advisory vote on the Company’s Remuneration Implementation 92.15 7.85 166 145 153 75.40 0.43 Report Ordinary resolution number 12 Placing control of the authorised but unissued Company shares in the hands of the Board 94.01 5.99 167 103 542 75.83 0.00 Ordinary resolution number 13 General authority to allot and issue shares 90.73 9.27 167 103 542 75.83 0.00 for cash Special resolution number 1 Annual retainer fees and per Board Meeting attendance fees for Non-Executive Directors Special resolution number 1.1 Annual retainer fees for Non-Executive 95.83 4.17 167 103 542 75.83 0.00 Directors Special resolution number 1.2 Per Board meeting attendance fees for Non- 98.43 1.57 167 103 542 75.83 0.00 executive Directors Special resolution number 2 Committee meeting attendance fees for 98.60 1.40 167 103 542 75.83 0.00 Non-executive Directors Special resolution number 3 Financial assistance – for subscription for 79.32 20.68 167 103 542 75.83 0.00 securities Special resolution number 4 Financial assistance – for related or inter- 99.44 0.56 167 103 542 75.83 0.00 related companies Special resolution number 5 Issue of shares in connection with the 2018 98.60 1.40 167 103 542 75.83 0.00 Conditional Share Plan Special resolution number 6 General authority to repurchase shares 96.49 3.51 166 184 339 75.41 0.42 * Expressed as a percentage of the number of shares voted per resolution (rounded to the nearest two decimals). **Expressed as a percentage of the Issued Shares as at the Voting Record Date (rounded to the nearest two decimals). Sandton 10 December 2018 Sponsor: Investec Bank Limited Date: 10/12/2018 05:03:00 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.