Dealings in securities by directors of ARM net settlement of share options 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 of ARM Net settlement of share options In terms of paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements, the following information is provided regarding the exercise of share options by net settlement, by the undermentioned Directors of ARM. The calculation for net settlement is based upon the closing share prices of R176.80 per ARM share on 19 June 2019 and R175.94 on 20 June 2019. 1 Name of director Michael Peter Schmidt Category of director Chief Executive Officer Date of transaction 20 June 2019 Nature of transaction Exercise of share options by net settlement and on-market sale of shares Class of securities Ordinary shares Number of shares options granted 18 127 Reduced number of share options exercised 864 Offer price R168.37 cents per share option; granted on 15 October 2012 and vested on 16 October 2016 Sale price of securities R178.45 Value of the transaction R154 180.80 Nature of interest Direct, beneficial Clearance to deal Yes 2 Name of director Andries Jacobus Wilkens Category of director Executive Director Date of transaction 21 June 2019 Nature of transaction Exercise of share options by net settlement and on-market sale of shares Class of securities Ordinary shares Number of shares options granted 17 463 Reduced number of share options exercised 751 Offer price R168.37 cents per share option; granted on 15 October 2012 and vested on 16 October 2016 Sale price of securities R179.10 Value of the transaction R134 504.10 Nature of interest Direct, beneficial Clearance to deal Yes Sandton 21 June 2019 Sponsor to ARM: Investec Bank Limited Date: 21/06/2019 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.
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