African Rainbow Minerals Limited announces changes to the Board of Directors 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”) African Rainbow Minerals Limited announces changes to the Board of Directors In terms of paragraph 3.59 of the JSE Limited Listings Requirements notification is hereby given of the following changes to the ARM Board of Directors: 1. Mr Andre Wilkens steps down as an Executive Director of ARM Mr Andre Wilkens served for many years as an Executive Director of the Company, including a long and successful tenure as the Company’s chief executive officer (“CEO”). He steps down from the Board of Directors by mutual agreement with the Company, with effect from 18 December 2019, and will remain with ARM as a senior executive in the office of the Executive Chairman. The Executive Chairman of ARM, Dr Patrice Motsepe, said: “Andre Wilkens was the first CEO of ARM and its predecessor, ARMgold, and I have had the honour of working with him for the past twenty years. We are deeply grateful for his leadership and his contributions to the success of ARM.” 2. Appointment of Mrs Jongisa Magagula as Executive Director for Investor Relations and New Business Development The ARM Board of Directors is pleased to announce the decision to appoint Mrs Jongisa Magagula, ARM’s Head of Investor Relations and Corporate Development, as an Executive Director of the Company, with effect from 18 December 2019, until her appointment is approved by the shareholders of the Company at the next annual general meeting of the Company. The Executive Chairman of ARM, Dr Patrice Motsepe, said: “We welcome Jongisa as our new Executive Director for Investor Relations and New Business Development. Jongisa has been with ARM for the past ten years and has done a great job in the investor relations and other responsibilities which were allocated to her.” For more information, please contact: Alyson D’Oyley Company Secretary Tel: +27 11 779 1300 E-mail: alyson.doyley@arm.co.za Johannesburg 18 December 2019 Sponsor: Investec Bank Limited Date: 18-12-2019 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.