Change statement and notice of 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” or the “Company”) CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING CHANGE STATEMENT Shareholders are advised that the Company’s 2020 Integrated Annual Report, 2020 Notice of Annual General Meeting and 2020 Annual Financial Statements were distributed to shareholders on Tuesday, 27 October 2020. ARM’s suite of reports for the financial year ended 30 June 2020 are available on the Company’s website at www.arm.co.za from today, 27 October 2020 and include the following documents: - 2020 Integrated Annual Report; - 2020 Notice of Annual General Meeting - 2020 Annual Financial Statements; - 2020 Sustainability Report; - 2020 Corporate Governance Report; - 2020 Mineral Resources and Mineral Reserves Report; and - 2020 King IVTM Application Register The audited 2020 Annual Financial Statements contain the following non-material modification to the notes to the 2020 Annual Financial Statements compared to the reviewed consolidated provisional financial statements for the year ended 30 June 2020 released on the Stock Exchange News Service (SENS) of the JSE Limited on Monday, 31 August 2020: Note 2.1 Primary Audited annual financial Provisional results for the segmental statements for the year ended year ended 30 June 2020 information 30 June 2020 ARM ARM ARM ARM Corporate Platinum Total Corporate Platinum Total Cash (outflow/ inflow from (147) (127) (274) 823 (1 097) (274) financing activities The modification relates to Modikwa Mine and impacts only the segmental information and does not affect any other financial information in the 2020 Annual Financial Statements. The 2020 Annual Financial Statements were audited by the Company’s external auditor, Ernst & Young Inc. The external audit report, including details on the qualified audit opinion and key audit matters is available for inspection at ARM’s registered address and on the following link https://arm.co.za/wp-content/uploads/2020/10/2020-Independent-auditors- report.pdf. Copies of the 2020 Integrated Annual Report, 2020 Notice of Annual General Meeting and 2020 Annual Financial Statements may be obtained from ARM’s registered address or may be requested by emailing ir.admin@arm.co.za NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the 87th Annual General Meeting of shareholders of the Company to transact the business as stated in the 2020 Notice of Annual General Meeting will be held virtually on Friday, 4 December 2020 at 14:00 South African time. As a consequence of the impact of the global Covid-19 pandemic, the board has authorised the Company to conduct the 2020 Annual General Meeting by way of electronic participation only. Voting via the electronic facility will be the only method available to shareholders or proxies for shareholders to vote their shares at the annual general meeting. Details on how to participate electronically and vote at the 2020 Annual General Meeting are included in the 2020 Notice of Annual General Meeting, which is available on the Company’s website at www.arm.co.za For purposes of Sections 59(1)(a) and (b) of the Companies Act 71 of 2008 (as amended), the record date for shareholders: - to be entitled to receive the Notice of Annual General Meeting is Friday, 16 October 2020; and - to be recorded as such in the register maintained by the transfer secretaries of the Company for the purposes of being entitled to participate in and vote at the Annual General Meeting is Friday, 27 November 2020 (“voting record date”). The last day to trade in the Company’s shares in order to be recorded as a shareholder by the voting record date is Tuesday, 24 November 2020. ENDS For all investor relations queries please contact: Jongisa Magagula Executive Director: Investor Relations and New Business Development Tel: +27 11 779 1300 E-mail: jongisa.magagula@arm.co.za Johannesburg 27 October 2020 Sponsor: Investec Bank Limited Date: 27-10-2020 05:10:00 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.