Acquisition of Securities by Clients of Allan Gray Proprietary Limited 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") ACQUISITION OF SECURITIES BY CLIENTS OF ALLAN GRAY PROPRIETARY LIMITED ("Allan Gray") In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended (the "Companies Act"), and section 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that ARM has received formal notification that clients of Allan Gray have, in aggregate, acquired an interest in the ordinary shares of the Company, such that the total interest in the ordinary shares of the Company held by Allan Gray's clients now amounts to 5.0038% of the total issued ordinary shares of the Company. The Company has filed the requisite notice with the Takeover Regulation Panel, per section 122(3)(a) of the Companies Act. Further, as required in terms of section 122(3A) of the Companies Act, the Company has filed the requisite notice with the Companies and Intellectual Property Commission. The board of directors accepts responsibility for the information contained in this announcement, and to the best of their knowledge and belief, that information is true, and this announcement does not omit anything likely to affect the importance of the information included. ENDS For all investor relations queries, please contact: Thabang Thlaku Executive: Investor relations and new business development Office: +27 11 779 1300 | Email: thabang.thlaku@arm.co.za Sandton 27 March 2024 Sponsor: Investec Bank Limited Date: 27-03-2024 08:00:00 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.