AFRICAN RAINBOW MINERALS LIMITED - Dealings in securities by Directors of ARM

Dealings in securities by Directors of ARM

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


Sale of shares

In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements
of the JSE Limited (“the Listings Requirements”), we hereby provide the
following information regarding dealings in ARM securities by Non-
Executive Directors of ARM:

   1. Name of director        Anton Dirk Botha
Category of director          Non-executive Director
Date of transactions          12 and 13 November 2020
Nature of transactions        On-market sale of shares
Class of securities           Ordinary shares
Number of securities          8 750 shares sold on 12 November 2020, and
                              9 250 shares sold on 13 November 2020.
Selling price of securities   (1) 8750 shares with a volume weighted
                                   average price of R234.4494 per share
                                   (with a low of R233.00 per share and
                                   a high of R235.28 per share), and

                              (2)  9 250 shares with a volume weighted
                                   average price of R232.4119 per share
                                   (with a low of R231.00 per share and
                                   a high of R233.71 per share).
Value of transactions         8 750 shares sold for R2 051 432.25, and
                              9 250 shares sold for R2 149 810.08.

                              The total value of the transactions was
                              R4 201 242.33.
Nature of interest            Indirect, beneficial


   2. Name of director        Michael Arnold
Category of director          Non-executive Director
Date of transaction           13 November 2020
Nature of transaction         On-market sale of shares
Class of securities           Ordinary shares
Number of securities          40 000 shares
Selling price of securities   Volume weighted average price of R238.4912
                              per share (with a low of R238.00 per share
                              and a high of R239.42 per share).
Total value of transaction    R9 539 648.00
Nature of interest            Direct, beneficial
The requisite clearances and approvals for these transactions were
obtained in compliance with the securities dealing policies and
procedures of ARM and paragraph 3.66 of the Listings Requirements.




Sandton
16 November 2020

Sponsor to ARM:
Investec Bank Limited

Date: 16-11-2020 04:30:00
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