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 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.