Results of the 87th 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”) Results of the 87th Annual General Meeting The shareholders of ARM (“Shareholders”) are advised that at the annual general meeting of Shareholders (“Annual General Meeting”) held on Friday, 4 December 2020, in terms of the notice of Annual General Meeting distributed to Shareholders on 27 October 2020, all of the resolutions tabled were passed by the requisite majority of votes cast by Shareholders present in person or represented by proxy. As at Friday, 27 November 2020, being the voting record date (“Voting Record Date”), the total issued share capital of ARM was 223 533 331 (“Issued Shares”) and the total number of votable shares was 194 918 591 (“Votable Shares”). The number of ARM shares voted in person or by proxy at the Annual General Meeting was 166 674 901 shares, representing 74.56% of the Issued Shares and 85.51% of the Votable Shares. The voting results were as follows: SHARES VOTED SHARES AS A ABSTAINED PERCENT AS A SHARES NUMBER OF PERCENT OF SHARES VOTED OF ISSUED ISSUED VOTED FOR AGAINST SHARES SHARES SHARES RESOLUTION (%)* (%)* VOTED (%) (%) Ordinary resolution number 1 Re-election of Mr TA Boardman as a 98.70 1.30 166 665 714 74.56 0.00 Director Ordinary resolution number 2 93.34 6.66 166 665 714 74.56 0.00 Re-election of Mr AD Botha as a Director Ordinary resolution number 3 85.70 14.30 166 665 574 74.56 0.00 Re-election of Mr JA Chissano as a Director Ordinary resolution number 4 88.19 11.81 166 665 574 74.56 0.00 Re-election of Dr RV Simelane as a Director Ordinary resolution number 5 99.95 0.05 166 665 574 74.56 0.00 Election of Ms P Mnisi as a Director Ordinary resolution number 6 93.94 6.06 166 665 574 74.56 0.00 Election of Ms TTA Mhlanga as a Director Ordinary resolution number 7 93.93 6.07 166 665 574 74.56 0.00 Election of Ms J Magagula as a Director Ordinary resolution number 8 Re-appointment of Ernst & Young Inc. as 85.77 14.23 166 665 714 74.56 0.00 external auditor and Mr PD Grobbelaar as the designated auditor SHARES VOTED SHARES AS A ABSTAINED PERCENT AS A SHARES NUMBER OF PERCENT OF SHARES VOTED OF ISSUED ISSUED VOTED FOR AGAINST SHARES SHARES SHARES RESOLUTION (%)* (%)* VOTED (%) (%) Ordinary resolution number 9 Election of Audit and Risk Committee Members Ordinary resolution number 9.1 98.55 1.45 166 665 714 74.56 0.00 Mr TA Boardman Ordinary resolution number 9.2 90.31 9.69 166 665 714 74.56 0.00 Mr AD Botha Ordinary resolution number 9.3 86.46 13.54 166 665 574 74.56 0.00 Mr AK Maditsi Ordinary resolution number 9.4 86.56 13.44 166 665 574 74.56 0.00 Dr RV Simelane Ordinary resolution number 9.5 99.64 0.36 166 665 574 74.56 0.00 Ms P Mnisi Ordinary resolution number 10 Non-binding advisory vote on the 97.76 2.24 166 138 620 74.32 0.24 Company’s Remuneration Policy Ordinary resolution number 11 Non-binding advisory vote on the 97.76 2.24 165 998 169 74.26 0.30 Company’s Remuneration Implementation Report Ordinary resolution number 12 Placing control of the authorised but 98.17 1.83 166 260 009 74.38 0.19 unissued Company shares in the hands of the Board Ordinary resolution number 13 General authority to allot and issue shares 98.17 1.83 166 259 869 74.38 0.19 for cash Special resolution number 1 Annual retainer fees and per Board Meeting attendance fees for Non-Executive Directors with effect from 1 July 2020 Special resolution number 1.1 Annual retainer fees for Non-Executive 99.99 0.01 166 188 734 74.35 0.22 Directors Special resolution number 1.2 Fees for attending Board meetings for Non- 99.98 0.02 166 188 734 74.35 0.22 executive Directors Special resolution number 2 Committee meeting attendance fees for 99.94 0.06 166 241 347 74.37 0.19 Non-executive Directors SHARES VOTED SHARES AS A ABSTAINED PERCENT AS A SHARES NUMBER OF PERCENT OF SHARES VOTED OF ISSUED ISSUED VOTED FOR AGAINST SHARES SHARES SHARES RESOLUTION (%)* (%)* VOTED (%) (%) Special resolution number 3 Financial assistance for subscription for 96.81 3.19 166 260 169 74.38 0.19 securities Special resolution number 4 Financial assistance for related or inter- 98.70 1.30 166 260 069 74.38 0.19 related companies Special resolution number 5 Issue of shares in connection with the 97.44 2.56 166 665 409 74.56 0.00 Company’s share or employee incentive schemes Special resolution number 6 96.68 3.32 166 574 422 74.52 0.04 General authority to repurchase shares * Expressed as a percentage of the number of shares voted per resolution (rounded to the nearest two decimals). Sandton 7 December 2020 Sponsor: Investec Bank Limited Date: 07-12-2020 05:45:00 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.