AFRICAN RAINBOW MINERALS LIMITED - Dealings in securities by a Director of ARM

Dealings in securities by a Director 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 a Director of ARM

In compliance with paragraphs 3.63 - 3.66 of the Listings Requirements
of the JSE Limited (the "Listing Requirements"), we hereby provide the
following information regarding dealings in ARM securities by a Non-
executive Director of the Company:

Name of director              Michael Arnold
Category of director          Non-executive Director
Date of transaction           28 May 2020
Nature of transaction         On-market sale of shares
Class of securities           Ordinary shares
Number of securities          40 000
Selling price of securities   Volume   weighted    average price   of
                              R161.3226 per share (with a low of
                              R160.00 per share and a high of R163.37
                              per share)
Total value of transaction    R6 452 904.00
Nature of interest            Direct, beneficial

The requisite clearances and approvals for this transaction were
obtained in compliance with the securities dealing policies and
procedures of ARM and paragraph 3.66 of the Listings Requirements.

29 May 2020

Sponsor to ARM:
Investec Bank Limited

Date: 29-05-2020 05:20:00
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