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Wed 23 May 2007, 10:23 ARI - African Rainbow Minerals Limited - Director`
ARI
 ARIM                                                                            
ARI - African Rainbow Minerals Limited - Director`s dealings in ARM securities  
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")                                                        
Director`s dealings in ARM securities                                           
In compliance with paragraph 3.63 - 3.66 of the Listings Requirements of the JSE
Limited, we hereby advise the following dealings by a director in ARM           
securities:                                                                     
Name of director                 Wilson Mangisi Gule                            
Category of director             Executive                                      
Name of company                  African Rainbow Minerals Limited               
1  Date of transaction           21 May 2007                                    
Nature of transaction         Exercise of share options and sale of shares    
  Class of securities           Options on ordinary shares                      
  Offer price                   R30,40 per option                               
  Number of securities          20 164                                          
Selling price of securities   R125,10                                         
  Total value of transaction    R2 522 695,86                                   
  Nature of interest            Direct, beneficial                              
  Clearance to deal             Yes                                             
2  Date of transaction           22 May 2007                                    
  Nature of transaction         Exercise of share options and sale of shares    
  Class of securities           Options on ordinary shares                      
  Offer price                   R30,40 per option                               
Number of securities          18 836                                          
  Selling price of securities   R125,06                                         
  Total value of transaction    R2 355 690,44                                   
  Nature of interest            Direct, beneficial                              
Clearance to deal             Yes                                             
Sandton                                                                         
23 May 2007                                                                     
Sponsor to ARM:                                                                 
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 23/05/2007 10:23:04 Produced by the JSE SENS Department.
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