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ARI
ARIM
ARI - African Rainbow Minerals Limited - Clarification further to the Anglo
Platinum media release - 7 February 2011
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")
CLARIFICATION FURTHER TO THE ANGLO PLATINUM MEDIA RELEASE - 7 FEBRUARY 2011
Anglo Platinum Limited ("Anglo Platinum") in a media release on 7 February
2011 provided details about its previous empowerment transactions in a table
contained at the foot of the release.
The Anglo Platinum description of the 2001 year transaction provides that the
shareholding structure of the Modikwa Joint Venture included the ARM Broad-
Based Economic Empowerment Trust as part of the transaction.
ARM would like to clarify that the ARM Broad-Based Economic Empowerment Trust
which owns shares directly into ARM did not form part of the 2001 Modikwa
Joint Venture transaction as stated in the Anglo Platinum release.
The transaction entered into with Anglo Platinum`s Rustenburg Platinum Mine in
respect of the Modikwa Mine in 2001 was a 50:50 joint venture with ARM Mining
Consortium Limited ("ARM MC"). The local communities have an 8.5% shareholding
in the Modikwa Mine through two Section 21 community companies, namely
Mampudima- and Matimatjatji Community Companies, which they hold through their
17% shareholding in ARM MC.
At that time African Rainbow Minerals & Exploration Investments (Pty) Limited
("ARMI") owned 83% of ARM MC through its 100% held subsidiary African Rainbow
Minerals Platinum (Pty) Limited ("ARM Platinum").
In the 2004 merger transaction between ARMI and Anglovaal Mining Limited, the
ARMI interest in ARM Platinum was incorporated into African Rainbow Minerals
Limited.
For all investor relations queries, please contact:
Jongisa Klaas
Head of Investor Relations and Corporate Development
Office: +27 11 779 1507
Email: jongisa.klaas@arm.co.za
Sandton
11 February 2011
Sponsor to ARM: Deutsche Securities (SA) (Proprietary) Limited
Date: 11/02/2011 14:53:01 Produced by the JSE SENS Department.
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