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Mon 18 Dec 2023, 17:00 AFRICAN RAINBOW MINERALS LIMITED - Dealings in Securities
Dealings in 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")

DEALINGS IN SECURITIES

Dealing in Securities by a Director of a Major Subsidiary of ARM

In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements, we
hereby provide the following information regarding dealings in ARM securities
by a Director of ARM Mining Consortium Limited, a major subsidiary of the
Company:

Name of director               Busisiwe Rita Tshabalala
Category of director           Director of ARM Mining Consortium Limited, a
                               major subsidiary of ARM
Date of transaction            13 December 2023
Nature of transaction          On-market sale of shares
Class of securities            Ordinary shares
Number of securities           10 000 shares
Selling price of securities    Volume weighted average price of R174.36 per
                               share (with a low of R174.00 per share and a
                               high of R175.10 per share)
Total value of transactions    R1 743 640.00
Nature of interest             Direct, beneficial


The requisite clearances and approvals for this transaction have been obtained
in compliance with the Securities Dealing Policies and Procedures of ARM and
paragraph 3.66 of the Listings Requirements.


Sandton
18 December 2023

Sponsor to ARM:
Investec Bank Limited

Date: 18-12-2023 05:00:00
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