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Fri 7 May 2004, 10:30 ARM BOARD RECONSTITUTED
AFRICAN RAINBOW MINERALS LIMITED - ARM BOARD RECONSTITUTED                      
  African Rainbow Minerals Limited                                                
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1933/004580/06)                                            
  (Share code: ARI)                                                               
  (ISIN code: ZAE000054045)                                                       
  ("ARM")                                                                         
  ARM BOARD RECONSTITUTED                                                         
  Following the conclusion of the transaction initially announced on 13 November  
  2003 a new ARM Board has been constituted.                                      
  The members of the Board are:                                                   
  PT Motsepe (Chairman)                                                           
  RP Menell (Deputy Chairman)*                                                    
  F Abbot*                                                                        
  Dr MMMM Bakane-Tuoane**                                                         
  MW King**                                                                       
  AK Maditsi**                                                                    
  PJ Manda**                                                                      
  JR McAlpine**                                                                   
  Dr PS Sibisi**                                                                  
  Dr RV Simelane**                                                                
  MV Sisulu**                                                                     
  ZB Swanepoel*                                                                   
  * Non-executive                                                               
    ** Independent non-executive                                                  
  The effective date for the new appointments was 30 April 2004.                  
  7 May 2004                                                                      
  Issued by sponsor:                                                              
  Deutsche Securities (SA) (Proprietary) Limited                                  
  Date: 07/05/2004 10:16:05 AM Produced by the JSE SENS Department
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