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Thu 2 Sep 2004, 11:20 DIRECTORS' DEALINGS IN ARM SECURITIES
ARM - DIRECTORS` DEALINGS IN ARM SECURITIES                                     
African Rainbow Minerals Limited                                                
Formerly Anglovaal Mining Limited                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1933/004580/06)                                            
South African share code  : ARI                                                 
London Stock Exchange code: AGM                                                 
ISIN: ZAE000054045                                                              
(`ARM`)                                                                         
Directors` dealings in ARM securities                                           
In compliance with paragraph 3.63 of the Listings Requirements of the JSE       
Securities Exchange, South Africa, we hereby advise the following dealing by    
directors in ARM securities:                                                    
Name of director                        Richard Peter Menell                    
Category of director                    Deputy chairman                         
Name of company                         African Rainbow Minerals Limited        
Date of transaction                     1 September 2004                        
Price of securities                     R34,52                                  
Number of securities                    160 000                                 
Total value of securities               R5 523 200                              
Class of securities                     Options on ordinary shares              
Nature of transaction                   Exercise of options                     
Interest (ie direct/indirect etc)       Direct beneficial                       
Clearance to deal received              Yes                                     
Simultaneously with this transaction put and call options have been implemented.
Sandton                                                                         
2 September 2004                                                                
Sponsor to ARM:                                                                 
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 02/09/2004 10:55:04 AM                    
Produced by the JSE SENS Department                                             
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