AFRICAN RAINBOW MINERALS LIMITED - DIRECTORS DEALINGS
AFRICAN RAINBOW MINERALS LIMITED
(Formerly Anglovaal Mining Limited (`Avmin`))
(Incorporated in the Republic of South Africa)
(Registration number 1933/004580/06)
JSE Share code: ARI LSE Share code: AGM
ISIN: ZAE000054045
(`ARM` or the `Company`)
DIRECTORS DEALINGS
In terms of paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE
Securities Exchange, South Africa (`Listings Requirements`) we provide the
following information regarding the granting of options by ARM to the
undermentioned directors of the Company:
Date of transaction : 14 December 2004
Nature of transaction : Grants of share options in terms of the Anglovaal
Mining Share Incentive Scheme.
Strike price : R27,00 per option
Vesting dates for
exercising of options : 33,3% of options on 14 December 2005
: 33,3% of options on 14 December 2006
: 33,3% of options on 14 December 2007
: Any option not exercised by 14 December 2012 will
lapse
Class of securities : Ordinary shares
Extent of interest : Direct beneficial
Designation: Director/ Company secretary Number of Options
PT Motsepe Executive chairman 550 000
AJ Wilkens Chief executive officer 464 000
F Abbott Financial director 387 000
WM Gule Executive director 270 000
RH Phillips Group company secretary 21 205
The remuneration committee granted the necessary authority to offer these
options in terms of 3.66 of the Listings Requirements. These options were
granted prior to the start of the closed period that commenced on 15 December
2004.
Johannesburg
21 December 2004
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