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Mon 20 Mar 2006, 11:59 African Rainbow Minerals Limited - Directors deali
ARI
 ARIM                                                                            
African Rainbow Minerals Limited - Director"s dealings in ARM securities        
African Rainbow Minerals Limited                                                
(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")                                                        
Director"s dealings in ARM securities                                           
In compliance with paragraph 3.63 - 3.66 of the Listings Requirements of the JSE
Limited, South Africa, we hereby advise the following dealings by a director in 
ARM securities:                                                                 
Name of director                   Wilson Mangisi Gule                          
Category of director               Executive                                    
Name of company                    African Rainbow Minerals Limited             
Transactions:                                                                   
1.   Date of transaction           16 March 2006                                
Nature of transaction              Exercise of share options                    
Class of securities                Options on ordinary shares                   
Offer price                        2 700 cents per option                       
Number of securities               31 313                                       
Selling price of securities        R42,63                                       
Total value of transaction         R1 335 010,97                                
Nature of interest                 Direct, beneficial                           
Clearance to deal                  Yes                                          
2.   Date of transaction           17 March 2006                                
Nature of transaction              Exercise of share options                    
Class of securities                Options on ordinary shares                   
Offer price                        2 700 cents per option                       
Number of securities               58 687                                       
Selling price of securities        R43,10                                       
Total value of transaction         R2 529 192,56                                
Nature of interest                 Direct, beneficial                           
Clearance to deal                  Yes                                          
Sandton                                                                         
20 March 2006                                                                   
Sponsor to ARM:                                                                 
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 20/03/2006 11:59:04 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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