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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
A. Equity settlement of conditional shares
In terms of paragraphs 6.77 to 6.85 of the Listings Requirements of the JSE
Limited ("the Listings Requirements"), we hereby provide the following
information regarding the equity settlement of conditional shares by ARM to the
undermentioned Directors and Prescribed Officers of the Company, and the
undermentioned Directors of Two Rivers Platinum Proprietary Limited and ARM
Mining Consortium Limited, major subsidiaries of the Company. These awards were
made in terms of The African Rainbow Minerals Limited 2018 Conditional Share
Plan (the "2018 CSP") and on recommendation of the Remuneration Committee,
approved by ARM's Board of Directors. The calculation of the gross value of
conditional shares vested is based upon the closing ARM share price of R205.00
on 15 May 2026.
Conditional shares
Date of transaction 3 June 2026
Nature of transaction Equity settlement of conditional shares in
terms of the 2018 CSP by means of on-market
purchase of shares in the market
Date of award 4 December 2022
Vesting date for settlement 17 May 2026
Class of securities Ordinary shares
Extent of interest Direct, beneficial
Name Designation Number of Gross value Number of Number Value of
conditional of vested shares of conditional
shares shares at withheld conditio shares settled
vested vesting to cover nal (R)
date tax shares
(before tax liability settled
liability) ** on a net
(R) of tax
basis
PT Motsepe, Dr Chairman 62 427 12 797 535 - - 12 917 694
*
VP Tobias Chief 32 305 6 622 525 14 538 17 767 3 676 433
Executive
Officer
TTA Mhlanga Finance 25 041 5 133 405 11 269 13 772 2 849 768
Director
JC Jansen Prescribed 15 942 3 268 110 7 174 8 768 1 814 317
Officer
A Joubert Prescribed 26 590 5 450 950 11 966 14 624 3 026 068
Officer
NV Khumalo Director of 13 929 2 855 445 6 386 7 543 1 560 834
Two Rivers
Platinum
Proprietary
Limited
HL Mkatshana Prescribed 23 261 4 768 505 10 468 12 793 2 647 189
Officer
MP Schmidt Prescribed 54 431 11 158 355 24 494 29 937 6 194 708
Officer
BR Tshabalala, Director of 12 991 2 663 155 5 846 7 145 1 478 478
Dr ARM Mining
Consortium
Limited
J van der Prescribed 14 601 2 993 205 - - 3 021 309
Bijl* Officer
The calculation of the value of the conditional shares settled is based upon the
volume weighted average price of shares purchased in settlement, being R206.9248,
with a low of R205.00 per share and a high of R210.21 per share, purchased by way
of a bulk trade on 1 and 3 June 2026.
The requisite clearances and approvals for these transactions have been obtained
in compliance with the securities dealing policies and procedures of ARM and
paragraph 6.83 of the Listings Requirements.
*Dr PT Motsepe and Mr J van der Bijl have elected to pay for the tax liability from
their own resources.
**The number of shares withheld to cover tax liability is determined based on the
closing ARM share price on the trading day before the vesting date, i.e. 15 May
2026, of R205.00, in accordance with the provisions of the 2018 CSP rules.
B. Transfer of shares
In terms of paragraphs 6.77 to 6.85 of the Listings Requirements, the following
information is provided regarding the election by the Chairman of ARM, Dr PT
Motsepe, to transfer his shares acquired by market purchase as described in "A"
above to African Rainbow Minerals & Exploration Investments Proprietary Limited
("ARMI"). More than 99% of the shares of ARMI are indirectly held and
beneficially owned by trusts, which trusts, with the exception of The Motsepe
Foundation, hold those shares for the benefit of Dr PT Motsepe and his immediate
family. The Motsepe Foundation applies the benefits emanating from its indirect
shareholding in ARMI for philanthropic purposes.
Date of transaction 3 June 2026
Nature of transaction Off-market transfer of shares to ARMI
with beneficial ownership as described
above
Deemed price of securities Volume weighted average price of shares
transferred purchased in settlement, being R206.9248,
with a low of R205.00 per share and a high
of R210.21 per share.
Class of securities Ordinary shares
Nature of interest Indirect, beneficial
Clearance to deal Yes
Name Designation Number of Ordinary Total value
shares transferred (before tax
liability) of
shares
transferred
R
PT Motsepe, Dr Chairman 62 427 12 917 694
The calculation of the value of the shares transferred is based upon the volume
weighted average price of shares purchased in settlement, being R206.9248, with a
low of R205.00 per share and a high of R210.21 per share, purchased by way of a
bulk trade on 1 and 3 June 2026.
The requisite clearances and approvals for this transaction have been obtained
in compliance with the securities dealing policies and procedures of ARM and
paragraph 6.83 of the Listings Requirements.
Sandton
5 June 2026
Sponsor to ARM:
Investec Bank Limited
Date: 05-06-2026 04:10:00
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