Trading statement in respect of the six months ended 31 December 2015

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by at least 20% from those of the previous corresponding period.

ARM’s headline earnings for the six months ended 31 December 2015 are currently anticipated to be at least 20% (R205 million) less than those for the same period in the previous financial year.

Headline earnings per share are anticipated to be at least 20% (95 cents) less than those for the same period in the previous financial year.

Headline earnings reported for the six months ended 31 December 2014 were R1 026 million, while headline earnings per share were 473 cents.

The decrease in headline earnings is mainly due to the fall in US Dollar commodity prices in comparison to those achieved in the previous period. The lower US Dollar prices are partially offset by the weaker exchange rate during the period.

ARM’s basic earnings for the six months ended 31 December 2015 are currently anticipated to be at least 20% (R160 million) less than those for the same period in the previous financial year. Basic earnings per share are anticipated to be at least 20% (74 cents) less than those for the same period in the previous financial year.

Basic earnings reported for the six months ended 31 December 2014 were R801 million, while basic earnings per share were 369 cents.

ARM’s basic earnings are expected to be negatively impacted by an unrealized mark-to-market loss on its Harmony Gold Mining Company Limited (�Harmony�) investment due to the fall in the Harmony share price below the previously reported level of R15.59 per share, below which further mark-to-market adjustments through the income statement would be required.

Shareholders are advised that a further trading statement will be issued as soon as there is a reasonable degree of certainty as to the likely range within 20%, by which the Company’s headline earnings per share and basic earnings per share are expected to decrease.

The financial information on which this trading statement is based has neither been reviewed nor reported on by the external auditors of ARM.

The Company’s interim results will be released in March 2016.

For all investor relations queries, please contact:

Jongisa Magagula
Corporate Development and Head of Investor Relations
Office: +27 11 779 1507
Email: jongisa.magagula@arm.co.za

Johannesburg
11 December 2015

Sponsor: Deutsche Securities (SA) (Proprietary) Limited