African Rainbow Minerals (ARM) terminates internal audit and other services with KPMG South Africa (KPMG)

23 October 2017

ARM has noted with concern the questions raised about KPMG’s governance and ethics compliance as well as allegations regarding the lawfulness of KPMG’s conduct.

The ethics, governance and quality of the South African auditing firms have been globally respected for many years. It is extremely important that the behaviour and conduct of our auditing firms continues to justify the respect, trust and confidence that they have earned.

After careful consideration, ARM has decided to terminate its relationship with KPMG.

For more information please contact:

Jongisa Magagula
ARM Investor Relations and Business Development
Tel: +27 11 779 1300
Mobile: +27 82 562 5288