African Rainbow Minerals Limited announces changes to the Board of Directors

In terms of paragraph 3.59 of the JSE Limited Listings Requirements notification is
hereby given of the following changes to the ARM Board of Directors:

1. Mr Andre Wilkens steps down as an Executive Director of ARM

Mr Andre Wilkens served for many years as an Executive Director of the Company, including
a long and successful tenure as the Company’s chief executive officer (“CEO”). He steps
down from the Board of Directors by mutual agreement with the Company, with effect from
18 December 2019, and will remain with ARM as a senior executive in the office of the
Executive Chairman.

The Executive Chairman of ARM, Dr Patrice Motsepe, said: “Andre Wilkens was the first CEO
of ARM and its predecessor, ARMgold, and I have had the honour of working with him for
the past twenty years. We are deeply grateful for his leadership and his contributions to
the success of ARM.”

2. Appointment of Mrs Jongisa Magagula as Executive Director for Investor Relations
and New Business Development

The ARM Board of Directors is pleased to announce the decision to appoint Mrs Jongisa
Magagula, ARM’s Head of Investor Relations and Corporate Development, as an Executive
Director of the Company, with effect from 18 December 2019, until her appointment is
approved by the shareholders of the Company at the next annual general meeting of the
Company.

The Executive Chairman of ARM, Dr Patrice Motsepe, said: “We welcome Jongisa as our new
Executive Director for Investor Relations and New Business Development. Jongisa has been
with ARM for the past ten years and has done a great job in the investor relations and
other responsibilities which were allocated to her.”

For more information, please contact:

Alyson D’Oyley
Company Secretary
Tel: +27 11 779 1300
E-mail: alyson.doyley@arm.co.za

Johannesburg
18 December 2019

Sponsor: Investec Bank Limited