Clarification Further to the Anglo Platinum Media Release – 7 February 2011
11 February 2011
Anglo Platinum Limited (“Anglo Platinum”) in a media release on 7 February 2011 provided details about its previous empowerment transactions in a table contained at the foot of the release.
The Anglo Platinum description of the 2001 year transaction provides that the shareholding structure of the Modikwa Joint Venture included the ARM Broad-Based Economic Empowerment Trust as part of the transaction.
ARMwould like to clarify that the ARM Broad-Based Economic Empowerment Trust which owns shares directly into ARM did not form part of the 2001 Modikwa Joint Venture transaction as stated in the Anglo Platinum release.
The transaction entered into with Anglo Platinum’s Rustenburg Platinum Mine in respect of the Modikwa Mine in 2001 was a 50:50 joint venture with ARM Mining Consortium Limited (�ARM MC�). The local communities have an 8.5% shareholding in the Modikwa Mine through two Section 21 community companies, namely Mampudima- and Matimatjatji Community Companies, which they hold through their 17% shareholding in ARM MC.
At that time African Rainbow Minerals & Exploration Investments (Pty) Limited (�ARMI�) owned 83% of ARM MC through its 100% held subsidiary African Rainbow Minerals Platinum (Pty) Limited (�ARM Platinum�).
In the 2004 merger transaction between ARMI and Anglovaal Mining Limited, the ARMI interest in ARM Platinum was incorporated into African Rainbow Minerals Limited.
For all investor relations queries, please contact:
Head of Investor Relations and Corporate Development
Office: +27 11 779 1300
11 February 2011
Sponsor to ARM:
Deutsche Securities (SA) (Proprietary) Limited