Establishment of Arm Coal, a Major New South African Coal Mining Company – African Rainbow Minerals (ARM)
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Establishment of Arm Coal, a Major New South African Coal Mining Company

6 July 2006

With reference to the announcement of 28 February 2006, ARM and Xstrata are pleased to announce that all regulatory conditions precedent relating to the transaction have been met.

Financial adviser and sponsor to ARM
Deutsche Securities (SA) (Pty) Ltd

Investment Bank to Xstrata
Standard Bank

Attorneys to ARM
Bowman Gilfillan

Attorneys to Xstrata
Werksmans Inc.

For further details, contact
Pieter R�rich
Corporate Development
Tel: +27 11 779 1476
Mobile: +27(0)82 570 5064
pieter.rorich@arm.co.za

Corn� Bobbert
Corporate Development
Tel: +27 11 779 1478
Mobile: +27(0)83 380 6114
corne.bobbert@arm.co.za

Disclaimer:
Forward Looking Statements Certain statements in this presentation constitute “forward looking statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934.

Such forward looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the company to be materially different from the future results, performance or achievements expressed or implied by such forward looking statements. Such risks, uncertainties and other important factors include among others: economic, business and political conditions in South Africa; decreases in the market price of commodities; hazards associated with underground and surface mining; labor disruptions; changes in government regulations, particularly environmental regulations; changes in exchange rates; currency devaluations; inflation and other macroeconomic factors; and the impact of the AIDS crisis in South Africa. These forward looking statements speak only as of the date of publication of these pages.

The company undertakes no obligation to update publicly or release any revisions to these forward looking statements to reflect events or circumstances after the date of publication of these pages or to reflect the occurrence of unanticipated events.