Trading update

14 July 2005

Shareholders are advised that as a result of adverse ferrochrome market conditions the Company will be temporary shutting down three of its ferrochrome furnaces, at its Machadodorp works, for a period of 1 month commencing on 25 July 2005. The furnaces being shut down are in addition to a furnace already out of operation for routine maintenance. It is estimated that the effect of the shutdown will lower the Company’s ferrochrome production by 20 000 tons for the 2005/2006 financial year.

African Rainbow Minerals Limited
Per: A Jepson

For more information please contact:
Alan Jepson
Office: +27(0) 11 779 1100
or: +27(0) 83 701 7990

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 A ct 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.