Update on conversion of further furnaces at Machadodorp Works

30 June 2011

Further to the announcement made on 10 September 2010 titled �Possible conversion of further furnaces at Machadodorp Works�; African Rainbow Minerals Limited and Assore Limited, who jointly own and control Assmang Limited (�Assmang�),announce the conversion of additional furnaces to high carbon ferromanganese at Machadodorp Works.

Assmang announced today that, after the successful conversion of the No. 5 Furnace at Machadodorp Works from the production of charge chrome to high carbon ferromanganese, it has completed the evaluation of converting further furnacesand has decided to convert No’s 2 and 3 Furnaces to produce high carbon ferromanganese.

There are a number of engineering modifications that must be carried out and logistical issues that need to be addressed before the conversion can be implemented. It is therefore anticipated that the conversion will commence during the first quarter of the 2012 calendar year, with ferromanganese being produced from the No’s 2 and 3 Furnaces from the third quarter of 2012.

The conversion of the additional furnaces will increase Assmang’s production of high carbon ferromanganese by approximately 100 000 tonnes per year, bringing its total capacity to some 375 000 tonnes per year. Key ferrochrome customers will continue to be supplied from the No. 1 Furnace at Machadodorp Works.

Assmang continues to study the optimisation of alloy production at both its Machadodorp and Cato Ridge Works.

For all investor relations queries, please contact:

Jongisa Klaas
Head of Investor Relations and Corporate Development
Office: +27 11 779 1300

30 June 2011

Sponsor to ARM:
Deutsche Securities (SA) (Proprietary) Limited