Dealing in securities by a director of ARM African Rainbow Minerals Limited (Incorporated in the Republic of South Africa) (Registration Number 1933/004580/06) JSE Share code: ARI ISIN: ZAE000054045 ("ARM" or "the Company") DEALING IN SECURITIES BY A DIRECTOR OF ARM A. Exercise of share options and acquisition of shares In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE Limited ("the Listings Requirements"), the following information is provided regarding the exercise of share options and acquisition of shares by subscription by the Executive Chairman of ARM. In terms of the rules of the African Rainbow Minerals Limited Share Incentive Scheme, the share options described below would expire on 18 March 2022, if not exercised by this date. Name of director Dr Patrice Motsepe Category of director Executive Chairman Date of transaction 14 March 2022 Nature of transaction Exercise of share options and off-market acquisition of shares by subscription Class of securities Ordinary shares Offer price 20 223 options at R200.75 per share option; granted on 29 October 2013 and vested on 30 October 2017. Number of securities 20 223 Market price of securities Closing price of R274.20 per ARM share on Friday, 11 March 2022 Total market value of R5 545 146.60 securities Nature of interest Direct, beneficial Clearance to deal Yes B. Transfer of shares In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements, the following information is provided regarding the election by the Executive Chairman of ARM, Dr Patrice Motsepe, to transfer his shares acquired by subscription as described in "A" above to African Rainbow Minerals & Exploration Investments Proprietary Limited ("ARMI"). The shares of ARMI are indirectly held and beneficially owned by trusts, which trusts, with the exception of The Motsepe Foundation, hold those shares for the benefit of Dr Patrice Motsepe and his immediate family. The Motsepe Foundation applies the benefits emanating from its indirect shareholding in ARMI for philanthropic purposes. Date of transaction 14 March 2022 Name of director Dr Patrice Motsepe Category of director Executive Chairman Nature of transaction Off-market transfer of shares to ARMI with no change in beneficial ownership Class of securities Ordinary shares Number of securities 20 223 Market value of securities Closing price of R274.20 per share on Friday, 11 March 2022 Total market value of transaction R5 545 146.60 Nature of interest Indirect, beneficial Clearance to deal Yes The requisite clearances and approvals for these transactions have been obtained in compliance with the securities dealing policies and procedures of ARM and paragraph 3.66 of the Listings Requirements. Sandton 17 March 2022 Sponsor to ARM: Investec Bank Limited Date: 17-03-2022 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
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ARM - African Rainbow Minerals Ltd. published this content on 17 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2022 13:10:03 UTC.