AFRICAN RAINBOW MINERALS LIMITED - Dealings in securities

Dealings in securities

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")

DEALINGS IN SECURITIES

Award and acceptance of conditional shares

In compliance with paragraphs 6.77 to 6.85 of the Listings Requirements of
the JSE Limited ("the Listings Requirements"), we hereby provide the following
information regarding the award to and acceptance of conditional shares by
the undermentioned Executive Directors and Prescribed Officers of the Company,
and the undermentioned Directors of Two Rivers Platinum Proprietary Limited
and ARM Mining Consortium Limited, major subsidiaries of the Company:

Conditional shares
Acceptance date                      12 June 2026
Nature of transaction                Off-market award and acceptance of
                                     conditional shares in terms of The
                                     African Rainbow Minerals Limited 2018
                                     Conditional Share Plan
Vesting date for settlement          4 December 2028
Class of securities                  Ordinary shares
Extent of interest                   Direct, beneficial


Name               Designation                      Number of       Value of
                                                  conditional          award
                                                      shares*              R
VP Tobias          Chief Executive Officer             76 669     17 394 663
TTA Mhlanga        Finance Director                    40 405      9 167 086
AMJ Burger         Prescribed Officer                  35 173      7 980 050
JC Jansen          Prescribed Officer                  32 270      7 321 418
A Joubert          Prescribed Officer                  40 471      9 182 060
HL Mkatshana       Prescribed Officer                  35 405      8 032 686
MP Schmidt         Prescribed Officer                  58 848     13 351 434
J van der Bijl     Prescribed Officer                  38 104      8 645 036
NV Khumalo         Director of Two Rivers              21 201      4 810 083
                   Platinum Proprietary
                   Limited
BR Tshabalala,     Director of ARM Mining              19 772      4 485 871
Dr                 Consortium Limited

* The vesting of the conditional shares is conditional on pre-determined
performance conditions and continued employment by ARM and where applicable,
the reasons for the cessation of such employment.

The calculation of the value of these awards is based upon the volume weighted
average ARM share price for the 20 trading days ended 18 May 2026, which was
R226.88.

                                                                         
The requisite clearances and approvals for these transactions have been
obtained in compliance with the Securities Dealing Policies and Procedures
of ARM and paragraph 6.83 of the Listings Requirements.


Sandton
12 June 2026

Sponsor to ARM:
Investec Bank Limited




                                                                         

Date: 12-06-2026 04:24:00
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.