AFRICAN RAINBOW MINERALS LIMITED - African Rainbow Minerals Limited - Changes to the Board of Directors

African Rainbow Minerals Limited - Changes to the Board of Directors

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")

AFRICAN RAINBOW MINERALS LIMITED - CHANGES TO THE BOARD
OF DIRECTORS

In terms of paragraphs 3.59(b) and 3.59(c) of the
Listings Requirements of the JSE Limited, notification
is hereby given of the following changes to the ARM board
of directors (the "Board"):

1. Mr Alexander (Alex) Komope Maditsi ("Mr Maditsi") steps
   down as Lead Independent Non-executive Director of ARM

   The Board announces that Mr Maditsi is stepping down from
   his position as the Lead Independent Non-executive
   Director of ARM with effect from and including 3
   September 2024. Mr Maditsi is also stepping down from his
   position as the Chairman of both the Nomination Committee
   and the Non-executive Directors' Committee of the Company
   with effect from and including 3 September 2024. Mr
   Maditsi will continue as an Independent Non-executive
   Director of the Board.

2. Appointment of Mr David Collen Noko ("Mr Noko") as Lead
   Independent Non-executive Director of ARM

   The Board is pleased to announce the appointment of Mr
   Noko, who is an Independent Non-executive Director of the
   Company: (i) as the Lead Independent Non-executive
   Director of ARM; (ii) to the Nomination Committee; and
   (iii) as the Chairman of the Nomination Committee and the
   Non-executive Directors' Committee, with effect from and
   including 3 September 2024. Mr Noko will be stepping down
   from his position as the Chairman of the Investment and
   Technical Committee with effect from and including 3
   September 2024.

3. Appointment of Mr Bongani Nqwababa ("Mr Nqwababa") as
   a member and Chairman of the Investment and Technical
   Committee

   The Board is also pleased to announce the appointment of
   Mr Nqwababa, who is an Independent Non-executive Director
   of the Company, as a member and Chairman of the Investment
   and Technical Committee.

4. Mr Wilson Mangisi Gule ("Mr Gule") steps down as a
   director of ARM

   Shareholders are hereby advised that Mr Gule will be
   stepping down from his position as a director of ARM with
   effect from and including 3 September 2024.

The Executive Chairman of ARM, Dr Patrice Motsepe, said:
"We would like to express our gratitude to Alex Maditsi
for his diligent leadership as the Lead Independent Non-
executive Director of ARM. We are grateful that he will
continue as an Independent Non-executive Director. I
would like to welcome David Noko as the Lead Independent
Non-executive Director from and including 3 September
2024. David has over 40 years' experience in mining,
engineering and manufacturing and served as an executive
at two global mining companies. I am confident that he
will continue to contribute to the success of the Company
in his new role. I would also like to welcome Bongani as
a member and Chairman of the Investment and Technical
Committee. Bongani has extensive financial and mining
experience. He was chief financial officer of a number
of large, listed companies on the Johannesburg Stock
Exchange. I would like to thank Mangisi Gule for his
valuable contribution on the ARM Board. I have had the
honour of working with Mangisi for many years, starting
as an Executive Director and thereafter as a Non-
executive Director. I wish him everything of the very
best."


For more information please contact:

Ms Tsundzukani Mhlanga
Finance Director
Office: +27 11 779 1300 | Email:
Tsundzukani.Mhlanga@arm.co.za

Sandton
3 September 2024

Sponsor: Investec Bank Limited

Date: 03-09-2024 05:40:00
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