Director/PDMR Shareholding

African Rainbow Minerals Limited

(Incorporated in the Republic of South Africa)

(Registration Number 1933/004580/06)

JSE Share code: ARI LSE Share code: AGM

ISIN: ZAE000054045

('ARM' or 'the Company')

Director's dealings in ARM securities

In compliance with paragraph 3.63 - 3.66 of the Listings Requirements of the
JSE Limited, South Africa, we hereby advise the following dealings by directors
in ARM securities:

Name of director                 Jan Christiaan Steenkamp                      
                                                                               
Category of director             Executive                                     
                                                                               
Name of company                  African Rainbow Minerals Limited              

1   Date of transaction          11 November 2005                              
                                                                               
    Offer price                  710 cents per option                          
                                                                               
    Selling price of securities  R38,50 per share                              
                                                                               
    Number of securities         2 222                                         
                                                                               
    Total value of securities    R85 547,00                                    
                                                                               
    Class of securities          Options on ordinary shares                    
                                                                               
    Nature of transaction        Exercise of options                           
                                                                               
    Interest (ie direct/indirect Direct beneficial                             
    etc)                                                                       
                                                                               
    Clearance to deal received   Yes                                           
                                                                               
2   Date of transaction          11 November 2005                              
                                                                               
    Offer price                  5 cents per option                            
                                                                               
    Selling price of securities  R38,50 per share                              
                                                                               
    Number of securities         2 648                                         
                                                                               
    Total value of securities    R101 948,00                                   
                                                                               
    Class of securities          Options on ordinary shares                    
                                                                               
    Nature of transaction        Exercise of options                           
                                                                               
    Interest (ie direct/indirect Direct beneficial                             
    etc)                                                                       
                                                                               
    Clearance to deal received   Yes                                           
                                                                               
3   Date of transaction          14 November 2005                              
                                                                               
    Offer price                  5 cents per option                            
                                                                               
    Selling price of securities  R39,00 per share                              
                                                                               
    Number of securities         2 052                                         
                                                                               
    Total value of securities    R80 028,00                                    
                                                                               
    Class of securities          Options on ordinary shares                    
                                                                               
    Nature of transaction        Exercise of options                           
                                                                               
    Interest (ie direct/indirect Direct beneficial                             
    etc)                                                                       
                                                                               
    Clearance to deal received   Yes                                           
                                                                               
4   Date of transaction          14 November 2005                              
                                                                               
    Offer price                  1 625 cents per option                        
                                                                               
    Selling price of securities  R39,00 per share                              
                                                                               
    Number of securities         7 797                                         
                                                                               
    Total value of securities    R304 083,00                                   
                                                                               
    Class of securities          Options on ordinary shares                    
                                                                               
    Nature of transaction        Exercise of options                           
                                                                               
    Interest (ie direct/indirect Direct beneficial                             
    etc)                                                                       
                                                                               
    Clearance to deal received   Yes                                           

Sandton

14 November 2005

Sponsor to ARM:

Deutsche Securities (SA)(Proprietary) Limited