Statement re Share Options

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')

In terms of paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE
Securities Exchange, South Africa ('Listings Requirements') we provide the
following information regarding the granting of options by ARM to the
undermentioned executive directors of the Company:

Name :F Abbott WM Gule PT Motsepe

Number of Options :94 135 97 719 133 784

Name :JC Steenkamp AJ Wilkens

Number of Options :94 135 112 865

Date of notification : 13 October 2005

Effective date of

Transaction : 10 October 2005

Nature of transaction : Grant of share options in terms of the Anglovaal Mining

Share Incentive Scheme

Strike price : R37,00 per option

Vesting dates for : 33,3% of options on 10 October 2006

Exercising of options : 33,3% of options on 10 October 2007

: 33,3% of options on 10 October 2008

: Any options not exercised by 10 October 2013 will

lapse

Class of securities : Ordinary shares

Extent of interest : Direct beneficial

The remuneration committee granted the necessary authority to offer these
options in terms of 3.66 of the Listings Requirement.

Johannesburg

13 October 2005

Sponsor

Deutsche Securities (SA)(Pty) Ltd