Trading Update

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')

ARM - Trading update in respect of the twelve month period ended 30 June 2005

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited
('the JSE') a listed company is required to publish a trading statement as soon
as it is satisfied that a reasonable degree of certainty exists that the
financial results for the period to be reported on next will differ by at least
20% from those of the previous corresponding period.

The group results to June 2005 have been positively impacted by a strong
performance from its ferrous metals and nickel divisions owing to increased
volumes and high commodity prices as well as a considerably weaker exchange
rate during May and June 2005. The ARM interest in Harmony Gold Mining Company
Limited ceased to be equity accounted with effect from 30 November 2004.

In light of the above, ARM announces that it expects headline earnings per
share for the twelve months ended 30 June 2005 to be between 165 and 180 cents
per share (June 2004: headline earnings per share 37 per share).

This trading statement has not been reviewed or reported on by ARM's external
auditors. The Company's year end results will be released on 12 September 2005.

By order of the board

6 September, 2005

Sponsor : Deutsche Securities (SA) (Proprietary) Limited