Enhanced Investments - Financial Portal

Closing Of The Acquisition By Arm Of Bokoni Platinum Mines Proprietary Limited

Published: 2022-08-12 16:25:30 ET

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”)

CLOSING OF THE ACQUISITION BY ARM OF BOKONI PLATINUM MINES PROPRIETARY
LIMITED

Shareholders are referred to the announcement released on the Stock Exchange News Service
of the JSE Limited on 20 December 2021 in which ARM confirmed that the Company had
entered into a sale and purchase agreement which provides for a wholly owned subsidiary of
ARM to acquire all the shares of Bokoni Platinum Mines Proprietary Limited for a
consideration of R3.5 billion payable in cash (the “Transaction”), subject to certain conditions
being met.

Shareholders are advised that all the conditions precedent to the Transaction have now been
fulfilled and the Transaction has become unconditional. The effective date of the Transaction
is expected to be 1 September 2022.

Johannesburg
12 August 2022

Transaction Advisor and Transaction Sponsor: The Standard Bank of South Africa Limited
Financial Advisor to ARM: Oxford Partners (Pty) Limited
Legal Advisor: Bowmans
Technical Consultants: Worley RSA (Pty) Limited
Sponsor: Investec Bank Limited

For all investor relations queries please contact:

Jongisa Magagula - Executive Director: Investor Relations and New Business Development
Tel:     +27 11 779 1300
Mobile: +27 82 562 5288
E-mail: jongisa.magagula@arm.co.za

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.