African Rainbow Minerals Limited announced following changes to the ARM Board of Directors and to the composition of two ARM Board Committees: ARM announced that Mr. Michael Arnold, after serving as a Non-executive Director for 5 years and as Financial Director for 8 years, is stepping down from the Board. Mr. Hamilton Luthando Mkatshana will continue to be employed as Chief Executive of ARM Platinum, but will step down as an Executive Director. Both Messrs Mike Arnold and Thando Mkatshana will step down at the close of the forthcoming annual general meeting, or any adjournment thereof.

Mr. Alexander Komope Maditsi will continue as a Board member of ARM and will be stepping down from the Audit and Risk Committee at the forthcoming annual general meeting, or any adjournment thereof, and will not stand for election to the Audit and Risk Committee. The Board has appointed Mr. Brian Kennedy as a member of the Investment and Technical Committee with effect from 5 October 2023.