Johannesburg, 27 October 2008

2008 Annual Report - No change statement and Notice of Annual General Meeting

In compliance with the Listings Requirements of the JSE Limited we hereby advise that the Company's annual financial statements for the year ended 30 June 2008, contained within the annual report 2008, will be issued on 27 October 2008. An abridged report will not be published as the information contained in the preliminary report dated 1 September 2008 is unchanged.

Notice is hereby given that the annual general meeting of the members of African Rainbow Minerals Limited in respect of the year ended 30 June 2008 will be held in Boardroom 4, Sandton Convention Centre, Maude Street Sandton, on Friday, 28 November 2008 at 14:00.

Please visit our website at www.arm.co.za to download the online version. Should you wish to receive a printed copy of the report or electronic copy on CD, please forward your postal address to: Ursula Anyamene ursula.anyamene@arm.co.za

New to the 2008 Annual Report

ARM constantly strives to improve the quality of information to shareholders. This year, therefore, we draw your attention to the following enhancements and highlights of this year's annual report:

Overview

• Inside front cover: A convenient summary of divisional and commodity earnings as well as profit contributions to ARM.
• Pages 2 and 3: Key financial statistics for the last five years,including  a further summary of the US dollar financial statistics.
• Page 12: Part of the Financial Directors' report: the profit variance analysis graph which shows the contribution of the exchange rate, US$ commodity prices, volumes and costs to the profitability growth in F2008.

Operational review

• Pages 18, 34 and 48: A Scorecard for each of the operations with a summary of the key operational objectives for the financial years 2008 and 2009
• Pages 24, 41 and 52: At a glance: ARM Platinum, ARM Ferrous and ARM coal commodity pricing trends over F2008
• Pages 26, 27 and 30: Expanded ARM Platinum operational information , with a history provided (where applicable).
• Pages 42, 44 and 46: More history on the operational information of ARM Ferrous
• Pages 53 and 54: ARM Coal operational information for PCB and GGV separately.

Resources and Reserves

• Page 64: A contents list for easy referencing of this section
• Pages 66 and 67: At a glance: a convenient summary of all the various commodities' reserves and resources.

Sustainable Development

• Page 106: An expanded Sustainable Development section. A supplement "Sustainable Development Report" is available on our website www.arm.co.za

Annual Financial Statements

• Page 160: The segmental analysis of the ARM financials, based on Platinum, Nickel, ARM Ferrous, ARM Coal, Exploration and Corporate segments.
• Page 162: Further breakdown of the Platinum segment into Modikwa and Two Rivers.
• Page 164: Further breakdown of the Ferrous segment, based on Iron Ore, Manganese and Chrome.
• Pages 201 and 206: Convenient Dollar summary financials (a further expansion on the summary table on page 3).

For more information please contact:

Monique Swartz                                                                    

Corporate Development and Head of Investor Relations                  

Office:             +27 11 779 1507                                                         

E-mail:             monique.swartz@arm.co.za       

or

Corn� Bobbert

Corporate Development

Office:             +27 11 779 1478                                                         

E-mail:             corne.bobbert@arm.co.za