Making profits and growing despite global economic crisis

Johannesburg, Monday 23 February 2009

African Rainbow Minerals Limited announces its interim results for the six months ended 31 December 2008.

Highlights

• Strong headline earnings increase of 201% from R741 million to R2 232 million or 1 055 cents per share
• Profit from operations before exceptional items increases 120% from R1.5 billion to R3.3 billion
• Increased sales volumes of PGMs, iron ore and domestic thermal coal
• Increased sales prices for coal, ferrous commodities and alloys
• Strong balance sheet: cash balance of R3.66 billion reflects an increase of R2.5 billion
• Significant benefits from diversification of mining activities
• ARM transaction with Vale on African exploration nearing closing

For the comprehensive set of results please visit our website at www.arm.co.za

The results will be release on SENS at 07:00 am and will simultaneously be disclosed on the company?s website www.arm.co.za

Live webcast                                       11:00 am at www.arm.co.za

Summit TV live broadcast                  11:00 am on DStv channel 412

Summit TV live video webcast           11:00 am

To watch go to www.summit.co.za and follow the links from the Live Results box at the top right.

Bloomberg

ARM?s results will also be available live on all Bloomberg terminals around the world

If you are a Bloomberg client, you will find it on Live <GO>

To participate in the conference call, please dial the following numbers:

Ask for the African Rainbow Minerals conference.

To listen to a playback of the call please dial:

For more information please contact:

Ursula Anyamene

Tel:      +27 (0) 11 779 1466

E-mail: ursula.anyamene@arm.co.za