Annual Report and Accounts

African Rainbow Minerals Limited

(Formerly Anglovaal Mining Limited)

Registration number 1993/004580/06

(Incorporated in the Republic of South Africa)

Annual Report 2004

Copies of the above document have been submitted to the UK Listing Authority
and will be available for inspection at the UK Listing Authority's Document
Viewing Facility at:-

Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS

Telephone [phone]

14 January 2005