Result of AGM

African Rainbow Minerals Limited

(Formerly Anglovaal Mining Limited )

('Avmin')

(Incorporated in the Republic of South Africa)

(Registration number 1933/004580/06)

JSE Share code: ARI

LSE Share code: AGM

ISIN: ZAE000054045

('ARM')

Results of Annual General Meeting

ARM is pleased to announce that all the resolutions set out in the Notice of
the Annual General Meeting dated 8 December 2004 were passed by the requisite
majority of shareholders at the Annual General Meeting held today.

Johannesburg

20 January, 2005

Issued by sponsor:

Deutsche Securities (SA) (Proprietary) Limited