Edition:
United Kingdom

African Rainbow Minerals Ltd (ARIJ.J)

ARIJ.J on Johannesburg Stock Exchange

14,030.00ZAc
18 Jan 2019
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Summary

Name Age Since Current Position

Patrice Motsepe

57 2004 Executive Chairman of the Board

Michael Schmidt

60 2012 Chief Executive Officer, Executive Director

Abigail Mukhuba

39 2017 Chief Financial Officer, Finance Director, Executive Director

Thando Mkatshana

49 2017 Chief Executive - ARM Platinum and ARM Coal, Executive Director

Andre Joubert

2012 Chief Executive - ARM Ferrous

Andre Wilkens

69 2012 Executive Director - Growth and Strategic Development, Director

Lincoln Shiels

2012 Executive - Business Development

Alyson D'Oyley

2009 Company Secretary

Alex Maditsi

56 2015 Lead Independent Non-Executive Director

Michael Arnold

61 2017 Non-Executive Director

Jan Steenkamp

64 2017 Non-Executive Director

Mmapusetso Bakane-Tuoane

71 2017 Independent Non-Executive Director

Thomas Boardman

70 2011 Independent Non-Executive Director

Anton Botha

66 2009 Independent Non-Executive Director

Joaquim Chissano

78 2005 Independent Non-Executive Director

W. Mangisi Gule

66 2013 Non-Executive Independent Director

Kobus Moller

59 2017 Independent Non-Executive Director

David Noko

61 2017 Independent Non-Executive Director

Rejoice Simelane

67 2004 Independent Non-Executive Director

Z. Bernard Swanepoel

57 2010 Independent Non-Executive Director

Jongisa Magagula

2018 Head of Investor Relations and Corporate Development

Biographies

Name Description

Patrice Motsepe

Dr. Patrice T. Motsepe serves as Executive Chairman of the Board of African Rainbow Mineral Ltd. He was appointed to the Avmin board in 2003, Dr Motsepe led ARMgold in 2003 into a merger with Avmin and Harmony. Following the merger, Avmin changed its name to African Rainbow Minerals (ARM) and he became the founder and Executive Chairman of ARM. He served in African Rainbow Capital Proprietary Limited, African Rainbow Energy & Power (Pty) Ltd, Harmony Gold Mining Company Limited, Sanlam Limited.

Michael Schmidt

Mr. Michael P. Schmidt, MDP is Chief Executive Officer, Executive Director of African Rainbow Minerals Ltd. He appointed to the Board in 2011. Mike Schmidt joined ARM as Executive: Platinum Operations in July 2007 after 13 years with Lonmin Platinum where he was Vice President Limpopo operations at the time he left the company. Prior to that, he was employed by Hartebeestfontein Gold Mining Company. Mike was appointed as the Chief Executive Officer Designate of ARM and an Executive Director of the Company with effect from 1 September 2011. He has been the Chief Executive Officer of ARM since 1 March 2012.

Abigail Mukhuba

Ms. Abigail Mukhuba is Chief Financial Officer, Finance Director, Executive Director of the Company. Abigail has over 17 years’ working experience in the financial reporting and tax specialist environment in the mining and automotive industries. She started her career at a large South African auditing firm before joining BMW SA Inc. In 2007, she moved onto the mining industry at Exxaro Resources Limited, where she led the Group Financial Reporting team. Abigail joined ARM in 2016 as the Chief Finance Officer and in 2017 she was appointed as ARM’s Finance Director. She is also a Director of African Rainbow Capital.

Thando Mkatshana

Mr. Thando Mkatshana serves as Chief Executive - ARM Platinum and ARM Coal, Executive Director of African Rainbow Minerals Limited. He appointed to the Board in 2015. Thando Mkatshana has more than 25 years of experience in the mining industry. His career started with Anglo American Coal in 1988, where he gained extensive experience working in production at various Anglo American Collieries. He joined Xstrata Coal South Africa (Pty) Ltd in 2003, where he was responsible for the development from feasibility to implementation of the Goedgevonden Colliery (a flagship greenfield project which is a joint venture between ARM Coal (Pty) Ltd and what is now Glencore Operations South Africa (Pty) Ltd). Thando worked for Kalagadi Manganese (Pty) Ltd and ArcèlorMittal South Africa Limited before joining ARM in 2011 as Executive: Coal Operations. He was appointed Chief Executive: ARM Coal in 2012 and assumed the additional responsibilities of Chief Executive: ARM Copper in 2015. Thando also sits on mining industry-related boards.

Andre Joubert

Andre Wilkens

Mr. Andre J. Wilkens serves as Executive Director - Growth and Strategic Development, Director of African Rainbow Mineral Ltd. He appointed to the Board in 2004. André Wilkens was appointed the Chief Executive Officer of ARMgold in 1998. He was then appointed the Chief Operating Officer of Harmony following the merger of ARMgold with Harmony in 2003. André subsequently served as Chief Executive of ARM Platinum, a division of ARM. André was appointed as Chief Executive Officer of ARM in 2004 and appointed to its Board in the same year. With the appointment of Mike Schmidt as ARM’s Chief Executive Officer on 1 March 2012, André became the Executive Director: Growth and Strategic Development based in the office of the Executive Chairman. The balance of André’s 44 years’ mining experience was gained with Anglo American Corporation of South Africa, where he commenced his career in 1969, culminating in his appointment as Mine Manager at Vaal Reefs in 1991. André is also a director of African Rainbow Energy & Power (Pty) Ltd.

Lincoln Shiels

Mr. Lincoln Allison Shiels serves as Executive - Business Development of the Company. He resigned as Executive Director - Business Development of African Rainbow Mineral Ltd. Stompie Shiels joined ARM in May 2005 after 14 years with Lonmin Platinum where he was the Operations Director for the mines. Prior to that he was employed by Rand Mines in the Gold and Platinum Division. After graduating he worked at E.R.P.M. from miner to manager. He then commissioned the T.G.M.E mine and plant before going to Crocodile River Mine after Rand Mines acquired it.

Alyson D'Oyley

Alex Maditsi

Mr. Alex K. Maditsi is Lead Independent Non-Executive Director of the Company. He became the Lead Independent Nonexecutive Director in 2015. Alex is the Managing Director of Copper Moon Trading (Pty) Ltd. Previously, he was employed by Coca-Cola South Africa as a Franchise Director for South Africa. He was Country Manager for Kenya, Senior Director: Operations Planning and Legal Director for Coca-Cola Southern and East Africa. Prior to joining Coca-Cola, Alex was the Legal Director for Global Business Connections in Detroit, Michigan. He also spent time at Lewis, White and Clay, The Ford Motor Company and Schering- Plough in the USA, practising as an attorney. Alex was a Fulbright Scholar and a member of the Harvard LLM Association. Alex’s directorships include African Rainbow Energy and Power (Pty) Ltd, Bidvest Group Limited, Murray & Roberts and Sterling Debt Recoveries (Pty) Ltd.

Michael Arnold

Mr. Michael Arnold is Non-Executive Director of the Company, since December 10, 2017. He currently serves as Financial Director, Executive Director of African Rainbow Mineral Ltd. He appointed to the Board in 2009. Mike Arnold’s working career started in the mining industry in 1980 when he was employed as a geologist at Anglo American Corporation. He qualified as a Chartered Accountant (SA) in 1987 and completed his articles at a large South African auditing firm. Mike joined ARM in 1999 as the Group Financial Manager of Avgold Limited and in 2003 was appointed as its Financial Director. In 2004, Mike was appointed Executive: Finance of ARM and he was appointed as the Chief Financial Officer of ARM in 2008.

Jan Steenkamp

Mr. Jan C. Steenkamp serves as Non-Executive Director of the Company. He started his career with the Anglovaal Group in 1973. Trained as a mining engineer, he has worked at and managed group mining operations within the gold, copper, manganese, iron ore and chrome sectors. He was appointed as Managing Director of Avgold Limited in September 2002 and also served on the board of Assmang Limited. In May 2003, Jan was appointed to the Avmin board and was appointed Chief Executive Offi cer of Avmin on 1 July 2003 after serving as Chief Operating Offi cer. He later served as the Chief Executive of ARM Ferrous and the Chief Executive of ARM Exploration and Strategic Services, prior to his retirement from ARM in June 2017.

Mmapusetso Bakane-Tuoane

Dr. Mmapusetso Manana Bakane-Tuoane is Independent Non-Executive Director of the Company. She served as ARM’s Lead Independent Non-executive Director from 2009 to 2015. Manana has extensive experience in the economics field. Her 20-year career in the academic field included lecturing at various institutions, including the University of Botswana, Lesotho and Swaziland (UBLS), National University of Lesotho (NUL), University of Saskatchewan (Sectional Lecturer), and the University of Fort Hare, as Head of Department and Associate Professor. During this part of her career she was seconded to work in the public service, where she has held various senior management positions since 1995. Concurrent with the above, Manana has been a member and office bearer of several international organisations, including Winrock International and the African Economic Research Consortium (AERC). She is also a trustee of certain Sanlam trusts. Manana was the Special Advisor to the Minister of Social Development, Minister of Water and Environmental Affairs as well as Minister of Environmental Affairs from 2009 until 31 January 2015.

Thomas Boardman

Mr. Thomas Andrew (Tom) Boardman, BCom, CA(SA) is an Independent Non-Executive Director of the Company. He was Chief Executive of Nedbank Group Limited from December 2003 to February 2010. He was previously Chief Executive and an Executive Director of BoE Limited, one of South Africa’s leading private and investment banking companies which was acquired by Nedbank in 2002. He was the founding shareholder and Managing Director of retail housewares chain Boardmans, which he sold to Pick ’n Pay in 2006. The Boardmans chain of stores is now owned by Edcon. Prior to this, he was Managing Director of Sam Newman Limited and worked for the Anglo American Corporation for three years. He served his articles at Deloitte. He served as a Non-executive Director on the Board of Nedbank Limited from March 2010 to May 2017. He served as Chairman of the Credit and the Capital and Risk Committees. He was a Director of a listed Swedish Investment Company, Kinnevik, from 2011 to 2018, having served as Chairman for the last two years. He is currently a Non-executive Director of Woolworths Holdings and Royal Bafokeng Holdings, Ubuntu-Botho Investments and African Rainbow Capital. He is also a Non-executive Director and Chairman of Millicom International Cellular, which is one of the major mobile and cable network operators in Central and South America and is listed on the Swedish stock exchange. He is also a Director and Chairman of Ansor Limited, a private equity holding company based in the United Kingdom. He is a Director of The Peace Parks Foundation and serves as a trustee on a number of other charitable foundations.

Anton Botha

Mr. Anton Dirk Botha serves as Independent Non-Executive Director of the Company. He is a co-founder, Director and co-owner of Imalivest, a private investment group that manages proprietary capital provided by its owners and the Imalivest Flexible Funds. He also serves as a Non-executive Director on the Boards of the University of Pretoria, Sanlam Limited and certain Sanlam subsidiaries.

Joaquim Chissano

Mr. Joaquim A. Chissano, Ph.D., serves as an Independent Non-Executive Director of the Company. He is a former President of Mozambique who has served that country in many capacities, initially as a founding member of the Frelimo movement during that country’s struggle for independence. Subsequent to independence in 1975, he was appointed foreign minister and on the death of Samora Machel in 1986 assumed the offi ce of President. Frelimo contested and won the multiparty elections in 1994 and 1999, returning Joaquim to the presidency on both occasions. He declined to stand for a further term of offi ce in 2004. His presidency commenced during a devastating civil war and ended with the economy in the process of being reconstructed. He served a term as Chairman of the African Union from 2003 to 2004. Joaquim is also a Non-executive Director on Harmony’s board. In 2006, Joaquim was awarded the annual Chatham House Prize, which is awarded for signifi cant contributions to the improvement of international relations. He was the recipient of the inaugural Mo Ibrahim Prize for Achievement in African Leadership in 2007.

W. Mangisi Gule

Mr. W. Mangisi Gule serves as Non-Executive Independent Director of the Company. He was appointed Chief Executive of ARM Platinum on 27 February 2005 and in May 2007 he was appointed Chief Executive of ARM Coal, a role which he held until August 2012. Mangisi was Executive Director: Corporate Affairs until 30 June 2013. He has been a Non-executive Director of the Company since 1 July 2013. Mangisi has extensive experience in the field of management, training, human resources, communications, corporate affairs and business development. Apart from his qualifications in business management from Wits Business School, Mangisi has proven experience in leadership and mentorship. He has been a lecturer, as well as Chairman of various professional bodies and a member of various executive committees and associations. He has also been an Executive Director and Board member of ARMgold as well as an Executive Director and Board member of Harmony.

Kobus Moller

Mr. Kobus Moller is Independent Non-Executive Director of the Company. He was the Financial Director of Sanlam Limited and Sanlam Life Insurance Limited from November 2006 to September 2016. Between 1998 and October 2006, he held a number of roles within the Sanlam Group. Previously, he was the Financial Director of Impala Platinum Holdings Limited, from 1996 to 1998, and the Group Financial Manager of Gencor Limited, from 1985 to 1996. Kobus is currently a Non-executive Director of a number of Sanlam Group companies.

David Noko

Mr. David Noko is Independent Non-Executive Director of the Company. He worked for South African Breweries, Pepsi Cola International and in senior and executive roles at Air Chefs (Pty) Ltd and De Beers Consolidated Mines Ltd. Currently an Executive at AngloGold Ashanti Ltd, Mr Noko is responsible for the Group Sustainable Development portfolio. A member of the Institute of Directors, Mr Noko’s experience, qualifi cations and business acumen have seen him serve on boards of several prominent companies. He served on the boards of Royal Bafokeng Platinum Limited, Harmony Gold and AstraPak Ltd.

Rejoice Simelane

Dr. Rejoice V. Simelane, Ph.D., serves as an Independent Non-Executive Director of the Company. She commenced her career at the University of Swaziland, as a lecturer in Economics. Between 1998 and 2001, she worked at the National Department of Trade and Industry and the National Treasury. After that she served in the capacity of Special Advisor, Economics, to the then Premier of Mpumalanga until mid-2004, when she assumed the position of Chief Executive of Ubuntu-Botho Investments until 2016. Whilst she remains an Executive Director in Ubuntu-Botho Investments, she also serves as a Non-executive Director on the Board of African Rainbow Capital, a wholly owned subsidiary of Ubuntu-Botho Investments. Rejoice’s other Board directorships include Sanlam Limited, Mamelodi Sundowns Football Club, and African Rainbow Energy and Power. She is also a member of the Premier Soccer League Executive Committee. A CIDA Scholarship Recipient and a Fulbright Fellow, Rejoice was also a member of the Presidential Economic Advisory Panel under former President Mbeki until 2009 and was also on the Board of the Council for Medical Schemes from 2008 to 2011.

Z. Bernard Swanepoel

Mr. Z. Bernard Swanepoel serves as Independent Non-Executive Director of the Company. He started his career with Gengold in 1983, culminating in his appointment as General Manager of Beatrix Mines in 1993. He joined Randgold in 1995 as Managing Director of the Harmony Mine. He was appointed Chief Executive Offi cer of Harmony in 1997. In August 2007 he left Harmony to start To-the-Point Growth Specialists. Bernard is a Non-executive Board member of various companies including African Rainbow Energy & Power (Pty) Ltd, Impala Platinum Holdings Limited.

Jongisa Magagula

Basic Compensation

Name Fiscal Year Total

Patrice Motsepe

31,426,000

Michael Schmidt

23,515,000

Abigail Mukhuba

7,423,000

Thando Mkatshana

10,066,000

Andre Joubert

13,576,000

Andre Wilkens

20,684,000

Lincoln Shiels

5,081,000

Alyson D'Oyley

--

Alex Maditsi

1,831,000

Michael Arnold

496,940,000

Jan Steenkamp

843,016,000

Mmapusetso Bakane-Tuoane

1,573,000

Thomas Boardman

1,650,000

Anton Botha

1,152,000

Joaquim Chissano

1,510,000

W. Mangisi Gule

1,332,000

Kobus Moller

928,000

David Noko

431,000

Rejoice Simelane

1,446,000

Z. Bernard Swanepoel

829,000

Jongisa Magagula

--
As Of  30 Jun 2018