ROYAL BAFOKENG PLATINUM LIMITED - Results of the general meeting and changes to the board of directors

Results of the general meeting and changes to the board of directors

ROYAL BAFOKENG PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2008/015696/06)
JSE share code: RBP
ISIN: ZAE000149936
Company code: RBPD
Bond code: RBPCB
ISIN: ZAE000243853
(“RBPlat” or “the Company”)


RESULTS OF THE GENERAL MEETING AND CHANGES TO THE BOARD OF DIRECTORS


1. RESULTS OF THE GENERAL MEETING

The board of directors of RBPlat is pleased to advise security holders that, at the General Meeting of RBPlat
shareholders held today, 25 September 2018, all resolutions necessary to approve the acquisition by RBPlat of the
remaining 33% interest in the Bafokeng Rasimone Platinum Mine Joint Venture (“the Acquisition”), together with all
related matters as set out below, were unanimously approved by shareholders present and voting at the General
Meeting.

The results of the General Meeting are included below.

Resolutions:                                        Shares voted          Votes        Votes in           Votes
                                                                      Abstained         favour           against
                                             Number        % (a)           % (a)          % (b)            % (b)

Ordinary Resolution No. 1 – Approval      182 419 935     90.89%          0.00%*        100.00%            0.00%
of the Acquisition


Ordinary Resolution No. 2 – Approval      182 419 935     90.89%          0.00%*        100.00%            0.00%
of the Contract Mining and Sale of
Ore Agreement and termination of
the Services Agreement


Ordinary Resolution No. 3 – Approval      182 419 935     90.89%          0.00%*        100.00%            0.00%
of the Revised Disposal of
Concentrate     Agreement       and
termination of the Existing Disposal
of Concentrate Agreement

Ordinary Resolution No. 4 –               180 003 292     89.68%           1.20%        100.00%            0.00%
Appointment of Mr Gordon Leslie
Smith as a non-executive director

Ordinary Resolution No. 5 –               180 003 292     89.68%           1.20%        100.00%            0.00%
Appointment of Mr Avischen
Moodley as a non-executive director

Special Resolution No. 1 – Section 45     182 419 935      90.89%          0.00%*         100.00%             0.00%
approval

*Less than 0.01%

Notes:
   a) As a percentage of total ordinary shares in issue. The Company had 200 707 800 ordinary shares in issue as at
       the date of the General Meeting.
   b) As a percentage of shares voted.

2. CHANGES TO THE BOARD OF DIRECTORS

Security holders are hereby advised that, following the approval of Ordinary Resolutions No. 4 and 5, Mr Gordon Leslie
Smith and Mr Avischen Moodley have now been appointed as non-executives directors of RBPlat with effect from the
date on which all conditions precedent to the Acquisition have been fulfilled, save for receipt of the approval by the
Department of Mineral Resources in terms of section 11 of the Mineral and Petroleum Resources Development Act,
of the transfer of the associated mining rights to Royal Bafokeng Resources (Pty) Ltd, a wholly-owned subsidiary of the
Company (“Phase I Effective Date”).

A further announcement will be made in due course as and when the timing of the Phase I Effective Date can be
confirmed.

Johannesburg
25 September 2018



Corporate advisor and transaction sponsor                   Legal advisor
Questco (Pty) Ltd                                           Bowmans


JSE sponsor                                                 JSE debt sponsor
Merrill Lynch South Africa (Pty) Ltd                        RMB (a division of FirstRand Bank Limited)
                                                            

For further information, please contact:

Lindiwe Montshiwagae
Executive: Investor Relations
Tel: +27 (0)10 590 4510
Email: lindiwe@bafokengplatinum.co.za

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