ROYAL BAFOKENG PLATINUM LIMITED - Closing of the Maseve Plant Transaction

Closing of the Maseve Plant Transaction

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

CLOSING OF THE MASEVE PLANT TRANSACTION

Shareholders are referred to various announcements released by the Company on the Securities
Exchange News Service, including the full terms announcement dated 6 September 2017, together
with the circular posted to shareholders on 2 November 2017, in terms of which RBPlat advised
shareholders that it had concluded agreements with Platinum Group Metals (RSA) Proprietary Limited,
pursuant to which RBPlat will, subject to the fulfilment or, where possible, waiver, of certain
conditions precedent, acquire –

  (i)   the concentrator plant and certain surface assets of Maseve Investments 11 Proprietary
        Limited (the “Plant Assets”) (“Maseve”) for an aggregate consideration equal to the ZAR
        equivalent of USD58 million (the “Plant Transaction”); and
 (ii)   100% of the shares in and shareholder claims owing by Maseve for an aggregate consideration
        equal to the ZAR equivalent of USD12 million (the “Share Transaction”).

The board of directors of RBPlat is pleased to advise shareholders that all remaining conditions
precedent to the Plant Transaction have now been fulfilled and/or waived to the satisfaction of RBPlat.
The Plant Assets will transfer to Royal Bafokeng Resources Proprietary Limited (“RBR”), a wholly
owned subsidiary of RBPlat, on the date on which certain formalities are completed, including, in the
case of the applicable surface rights, the registration of such transfer in the name of RBR at the deeds
office.

The Share Transaction remains subject to, inter alia, the Department of Mineral Resources granting
its approval to the transaction, under section 11 of the Mineral and Petroleum Resources
Development Act.


Johannesburg
14 February 2018


Corporate advisor and transaction sponsor
Questco (Pty) Ltd

                                                                                                     1
Legal advisor
Bowmans


JSE sponsor
Merrill Lynch South Africa (Pty) Ltd


For further information, please contact:

Lindiwe Montshiwagae
Executive: Investor Relations
Tel: +27 (0)10 590 4517
Email: lindiwe@bafokengplatinum.co.za




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