JUBILEE PLATINUM PLC - Cautionary renewal and update on proposed merger

Cautionary renewal and update on proposed merger

Jubilee Platinum plc
(Registration number 4459850)
JSE share code: JBL
AIM share code: JLP
ISIN: GB0031852162
("Jubilee" or the "Company")

UPDATE REGARDING THE PROPOSED MERGER BETWEEN JUBILEE AND
PLATINUM AUSTRALIA LTD (“PLA”) AND RENEWAL OF  CAUTIONARY
ANNOUNCEMENT




Jubilee Platinum, the AIM and JSE Limited quoted mine-to-metal
specialist, is pleased to announce that, further to previously
announced cautionary announcements, the most recent of which was
announced on 5 February 2013, all transactional documents for
the proposed merger (“Merger”) by Jubilee with PLA, have been
finalised for execution save for the finalisation of the PLA
creditors’ compromise arrangements which are  expected to be
concluded within the next 72 hours. A further announcement will
be made upon completion of execution by both parties.

The projected completion date of the Merger remains unchanged
for mid-May 2013.

Shareholders are advised to continue to exercise caution when
dealing in their securities until a further detailed
announcement is made.




Contacts

Jubilee Platinum plc

Colin Bird/Leon Coetzer

Tel +44 (0) 20 7584 2155 / Tel +27 (0)11 465 1913

Andrew Sarosi
Tel +44 (0) 1752 221937

finnCap Ltd

Matthew Robinson/Ben Thompson – corporate finance

Joanna Weaving – corporate broking

Tel +44 (0) 20 7220 0500

Shore Capital Stockbrokers Limited (Joint Broker)

Jerry Keen/Edward Mansfield

Tel: +44 (0) 20 7 408 4090

Sasfin Capital

Leonard Eiser/Sharon Owens

Tel +27 (0) 11 809 7500

Bishopsgate Communications Ltd

Nick Rome/Anna Michniewicz/Ivana Petkova

Tel +44 (0) 20 7562 3350




19 February 2013

Johannesburg

Sponsor

Sasfin Capital (a division of Sasfin Bank Limited)

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