ROYAL BAFOKENG PLATINUM LIMITED - Further Extension Of Appointment Of Interim Chief Financial Officer

Further Extension Of Appointment Of Interim Chief Financial Officer

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" or the “Group”)


UPDATE: FURTHER EXTENSION OF APPOINTMENT OF INTERIM CHIEF FINANCIAL OFFICER

Shareholders are referred to the SENS announcements published on 26 September
2022 and 2 December 2022 wherein shareholders were advised that due to the
ongoing process regarding the mandatory offer (“Implats Offer”) by Impala
Platinum Holdings Limited (“Implats”), the board of directors of RBPlat (the
“Board”) resolved to pause the appointment of a full-time chief financial
officer (“CFO”) and executive director until the conclusion of the Implats Offer
and the Board has clarity on the direction of the Company. The Board,
accordingly extended the period during which Ms Rotshidzwa Manenzhe fulfils the
role of interim CFO to 30 June 2023.

Shareholders are further referred to the various SENS announcements in relation
to the Implats Offer, the last of which was published on 31 May 2023 wherein
shareholders were advised, inter alia, that the only condition precedent still
outstanding in respect of the Implats Offer are (i) the issuance by the Takeover
Regulation Panel of a compliance certificate under section 121(b) of the
Companies Act, 2008 and Regulation 102(13) of the Companies Regulations, 2011
and; (ii) approval by the JSE of the listing of the Implats Offer consideration
shares, and that Implats has extended the date set for fulfilment or waiver of
the condition precedent to 28 June 2023. Implats continues to reserve the right
to further extend these dates in its sole discretion.

Due to the ongoing Implats Offer, the Board has decided to continue to pause the
appointment of a full-time CFO and executive director until the conclusion of
the corporate action and the Board has clarity of the direction of the Company.
The Board, together with the audit and risk committee, having considered the
requirements of the Company with regards to its financial director, as well as
Ms   Manenzhe’s  familiarity   and  experience   with   the  Group’s   financial
requirements, has extended the period during which Ms Manenzhe fulfils the role
of interim CFO to 31 December 2023. The Company has obtained formal dispensation
from the JSE in this regard.

Further announcements relating to the appointment of a full-time CFO and
executive director will be published in due course.


Johannesburg
26 June 2023


JSE Sponsor
Merrill Lynch South Africa Proprietary Limited t/a BofA Securities

For further enquiries, please contact:

Lindiwe Montshiwagae
Email: lindiwe@bafokengplatinum.co.za
Tel: +27(0)10 590 4510
M: +27(0)82 920 7803

Thandeka Mthembu
Email: thandekam@bafokengplatinum.co.za
Tel: +27(0)10 590 4510
M: +27(0)72 674 9601

Date: 26-06-2023 05:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.