AQP - Aquarius Platinum Limited - Update on Zimbabwean Indigenisation process

AQP - Aquarius Platinum Limited - Update on Zimbabwean Indigenisation process   
Aquarius Platinum Limited                                                       
(Incorporated in Bermuda)                                                       
Registration Number: EC26290                                                    
Share Code JSE: AQP                                                             
ISIN Code: BMG0440M1284                                                         
UPDATE ON ZIMBABWEAN INDIGENISATION PROCESS                                     
Aquarius Platinum Limited ("Aquarius" or the "Company") today announces that    
as part of the continuing negotiations between its indirect 50% subsidiary      
Mimosa Holdings (Private) Limited ("Mimosa") and the Government of Zimbabwe     
relating to its compliance with the Zimbabwean Indigenisation Act, Mimosa       
today signed a Deed of Trust incorporating the Zvishavane Community Share       
Ownership Trust (the "Trust"). The beneficiaries of the Trust include the       
communities surrounding the Mimosa mine and the Deed of Trust is expected to    
form an integral part of the overall Indigenisation Plan being developed        
between Mimosa and the Government of Zimbabwe.                                  
The Deed of Trust coming into effect and the issuing of equity in Mimosa to     
the Trust is an indivisible part of a final Indigenisation Plan on which        
Mimosa and the Government of Zimbabwe remain in discussions. The final terms    
of the Indigenisation Plan will be announced as soon as this process is         
concluded.                                                                      
For further information please contact:                                         
In the United Kingdom                                                           
Gavin Mackay                                                                    
+44 7909 547 042                                                                
In Australia:                                                                   
Willi Boehm                                                                     
Aquarius Platinum Corporate Services                                            
+61 8 9367 5211                                                                 
In South Africa:                                                                
Stuart Murray                                                                   
+27 (0) 11 656 1140                                                             
12 December 2011                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 12/12/2011 17:29:01 Supplied by www.sharenet.co.za                     
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