AQP - Aquarius Platinum Limited - Marikana commentary

AQP - Aquarius Platinum Limited - Marikana commentary                           
Aquarius Platinum Limited                                                       
(Incorporated in Bermuda)                                                       
Registration Number: EC26290                                                    
Share Code JSE: AQP                                                             
ISIN Code: BMG0440M1284                                                         
MARIKANA COMMENTARY                                                             
Aquarius Platinum Limited advises that the partners in the Marikana Pooling &   
Sharing Agreement ("P&SA2") have agreed in principle to place the P&SA2         
operations on care and maintenance, due to the enduring low PGM basket price    
environment. This decision has been made in the interests of preserving the     
P&SA2 ore reserves until an improved economic climate merits their extraction   
in the future.                                                                  
As a result, Marikana 4 Shaft and the Marikana concentrator plant will be       
placed on care and maintenance, and the remaining management functions at       
P&SA2 will be consolidated with those of the P&SA1 at Kroondal. Preparations    
for these events have been initiated, and the required consultative processes   
will commence today.                                                            
Trading conditions in the platinum industry are expected to remain difficult    
in the short to medium term and these conditions have rendered the operations   
at the P&SA2 uneconomic.                                                        
Further updates will be released as appropriate.                                
For further information please contact:                                         
In the United Kingdom                                                           
Gavin Mackay                                                                    
+44 7909 547 042                                                                
In Australia:                          In South Africa:                         
Willi Boehm                            Stuart Murray                            
Aquarius Platinum Corporate Services   +27 (0) 12 001 2001                      
+61 8 9367 5211                                                                 
11 June 2012                                                                    
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 11/06/2012 07:48:01 Supplied by www.sharenet.co.za                     
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