RESTATEMENT OF RESULTS DUE TO PRO-ACTIVE MONITORING PROCESS OF THE JSE BAUBA PLATINUM LIMITED (Incorporated in the Republic of South Africa) (Registration number 1986/004649/06) Share code: BAU ISIN No: ZAE000145686 (“Bauba Platinum” or “the Company”) RESTATEMENT OF RESULTS DUE TO PRO-ACTIVE MONITORING PROCESS OF THE JSE Shareholders are advised that the restatement of the annual financial statements of the Company for the financial year ended 30 June 2011, as indicated hereunder, is necessitated as result of the pro-active monitoring process by the JSE. The pro-active monitoring process identified that the impairment of the financial assets held for sale should have been reflected in “(Loss)/Profit for the Year” rather than in “Other Comprehensive Loss” as disclosed in the Consolidated Statements of Comprehensive Income on page 22 of the annual financial statements. In line with IFRS requirements the accumulated amounts previously shown in “Other Comprehensive Income” relating to the fair value adjustment of this financial asset held for sale must be restated to “(Loss)/Profit for the Year”. Although this had no effect on the comprehensive loss for the year and the headline loss for the 2011 financial year end, the reclassification resulted in a restatement to the loss for the year and therefore the loss per share figure for the year ended 30 June 2012. The net result of this restatement is an increase in the loss per share by 17.6 cents. This restatement will be incorporated in the results for the financial year ended 30 June 2012. Below is a table reconciling the various line items affected by the restatement of the financial statements: Group Company Consolidated statement of comprehensive income Restated Previous Restated Previous (Loss) / profit for the year from continued operations (36 094) (36 094) (6 539) (6 539) Impairment of financial assets held for sale (12 417) (12 417) Reclassification adjustment of financial assets held-for sale (4 000) (4 000) Restated (Loss) / profit for the year from continued operations (52 511) (36 094) (22 956) (6 539) (Loss) / profit for the year from discontinued operations (19 615) (19 615) (256) (256) (Loss)/income for the year (72 126) (55 710) (23 212) (6 795) Other Comprehensive (loss)/income for the year Impairment of financial assets held for sale (12 417) (12 417) Reclassification adjustment of financial assets held-for sale 4 000 4 000 Comprehensive (loss)/income for the year (68 126) (68 126) (19 212) (19 212) Earnings per share Basic loss per share (cents) (76.4) (59.9) (7.3) (7.3) Johannesburg 30 August 2012 Sponsor Merchantec Capital Date: 30/08/2012 04:34:00 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.