Jubilee -operations update Jubilee Platinum Plc AIM: JLP JSE: JBL Registration number: 4459850 ISIN GB0031852162 ("Jubilee" or the “Company") Operations Update Jubilee, the AIM and JSE quoted mine-to-metal specialist, is pleased to announce that further to the release dated 27 September 2012, Power Alt (Pty) Ltd ("Power Alt") has now received approval from the National Energy Regulator of South Africa (NERSA) for the sale of electricity to South Africa’s national power generating company to commence. Sales of electricity are expected to commence on 26 October 2012. Jubilee currently has a 51% interest in power generating company Power Alt and as previously announced has entered into a process of acquiring an additional 19% interest in Power Alt. Leon Coetzer, CEO of Jubilee Platinum, commented: “Our exposure to the profitable sale of surplus power by Power Alt increases the Company's earnings potential and profitability. We are focused on growing cash flows and this is another important step, helping to underpin our growth potential.” 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 7600 1658 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 17 October 2012 Johannesburg Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 17/10/2012 08:00:00 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.