ANGLO AMERICAN PLAT LTD - Anglo American Platinum Update

Anglo American Platinum Update

ANGLO AMERICAN PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1946/022452/06)
Share code: AMS
ISIN: ZAE000013181

ANGLO AMERICAN PLATINUM UPDATE

Anglo American Platinum Limited (“Anglo American Platinum”) is
providing an update on the ongoing illegal industrial action
around its Rustenburg, Union and Amandelbult mining operations.

It has been five weeks since the initial safety suspension and the
subsequent illegal industrial action and despite the company’s
repeated calls for employees to return to work, attendance levels
remain below 20%. Currently the majority of the mining operations
in Rustenburg and north of Pilanesburg have insufficient staff to
operate safely and continue to carry out essential services only.

Anglo American Platinum has previously reported that it was
willing to consider bringing the wage negotiations forward to help
facilitate the return of our employees to work. The company has
resolved to commence engagements with its recognised unions,
namely, NUM, UASA, and NUMSA to explore options to facilitate the
return of employees currently involved in illegal strike action,
to work. These discussions will be done on an expedited basis.

To enable the process to proceed smoothly, the company has decided
to delay the dismissal process at Union and Amandelbult mines to
afford these negotiations every chance of success. Anglo American
Platinum confirms that while it remains our stated position that
we will not reinstate the 12000 dismissed Rustenburg employees, we
have agreed with our recognised unions that we are willing to
discuss their status as part of this engagement.

Chris Griffith, Anglo American Platinum CEO says: “We are faced
with extremely complex challenges that require innovative
solutions that will address the very real economic issues
affecting the entire Platinum industry. We believe that it is
only right for us to engage with our recognised unions and work
together to find the best way forward.”

Further updates will be provided as appropriate.

For further information, please contact:

Media:
Mpumi Sithole
Tel: +27 (0)14 591 3741
mpumi.sithole@angloamerican.com

Investors:
Kgapu Mphahlele
+27 (0) 11 373 6239
kgapu.mphahlele@angloamerican.com

Notes to editors:
Anglo American Platinum Limited is a member of the Anglo American
plc Group and is the world’s leading primary producer of platinum
group metals. The company is listed on the Johannesburg Securities
Exchange (JSE). Its mining, smelting and refining operations are
based in South Africa. Elsewhere in the world, the Group owns Unki
Platinum Mine in Zimbabwe and is actively exploring in Brazil.
Anglo American Platinum has a number of joint ventures with
several historically disadvantaged South African consortia as part
of its commitment to the transformation of the mining industry.
Anglo American Platinum is committed to the highest standards of
safety and continues to make meaningful and sustainable difference
in the development of the communities around its operations.
www.angloamericanplatinum.com

Anglo American is one of the world’s largest mining companies, is
headquartered in the UK and listed on the London and Johannesburg
stock exchanges. Anglo American’s portfolio of mining businesses
spans bulk commodities – iron ore and manganese, metallurgical
coal and thermal coal; base metals – copper and nickel; and
precious metals and minerals – in which it is a global leader in
both platinum and diamonds. Anglo American is committed to the
highest standards of safety and responsibility across all its
businesses and geographies and to making a sustainable difference
in the development of the communities around its operations. The
company’s mining operations, extensive pipeline of growth projects
and exploration activities span Southern Africa, South America,
Australia, North America, Asia and Europe. www.angloamerican.com

Johannesburg
18 October 2012

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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