JUBILEE PLATINUM PLC - Clarification on certain points disclosed in announcement released earlier

Clarification on certain points disclosed in announcement released earlier

Jubilee Platinum PLC
Registration number (4459850)
JSE share code: JBL
AIM share code: JLP
ISIN: GB0031852162
("Jubilee" or the "Company")


Not for release, publication or distribution in whole or in part in,
into or from any jurisdiction where to do so would constitute a
violation of the relevant laws or regulations of such jurisdiction.


CLARIFICATION


Shareholders are referred to an announcement released on the
Securities Exchange News Service (“SENS”) of the JSE Limited (“JSE”)
and through the Regulatory News Service (”RNS”)of the London Stock
Exchange (“LSE”) on even date.


Jubilee wishes to clarify three items included in the announcement
namely:


1.   The ratio of Jubilee shares offered to PLA shareholders of 1
Jubilee share for every 2.593 PLA share, as announced, is calculated
with reference to the total shares in issue of Jubilee as of the date
of the execution of the transaction agreements and will be updated
based on the shares in issue by Jubilee at the effective date which
is anticipated to be mid-May 2013;
2.   The debt to equity conversion as stated at AU$11.1 million(£7.5
million) calculates to approximately 50% of the expected total debt
as at the effective date; and
3.   Under paragraph 3.5 exclusivity, the date referenced as 30 June
2013 should reference 31 May 2013.
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


JSE Sponsor
Sasfin Capital, a division of Sasfin Bank Limited
Angela Teeling-Smith/Sharon Owens
Tel +27 (0) 11 809 7500


NOMAD
finnCap Ltd
Matthew Robinson/Ben Thompson – corporate finance
Joanna Weaving – corporate broking
Tel +44 (0) 20 7220 0500


Shore Capital Stockbrokers Limited (Joint Broker)
Jerry Keen/Edward Mansfield
Tel: +44 (0) 20 7 408 4090


Bishopsgate Communications Ltd
Nick Rome/Anna Michniewicz/Ivana Petkova
Tel +44 (0) 20 7562 3350


Johannesburg
25 February 2013


Sponsor
Sasfin Captal (a division of Sasfin Bank Limted)

Date: 25/02/2013 04:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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