Reinstatement of limited guarantee and pledge to support black economic empowerment partners of Aquarius Aquarius Platinum Limited (Incorporated in Bermuda) Registration Number: EC26290 Share Code JSE: AQP ISIN Code: BMG0440M1284 ("Aquarius") 24 May 2013 REINSTATEMENT OF LIMITED GUARANTEE AND PLEDGE TO SUPPORT BLACK ECONOMIC EMPOWERMENT PARTNERS OF AQUARIUS Shareholders are referred to the detailed announcement made on 4 October 2012 in which the Company confirmed that it had resolved to provide a limited guarantee and pledge to the financiers of Aquarius’ cornerstone BEE (Black Economic Empowerment) shareholders, being Savannah, Chuma and Malibongwe (“BEE Partners”). The Board of Aquarius took the decision to assist in preserving the BEE credentials of Aquarius. This limited guarantee and pledge was released in January 2013. Following the recent decrease in the Aquarius share price, Aquarius has agreed to reinstate the limited guarantee and pledge provided to the BEE Partners' financiers for 10.2 million shares on identical terms and conditions. The Board of Aquarius consider that it is in the interests of Aquarius, and in line with its ongoing commitment to comply with the BEE and regulatory framework in South Africa, to assist the BEE Partners to preserve their remaining shareholding in Aquarius. For further information please contact: In South Africa: Jean Nel + 27 100 012 843 In Australia: Willi Boehm +61 8 9367 5211 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 24/05/2013 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.