Update on acquisition - first Court hearing outcome 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. Acquisition of Platinum Australia Ltd (“PLA”) Market Update Jubilee, the JSE listed and AIM quoted Mine-to-Metals specialist, is pleased to announce the outcome of the first court hearing that took place on 20 June 2013, in Australia, required to approve the Scheme of Arrangement (“the Scheme”) for the proposed acquisition by Jubilee of PLA (the "Transaction"). Key Points: - PLA received orders from the Federal Court of Australia (“the Court”) to hold a meeting of PLA shareholders (“Scheme Meeting”) to consider and vote on the implementation of the Scheme, as announced on 14 December 2012. - The Deed Administrator and PLA Directors unanimously recommend that in the absence of a superior proposal, PLA shareholders vote in favour of the resolution to approve the Scheme at the Scheme Meeting, which is scheduled to be held on 30 July 2013. - Subject to the approval of PLA creditors of a creditor compromise agreement which will be sought in the next few weeks and the approval of the Scheme by PLA shareholders and the timely satisfaction (or waiver) of the conditions precedent, PLA and Jubilee expect the Scheme to be implemented by mid-August 2013. Leon Coetzer, CEO of Jubilee, said: “This is a significant milestone for the transaction. We are delighted that the first court hearing has now taken place and that we can focus on driving this transaction forward. The proposed enlarged entity combines shallow and at-surface mining and exploration assets together with a fully operable processing facility and smelters to create an integrated platinum company.” Contacts Jubilee Platinum plc Colin Bird Tel +44 (0) 20 7584 2155 Leon Coetzer Tel +27 (0)11 465 1913 Andrew Sarosi Tel +44 (0) 1752 221937 JSE Sponsor Sasfin Capital, a division of Sasfin Bank Limited Angela Teething-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 21 June 2013 Johannesburg Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 21/06/2013 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.