Sharenet Sites 
Sharenet Sites
Royalty agreement with Impala Platinum Holdings Limited renegotiated
ROYAL BAFOKENG PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/015696/06)
JSE share code: RBP ISIN: ZAE000149936
("RBPlat" or the "company")
Royalty agreement with Impala Platinum Holdings Limited renegotiated
Shareholders are advised that RBPlat and Impala Platinum Holdings Limited (“Impala”) have renegotiated
the terms and conditions of the 6 and 8 shaft royalty agreement concluded in 2010 (“Royalty Agreement”).
The Royalty Agreement became effective in 2011 and affords Impala the right to mine a demarcated
southern portion of the Bafokeng Rasimone Platinum Mine Joint Venture’s (“BRPM JV”) Boschkoppie
property from Impalas’ 6 and 8 shafts in return for a royalty payment of 15% of revenue earned. Impala
bears all the mining, safety, health and environmental risks associated with mining this area.
Due to the operational challenges at Impala Rustenburg operations and the rising costs at the 6 and 8
shafts in particular, RBPlat has agreed with Impala to substitute the royalty payment of 15% of revenue
earned with a royalty payment linked to market conditions and therefore the profitability of the Impala
Rustenburg operations. In terms of the amended Royalty Agreement, Impala will pay the BRPM JV a
royalty that is based upon a factor that is linked to the Impala Rustenburg operations’ gross profit margin
with a minimum royalty payment of 5% of revenue earned and a maximum royalty payment of 25% of
revenue earned, with effect from 1 October 2013, subject to all legal agreements being concluded.
The board of RBPlat believes that the terms of the amended Royalty Agreement align the interests of the
two businesses and are therefore beneficial for the shareholders of RBPlat.
The terms and conditions of the 20 shaft royalty agreement with Impala remain unchanged at 17.5% of
revenue.
Johannesburg
8 November 2013
JSE Sponsor
Macquarie First South Capital (Pty) Limited
For further enquiries, please contact:
Lindiwe Montshiwagae
Investor Relations Manager
Tel: +27 (0)10 590 4517
Mobile: +27 (0)82 920 7803
Date: 08/11/2013 09:45:00 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.
