Change of Director's interest notice Aquarius Platinum Limited (Incorporated in Bermuda) Registration Number: EC26290 Share Code JSE: AQP ISIN Code: BMG0440M1284 Rule 3.19A.2 Appendix 3Y Change of Director’s Interest Notice Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 30/09/01 Amended 01/01/11 Name of entity Aquarius Platinum Limited ABN 087 577 893 We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. Name of Director Mr Jean Nel Date of last notice 2 May 2013 Part 1 - Change of director’s relevant interests in securities In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part. Direct or indirect interest Direct Nature of indirect interest - (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. Date of change 12 December 2013 No. of securities held prior to change 609,970 Class Common shares Number acquired 847,667 Number disposed - Value/Consideration 681,000 shares issued at a deemed issue Note: If consideration is non-cash, provide price of US$0.62 in accordance with the details and estimated valuation Company’s Directors and Employee’s Share Plan as approved by shareholders on 29 November 2013 (comprising 177,000 shares in lieu of salary and 504,000 shares in lieu of cash bonus). 166,667 shares for nil consideration in accordance with the Company’s Director/Employee Long Term Share Plan. No. of securities held after change 1,457,637 Nature of change 681,000 shares issued in lieu of cash salary Example: on-market trade, off-market trade, and bonuses awarded in accordance with the exercise of options, issue of securities under Company’s Directors and Employee’s Share dividend reinvestment plan, participation in Plan as approved by shareholders on 29 buy-back November 2013. 166,667 shares for nil consideration in accordance with the Company’s Director/Employee Long Term Share Plan. Part 2 – Change of director’s interests in contracts Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part. Detail of contract Agreement between the Company and Mr Nel to acquire shares in lieu of salary and cash bonuses over the 36 month period commencing 1 July 2013, as approved by shareholders on 29 November 2013. Nature of interest Right to acquire shares in lieu of salary and cash bonuses over the 36 month period commencing 1 July 2013. Name of registered holder Mr Jean Nel (if issued securities) Date of change 12 December 2013 No. and class of securities to which N/A interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Right to acquire up to 4,467,000 shares in lieu of salary and cash bonuses. Interest disposed N/A Value/Consideration Deemed issue price of US$0.62 per share. Note: If consideration is non-cash, provide details and an estimated valuation Interest after change N/A Part 3 – +Closed period Were the interests in the securities or contracts detailed No above traded during a +closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided? 12 December 2013 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 12/12/2013 10:20:00 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.