Voluntary announcment : Conclusion of definitive funding agreement for the development of The Bakubung Platinum mine WESIZWE PLATINUM LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2003/020161/06) JSE code: WEZ ISIN: ZAE000075859 ("Company" or "Wesizwe") VOLUNTARY ANNOUNCEMENT: CONCLUSION OF DEFINITIVE FUNDING AGREEMENTS FOR THE DEVELOPMENT OF THE BAKUBUNG PLATINUM MINE PROJECT Shareholders are referred to Wesizwe’s SENS announcement, dated 21 January 2013 in terms of which it was inter alia announced that: - the China Development Bank (“CDB”) confirmed its US$650 million loan funding for the Bakubung Platinum Mine project (“the Project Loan”), subject to the finalisation of outstanding conditions precedent (“Funding Conditions”) and conclusion of definitive loan agreements (“the Funding Agreements”); and - in anticipation of the Project Loan, two separate US$100m short-term loan contracts were concluded in December 2012 and which will be refunded in part by the Project Loan. The above funding arrangements are pursuant to the terms and conditions of investment entered into between Wesizwe and China- Africa Jinchuan Investments (Pty) Limited (“Jinchuan”) and in accordance to the subscription agreement signed between the Jinchuan and the Company in May 2011 (“the Subscription Agreements”). A specific provision of the Subscription Agreements required that Jinchuan will secure the provision of an US$650 million debt facility to the Company. Further to the above, the board of directors are pleased to announce that the Funding Conditions have been finalised and definitive Funding Agreements were duly concluded on 31 December 2013. In terms of the Funding Agreements, the CDB have made available to Wesizwe a loan facility the basic terms of which are: - a 15 year facility with a total capital commitment of US$650 million; - the capital portion repayment only to commence after 6 years (i.e. a repayment holiday of 6 years) from first drawdown; and - interest payable will be 6 month LIBOR plus 3.5%. Following the conclusion of the Funding Agreements, Mr Jianke Gao, Chief Executive Officer of Wesizwe, said: “We are very pleased to announce the conclusion of the funding agreements, on what we believe to be very favourable terms. This is a special day for Wesizwe. The funding facility, together with the fact that we have made tremendous progress on the project to date, effectively de-risks the project significantly. Going forward, the project is now entering a very productive period in its life and we anticipate that further value will be unlocked for Wesizwe shareholders during this exciting time.“ For more information contact: Paul Smith Mr Hamlet Morule Chief Operating Officer Executive: Corporate Affairs and Wesizwe Platinum Limited Investor Relations Tel: 011 994 4600 Wesizwe Platinum Limited Email: paul.smith@wesizwe.com Telephone: 011 994 4600 www.wesizwe.com Email: Hamlet@wesizwe.com www.wesizwe.com Johannesburg 31 December 2013 Sponsor: PSG Capital Proprietary Limited Date: 31/12/2013 08:10:00 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.