Disposal of non-core assets Aquarius Platinum Limited (Incorporated in Bermuda) Registration Number: EC26290 JSE Code: AQP ISIN: BMG0440M1284 30 January 2014 Disposal of non-core assets Aquarius Platinum Limited (“Aquarius” or the “Company”) advises that it has agreed to dispose of two non- core assets that do not form part of the Group's planned production profile. The sales are subject to completion of specific conditions precedent as outlined in the summary below. Sale of Kruidfontein prospecting rights Aquarius has agreed terms to dispose of 100% of the shares held in its indirect subsidiary, C&L Mining and Resources (Pty) Limited (“C&L”) to Pilanesberg Platinum Mines (Pty) Ltd, a subsidiary of Sedibelo Platinum Mines Limited (previously Platmin Limited) for a total sale consideration of US$30 million in cash. The material asset of C&L is a prospecting right known as Kruidfontein in which C&L has a 90% economic benefit. The sale is conditional on renewal of the prospecting right and the approval in terms of Section 11 of the Mineral and Petroleum Resources Development Act 28 of 2002. These approvals are respectively required by no later (i) than the second anniversary of the signature date and (ii) the earlier of the third anniversary of the signature date and the date falling 2 years after the date of grant of the renewal. Upon completion of the sale, Aquarius will receive $16.2 million (before tax) in consideration for its economic interest in the prospecting right with the remaining $10.8 million (before tax) due to the original vendors of the right. In terms of an agreement with the original vendors of the Kruidfontein prospecting right, Aquarius may elect to retain the remaining $10.8 million (less any tax payable), in return for an issue of shares in Aquarius, of same value, at the time the sale becomes unconditional, resulting in net cash inflows of $27 million (before tax) for Aquarius. Sale of Blue Ridge & Sheba's Ridge Aquarius has agreed terms to dispose of all its indirect interests in Blue Ridge Platinum (Pty) Ltd and Sheba’s Ridge Platinum (Pty) Ltd to a consortium led by the China National Arts & Crafts (Group) Corporation for a total consideration of $37 million in cash, of which $4.3 million will be lent and advanced by Ridge Mining (Pty) Ltd to Blue Ridge for a period of 2 years from the closing date, being the date on which the last condition precedent to the sale agreement will be fulfilled. The sale agreement is subject to a number of conditions precedent, primarily: Chinese Government approvals, South Africa Competition Commission approval and a number of DMR regulatory approvals. The outside date for the fulfilment of the conditions precedent has been fixed at 30 June 2014, but may be extended if required, by agreement between the parties. For further information please contact: Jean Nel - CEO +270100012848 Willi Boehm – Company Secretary +61893675211 or visit: www.aquariusplatinum.com Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 30/01/2014 09:00:00 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.