JUBILEE PLATINUM PLC - Share issue to convert loan notes and settlement of former director remuneration

Share issue to convert loan notes and settlement of former director remuneration

Jubilee Platinum PLC
("Jubilee" or the "Company” or the “Group”)
Registration number (4459850)
AltX share code: JBL
AIM share code: JLP
ISIN: GB0031852162


   Share issue to convert loan notes and settlement of former director remuneration

Jubilee, the AIM quoted and ALTx quoted Mine-to-Metals specialist, announces that it has
received a notice of exercise by Darwin Strategic Limited (“Darwin”) to convert a further
£450,000 (total conversion to date equal to 48% of Loan Notes) of Darwin’s £1.85 million
Convertible Loan Notes (“Loan Notes”) (as announced on 23 December 2013) into equity at
a gross conversion price of 1.82967 pence per share. A total of 24,594,567 new ordinary
shares will be issued to Darwin (the “Conversion Shares”) pursuant to the notice.

Jubilee is also issuing 1 803 669 ordinary shares (“Settlement Shares”) in terms of a
settlement agreement with its former Finance Director, Eduard Victor. The shares are issued
a price of 2.25 pence (41.27 cents), being the closing price of Jubilee’s ordinary shares on 13
February 2014, to settle Mr Victor’s outstanding director’s remuneration of £40 583 (ZAR
653 064).

Application is in the process of being made by Jubilee for the Conversion Shares and the
Settlement Shares (in aggregate 26,398,236 new ordinary shares) to be admitted to trading
on AIM and listed on the ALTx of the JSE Limited, which is expected to take place on or
about 20 February 2014. The Conversion Shares will rank pari passu in all respects with all
existing ordinary shares in the Company.

Following admission of the Conversion Shares and the Settlement Shares, the Company’s
total issued share capital will comprise 436 257 616 ordinary shares.


14 February 2014

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
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

Bishopsgate Communications Ltd
Nick Rome/Anna Michniewicz
Tel +44 (0) 20 7107 1890

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