PLATFIELDS LIMITED - Quarterly update on the suspension of the Company

Quarterly update on the suspension of the Company

 PLATFIELDS LIMITED
 Incorporated in the Republic of South Africa
 (Registration number 2002/005851/06)
 Share code: PLL ISIN: ZAE000151825
 (“Platfields” or “the Company”)

 QUARTERLY UPDATE ON THE SUSPENSION OF THE COMPANY


The directors of Platfields advise that the Company remains suspended due to the requirement
to finalise and publish interim results for the six months ended 31 August 2013 and the year
ended 28 February 2014 respectively. Pursuant to the previous quarterly update, the results
for the year ended 28 February 2013 have been published. Cash flow constraints remain a
problem and are negatively impacting the Company’s ability to finalise and publish its results
as detailed above.

The company has been through a very difficult period, with attempts to secure additional
funding for the group being unsuccessful to date due, inter alia, the difficult situation in the
platinum industry. This has also impacted on potential acquisitions, which the Company has
been similarly unable to conclude thus far.

Certain of the group’s prospecting rights have lapsed subsequent to the year end and petitions
have been made to the Minister of Mineral Resources for their validity and security of tenure.

The directors wish to advise that, as announced separately, it has been approached by a third
party and has commenced negotiations for the acquisition of substantial mining assets, which
may will result in a reverse listing, a change in control and in the board as well as cash flow
being injected into the group, if successfully concluded.

Shareholders will be kept appraised of developments in due course.

Johannesburg
10 September 2014


Sponsor
Arcay Moela Sponsors Proprietary Limited

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