Zimbabwe Royalty Update Aquarius Platinum Limited (Incorporated in Bermuda) Registration Number: EC26290 ISIN Code: BMG0440M1284 JSE Share Code: AQP Zimbabwe Royalty Update As previously announced, in 2013 the Government of Zimbabwe proposed an export tax on unrefined platinum, with a view to encouraging platinum mining companies to invest in smelting and refining capacity in Zimbabwe. This export tax, at a rate of 15 percent of revenue, was deferred to take effect from 1 January 2015. In the 2015 National Budget statement made in December 2014, the Minister of Finance announced that the Government had deferred the export tax on un- beneficiated platinum until 1 January 2017. However, the 2015 Finance Bill, which was gazetted on 9 January 2015, does not provide for the deferral of the tax. The platinum mining companies, represented by the Chamber of Mines, are in the process of engagement with the Government of Zimbabwe to resolve the matter. Aquarius and Mimosa are hopeful that the matter will be resolved and remains committed to building good working relations with the Government of Zimbabwe. For further information please contact: In Australia: Willi Boehm Aquarius Platinum Corporate Services Pty Ltd +61 8 9367 5211 In South Africa: Jean Nel Aquarius Platinum (South Africa) (Pty) Ltd +27 12 001 2001 or visit: www.aquariusplatinum.com 30 January 2015 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 30/01/2015 08:00:00 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.