AQUARIUS PLATINUM LIMITED - Sale of Everest Mine - Update

Sale of Everest Mine - Update

        Aquarius Platinum Limited
        (Incorporated in Bermuda)
        Registration Number: EC26290
        ISIN Code: BMG0440M1284
        JSE Share Code: AQP
        
        3 March 2015


        SALE OF EVEREST MINE - UPDATE


        Aquarius Platinum Limited (AQP) announced on 10 February 2015 that its subsidiary, Aquarius
        Platinum (South Africa) (Pty) Ltd (AQPSA), has entered into an agreement to sell AQPSA's entire
        interest in the Everest mine and related mining and processing infrastructure and immovable
        properties (Everest) to Northam Platinum Limited (Northam) (together the "Disposal"), for an
        aggregate consideration of R450 million, payable in cash.

        AQP has been in discussions with the UK Listing Authority regarding the classification of the
        Disposal under Chapter 10 of the UK Listing Rules. Further to such discussions, AQP confirms that
        the transaction is a Class 2 transaction under Chapter 10 of the UK Listing Rules and will not
        require the approval of AQP's shareholders.


        For further information please contact:

        In South Africa:                                            In Australia:
        Jean Nel                                                    Willi Boehm
        Aquarius Platinum (South Africa) (Pty) Ltd                  Aquarius Platinum Corporate Services Pty Ltd
        +27 (0) 10 001 2848                                         +61 (0) 8 9367 5211

        or visit: www.aquariusplatinum.com

        Sponsor
        RAND MERCHANT BANK (a division of FirstRand Bank Limited)


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