Trading statement for the six months ended 30 June 2015 ROYAL BAFOKENG PLATINUM LIMITED (Incorporated in the Republic of South Africa) (Registration number 2008/015696/06) JSE share code: RBP ISIN: ZAE000149936 ("RBPlat" or the "company") Trading statement for the six months ended 30 June 2015 In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from those of the previous corresponding period and can with a reasonable degree of certainty provide an estimated range with a maximum variance of 20%. RBPlat is in the process of finalising its financial results for the six months ended 30 June 2015. The company advises that it anticipates a loss per share ("LPS") and headline loss per share ("HLPS") for the six months ended 30 June 2015, to be between 52 cents and 69 cents (between negative 144.8% and 159.5%), compared to an earnings per share (“EPS”) and headline earnings per share (“HEPS”) of 116 cents for the previous corresponding period (the six months ended 30 June 2014). The expected decrease from an EPS and HEPS in 2014 to the LPS and HLPS in 2015 is primarily attributable to the following: - a lower realised revenue basket price; - the impact of a once-off current and deferred tax charge related to the settlement of a taxation dispute with SARS relating to the tax assessments for the 2008, 2009 and 2010 tax years; - reduced ounce production due to on-going and intermittent safety stoppages following the fatality during the first quarter resulting in a higher proportion of lower grade UG2 reef mining and reduced Merensky reef production; - reduced concentrator plant availability and output due to recurrent stoppages related to the increased frequency of Eskom load curtailments together with more unscheduled maintenance and repairs; and - cost increases primarily attributable to the front-end loaded nature of wage increases in terms of the 5-year wage agreement combined with above inflationary utility cost increases. Normalised EPS for the six months ended 30 June 2015, after adjusting for an additional after tax effect of amortisation and depreciation charge related to a fair value adjustment as well as the once-off tax charge related to the settlement of a taxation dispute with SARS regarding the 2008, 2009 and 2010 tax years, are anticipated to be between 4 cents and 21 cents (between 97.0% and 84.2% lower) compared to Normalised EPS of 133 cents for the previous corresponding period. The information set out in this announcement has not yet been reviewed and reported on by the company's external auditors. RBPlat expects to release its interim results on or about 4 August 2015. Johannesburg 13 July 2015 JSE Sponsor: Merrill Lynch South Africa Proprietary Limited For further information, please contact: Lindiwe Montshiwagae Investor Relations Manager Tel: +27 (0)10 590 4517 Mobile: +27 (0)82 920 7803 Date: 13/07/2015 11:30:00 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.