Partial withdrawal of cautionary announcement, new cautionary announcement and renewal of cautionary announcement PLATFIELDS LIMITED Incorporated in the Republic of South Africa (Registration number 2002/005851/06) Share code: PLL ISIN: ZAE000151825 (“the Company”) PARTIAL WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT, NEW CAUTIONARY ANNOUNCEMENT AND RENEWAL OF CAUTIONARY ANNOUNCEMENT INTRODUCTION Shareholders are referred to the previous cautionary announcements dated 30 May 2014, 2 June 2014, 11 July 2014, 22 August 2014, 6 October 2014, 17 November 2014, 2 January 2015, 13 February 2015, 27 March 2015, 14 May 2015, 25 June 2015 and 6 August 2015 respectively. 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. The Company is expected to announce changes to its executive management in due course. 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. In addition, the Company is exploring the disposal of one of its subsidiaries for cash. PARTIAL WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT As previously announced, the Company had been approached by a third party for the acquisition of substantial mining assets which negotiations have not proceeded. Accordingly, the cautionary announcement is withdrawn in relation to these negotiations. NEW CAUTIONARY ANNOUNCEMENT Shareholders are advised that the Company has been approached as a vehicle for a reverse listing unrelated to the mining industry, which negotiations also provide for an injection of funds to regularise the compliance requirements of the Company, and the unbundling of the mining assets to existing Platfields shareholders. The potential unbundling of the mining assets will result in these assets no longer being listed on the JSE. Shareholders are also advised that the Company’s administrative offices have been closed for operations. The Company has also received notice from their Executive Directors that they will be tendering their resignations at the next annual general meeting. RENEWAL OF CAUTIONARY Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company’s securities until a further announcement is made. Johannesburg 8 September 2015 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 08/09/2015 01:39:00 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.