JUBILEE PLATINUM PLC - Jubilee transfers ownership of Middelburg operations

Jubilee transfers ownership of Middelburg operations

Jubilee Platinum PLC
Registration number (4459850)

AltX share code: JBL

AIM share code: JLP

ISIN: GB0031852162

("Jubilee" or the "Company”)


Jubilee transfers ownership of Middelburg operations

Jubilee, the Mine-to-Metals company, is pleased to announce that, further to the
announcement dated 16 September 2015, it has formally transferred, on 30 September
2015, ownership and related risk and benefit in 100% of the issued shares in Jubilee
Smelting and Refining Proprietary Limited (“JSR”), the owner of the Middelburg Smelter and
70% of the issued shares in Power Alt Proprietary Limited (“PA”), the owner of the Power
Plant for a combined consideration of ZAR 110.5 million (approximately GB5.3 million) (the
"Disposal"). Jubilee concluded the Disposal with Siyanda Resources Proprietary Limited
(“Siyanda”) acting though Main Street 1347 Proprietary Limited -a special purpose vehicle
established for the purposes of the Disposal.

Highlights

-   Transfer of ownership completed with cash settlement on 9 October 2015

-   Jubilee retains the right to construct a 5MW platinum furnace at the Middelburg
    operations

-   Jubilee retains rights to participate in any expansion of the Power Plant

Leon Coetzer CEO said: “The transfer of ownership and related risks of the Middelburg
operations is a key milestone of the Disposal with the purchase consideration due on 9
October 2015.

“Jubilee can now fully focus on the execution of its surface platinum projects. The
addendum to the ASA platinum processing agreement (as announced on 23 September
2015) enables Jubilee to bring the project into operation much sooner than initially
scheduled.

“The Company continues on its mission to seek further low cost platinum opportunities.”

The Platinum Surface Projects target processing 80,000 tons per month of platinum-
containing surface material and delivering an estimated production of 42,000 ounces of
PGMs in concentrate per annum.


Contacts

Jubilee Platinum plc
Colin Bird/Leon Coetzer
Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913
Andrew Sarosi
Tel +44 (0) 1752 221937

Nominated Adviser
SPARK Advisory Partners Limited
Sean Wyndham–Quin
Mark Brady
Tel: +44 (0)203 368 3555

Broker
Beaufort Securities Limited
Elliot Hance
Tel +44 (0) 20 7382 8416

JSE Sponsor
Sasfin Capital
(a division of Sasfin Bank Limited)
Sharon Owens
Tel +27 (0) 11 809 7500

1 October 2015

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