Jubilee receives cash for MIddleburg operations Jubilee Platinum PLC Registration number (4459850) AltX share code: JBL AIM share code: JLP ISIN: GB0031852162 ("Jubilee" or the "Company”) Jubilee Receives Cash Consideration For Disposal Of Middelburg Operations Highlights * Disposal of Middelburg Operations for R110.5 million (GBP5.42 million) Concluded * Cash Consideration Received Jubilee, the Mine-to-Metals company, is pleased to announce that, further to the announcement dated 1 October 2015, relating to the disposal of 100% of the issued shares in Jubilee Smelting and Refining Proprietary Limited (“JSR”), and 70% of the issued shares in Power Alt Proprietary Limited (“PA”)(“Disposal”) for a total cash consideration of ZAR 110.5 million (GBP 5.42 million) to Siyanda Resources Proprietary Limited (“Siyanda”) acting though Main Street 1347 Proprietary Limited, 85% of the cash consideration has been received by Jubilee. The remaining 15% is held in escrow pending release following two warranty periods as follows; a further 10% released from escrow after 90 days and remaining 5% released after 12 months. Ownership and associated risk of the Middelburg Operations passed to Siyanda on 30 September 2015. Leon Coetzer CEO said: “Receipt of the cash payment for the transfer of ownership and related risks of the Middelburg operations now concludes the Disposal. The proceeds from the Disposal together with debt funding being concluded with a major institution and, for which credit committee approval has already been secured, will be used for the simultaneous execution of our two platinum surface projects. Jubilee is now set to becoming a fully operational platinum producer in 2016 on the back of two robust surface platinum projects offering significant earnings potential to the Company. 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 Brokers Beaufort Securities Limited Elliot Hance/Jon Belliss Tel +44 (0) 20 7382 8300 JSE Sponsor Sasfin Capital, a division of Sasfin Bank Limited Sharon Owens Tel +27 (0) 11 809 7500 9 October 2015 Date: 09/10/2015 01:21:00 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.