Aquarius provides update on Sibanye transaction Aquarius Platinum Limited (Incorporated in Bermuda) Registration Number: EC26290 JSE Code: AQP ISIN: BMG0440M1284 “Aquarius”) AQUARIUS PROVIDES UPDATE ON SIBANYE TRANSACTION Aquarius Platinum Limited (Aquarius) is pleased to provide shareholders with an update on its transaction with Sibanye Gold Limited (Sibanye), as initially announced on 6 October 2015. As previously announced, Aquarius and Sibanye entered into an implementation agreement (Implementation Agreement) under which a wholly owned subsidiary of Sibanye would, subject to the satisfaction of certain conditions, acquire all of the shares in Aquarius for cash consideration of USD0.195 for each Aquarius share (the Transaction). The Transaction is to be implemented by way of an amalgamation under Bermuda law. Significant progress has been made with respect to the Transaction over the past weeks. An update on the outstanding approvals is set out below: Aquarius shareholder approval The Transaction needs to be approved by a simple majority of votes cast by Aquarius shareholders. Shareholders will be asked to vote on the Transaction at a special general meeting anticipated to be held in January 2016 (Amalgamation Meeting). Aquarius’ 2015 annual general meeting (Annual General Meeting) will be held immediately after the Amalgamation Meeting in January 2016. Meeting materials for both the Amalgamation Meeting and the Annual General Meeting will be dispatched in December 2015 and will include an Independent Expert’s Report, opining on whether the Transaction is fair and reasonable to, and in the best interests of Aquarius shareholders. Regulatory approvals The Transaction needs the approvals of the South African Competition Commission and Competition Tribunal (Competition Approval). Competition Approval is expected to be obtained by the end of March 2016 and, subject to Aquarius shareholders approving the Transaction, completion of the Transaction should take place by the end of April 2016. REGISTERED OFFICE Aquarius Platinum Limited ? Clarendon House ? 2 Church Street ? Hamilton HMCX Bermuda Email: info@aquariusplatinum.com Telephone: +61 8 9367 5211 30 November 2015 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) 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 Date: 30/11/2015 08:00:00 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.