BAUBA PLATINUM LIMITED - Trading Statement

Trading Statement

Bauba Platinum Limited
Incorporated in the Republic of South Africa
(Registration number 1986/004649/06)
Share code: BAU ISIN: ZAE000145686
(‘Bauba” or “the Company”)


TRADING STATEMENT


In accordance with paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to
inform shareholders as soon as there is a reasonable degree of certainty that the results to be reported on
next will vary by more than 20% in comparison to the previous corresponding period.

Accordingly, a review of the financial results for the six month period ended 31 December 2015 by
management has indicated that the earnings per share (“EPS”) and headline earnings per share (“HEPS”)
are both expected to be between 0.36 cents and 0.84 cents, reflecting an increase of between 115% and
135% compared to the loss per share and headline loss per share of 2.4 cents for the six month period
ended 31 December 2014.

This significant increase in EPS and HEPS is mainly attributable to the start-up of the Moeijelijk chrome
project and its chrome ore sales. However, included in the EPS and HEPS calculations is an amount of
approximately R15 million due and outstanding by one of Bauba’s trade debtors. There is currently, as
regards the aforesaid quantum, an uncertainty as to both the extent and date of recovery thereof, as that
trade debtor is currently undergoing business rescue proceedings in terms of the South African Companies
Act.

The financial information on which this trading statement is based has not been reviewed or reported on by
the Company’s auditors. The Company’s interim results for the six month period ended 31 December 2015
are expected to be released on SENS on or about 31 March 2016.


Johannesburg
15 March 2016

Sponsor
Merchantec Capital

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