Conditions fulfilment date set for transaction with Sibanye and timetable of transaction events Aquarius Platinum Limited (Incorporated in Bermuda) Registration Number: EC26290 ISIN Code: BMG0440M1284 JSE Share Code: AQP CONDITIONS FULFILMENT DATE SET FOR TRANSACTION WITH SIBANYE AND TIMETABLE OF TRANSACTION EVENTS Conditions Fulfilment Date Aquarius Platinum Limited (Aquarius) refers to its announcement last week in relation to the proposed transaction with Sibanye Gold Limited (Sibanye). In accordance with the Implementation Agreement signed in October 2015, Aquarius and Sibanye have now agreed that the Conditions Fulfilment Date will be set as Thursday, 24 March 2016. On the Conditions Fulfilment Date, the parties will confirm that all of the conditions required for the transaction to proceed have been satisfied and exchange executed copies of the Amalgamation Agreement, as well as other documentation required for the transaction to become effective. Timetable of Transaction Events Aquarius will release a further announcement in due course detailing the timetable of events leading up to completion of the transaction and payment to Aquarius shareholders. For further information please contact: In Australia: Willi Boehm Aquarius Platinum Corporate Services Pty Ltd +61 (0) 8 9367 5211 In South Africa: Jean Nel Aquarius Platinum (South Africa) (Pty) Ltd +27 (0) 10 001 2848 or visit: www.aquariusplatinum.com 22 March 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 22/03/2016 10:00:00 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.