Timetable and details in relation to completion of transaction with Sibanye Aquarius Platinum Limited (Incorporated in Bermuda) Registration Number: EC26290 ISIN Code: BMG0440M1284 JSE Share Code: AQP TIMETABLE AND DETAILS IN RELATION TO COMPLETION OF TRANSACTION WITH SIBANYE Aquarius Platinum Limited (Aquarius) refers to its announcement of 22 March in relation to setting the Conditions Fulfilment Date for the proposed transaction with Sibanye Gold Limited (Sibanye). All the details of the proposed transaction have been set out in previous announcements released by Aquarius and in the notice of special general meeting, explanatory memorandum and independent expert’s report (Meeting Materials) which were released on 14 December 2015. TIMETABLE Set out below is a timetable of events leading up to completion of the transaction and payment to Aquarius shareholders. Event Indicative Time / Date Conditions Fulfilment Date Thursday, 24 March 2016 Announcement of Conditions Fulfilment By 5.00pm (Bermuda time) on Thursday, 24 March 2016 Lodgement of application for delisting of Aquarius from By 5.00pm (local time for each exchange) on the ASX, JSE and LSE Tuesday, 29 March 2016 Last day to trade Aquarius shares on ASX, LSE and JSE Friday, 1 April 2016 Cessation of transfers between each branch register of 5.00pm (local time for each exchange) on Aquarius’ register of members Friday, 1 April 2016 Suspension of trading on ASX, LSE and JSE Monday, 4 April 2016 Record Date for the Amalgamation 5.00pm (local time for each exchange) on Friday, 8 April 2016 Effective Time (cancellation of Aquarius shares) 8.30am (Bermuda time) on Tuesday, 12 April 2016 Delisting of Aquarius from ASX, LSE and JSE As soon as practicable following the Effective Time Payment of consideration to Aquarius shareholders On or before Thursday, 28 April 2016 End Date under the Implementation Agreement 6 May 2016 PAYMENT TO AQUARIUS SHAREHOLDERS As noted above Aquarius shareholders will receive payment of the consideration by Thursday, 28 April 2016. As set out in the Meeting Materials, Aquarius shareholders will receive the consideration, being USD0.195 (in the equivalent of local currency) in cash, without interest, for each Aquarius share that they own. Shareholders will receive payment in the currency of the country of the relevant branch register on which such shareholders’ shares are registered, converted at the prevailing spot exchange rate on the Record Date (being Friday 8 April 2016). For illustrative purposes only, as at the date of this announcement, the consideration of USD0.195 would be equivalent to GBP0.14, AUD0.26 and ZAR2.97 per Aquarius share, based on the closing prices and spot exchange rates on 22 March 2016. END DATE In accordance with the Implementation Agreement, the End Date was 6 April 2016. As the Effective Time is not scheduled to occur until after this time, the parties agreed to extend the End Date to 6 May 2016. 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 23 March 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 23/03/2016 10:40:00 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.