Conversion rates for payment to Aquarius shareholders Aquarius Platinum Limited (Incorporated in Bermuda) Registration Number: EC26290 ISIN Code: BMG0440M1284 JSE Share Code: AQP CONVERSION RATES FOR PAYMENT TO AQUARIUS SHAREHOLDERS Aquarius Platinum Limited (Aquarius) refers to its announcement of 5 April in relation to the payments to be made to Aquarius shareholders on completion of the transaction with Sibanye Gold Limited (Sibanye). As previously announced, each Aquarius shareholder will receive payment in the currency of the country of the relevant branch register on which such shareholders’ shares are registered (ie Australian dollars (AUD), UK pounds sterling (GBP) or South African rand (ZAR)), converted at the prevailing spot exchange rate on Friday 8 April 2016 (Record Date). Computershare Investor Services has advised Aquarius that on the Record Date the USD offer consideration was exchanged into the local relevant currencies at the following exchange rates: 1USD = GBP0.7095, AUD1.3228, and ZAR15.1983. Based on these exchange rates, the offer consideration of USD0.195 per Aquarius share is equivalent to GBP0.138353, AUD0.257946 and ZAR2.963669. Computershare will now remit the converted amounts to the relevant shareholders. Payments to shareholders holding their shares on the Australian and UK branch registers will be made on Friday, 15 April 2016. Payments to shareholders holding their shares on the South African branch register will be made on Tuesday, 12 April 2016. Aquarius will be delisted from the ASX, LSE and JSE on Wednesday, 13 April 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 11 April 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 11/04/2016 09:30:00 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.