Update Announcement and Renewal of Cautionary Announcement PLATFIELDS LIMITED Incorporated in the Republic of South Africa (Registration number 2002/005851/06) Share code: PLL ISIN: ZAE000151825 (“Platfields”, “the Group” or “the Company”) UPDATE ANNOUNCEMENT AND RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the renewal of cautionary announcement dated 24 August 2016 where counsel for Platfields had advised that the provisional liquidation court order was not extended and thus technically the company was not in liquidation anymore. The Company has, however, subsequently been advised that the parties must return to Court because the previous set down was in the unopposed Court. The matter is now set down for 17 October 2016. Shareholders are further advised that the Company has entered into negotiations with an interested party with regard to a co-operation agreement for the bulk sampling of the Company’s gold prospects. Notwithstanding the fact that the Company’s shares remain suspended on the JSE, shareholders are accordingly advised to continue to exercise caution when dealing in the Company’s securities until a further announcement is made. Johannesburg 5 September 2016 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 05/09/2016 04:38:00 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.