ANGLO AMERICAN PLATINUM LIMITED - Anglo American Platinum and AMCU sign wage agreement

Anglo American Platinum and AMCU sign wage agreement

ANGLO AMERICAN PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
Share Code: AMS
ISIN: ZAE000013181
("Anglo American Platinum" or “the Company")

Anglo American Platinum and AMCU sign wage agreement

Anglo American Platinum announces that it has signed a three-year wage agreement (“the
Agreement”) with the Association of Mineworkers and Construction Union (“AMCU”), retrospectively
effective from1 July 2016. This agreement has been extended to the National Union of Mineworkers
(“NUM”), the United Association of South Africa (“UASA” – The Union) and non-union affiliated
employees in terms of section 23 of the Labour Relations Act 66 of 1995.

The Agreement includes:

    -   An annual increase of R1,000 or 7% (whichever is greater), per month in basic pay for
        bargaining unit employees for the three-year period, with increases ranging from 12.5% for
        the lowest paid employees to 7% for other bargaining unit employees in higher level bands;

    -   Living out allowances, housing rent subsidies and home ownership allowances increase by
        R120 per month for each year of the three year agreement;

    -   The employer’s medical aid contributions will increase by 6.4% from 1 January 2017 and on
        the first of January for each succeeding year of the wage agreement by 5.5%. The
        pensionable emolument bases for retirement and provident funds will increase by 6.4% from
        1 July 2016 and 5.5% for the second and third year of the agreement;

    -   The Holiday Leave Allowance (HLA) (thirteenth cheque) increases by the same percent as
        the basic wage, however off a lower base. The base will increase over the three years to end
        at the same level as the basic monthly wage at the end of the agreement period. Other
        allowances have lower increases.

The Agreement will result in an increase in the labour cost, with a cost-to-company increase of 6.71%
in year 1, 6.56% in year two and 6.96% in year three, or 6.74% on average over the three year period.

Chris Griffith, CEO of Anglo American Platinum commented:

“We are pleased to have reached agreement following a constructive and collaborative negotiation
process. The current economic environment continues to place significant pressure on platinum
mining companies, as well as mineworkers, and we are glad to have achieved an agreement that is
fair to our employees, benefiting the lowest paid workers the most with a 12.5% increase in basic pay,
while still ensuring our business remains viable for the long-term.”

Johannesburg, South Africa
28 October 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)  
 
For further information, please contact:
Investors:                                       Media:
Emma Chapman                                     Mpumi Sithole
(SA) +27 (0) 11 373 6239                         (SA) +27 (0) 11 373 6246
emma.chapman@angloamerican.com                   mpumi.sithole@angloamerican.com


Notes to editors:

Anglo American Platinum Limited is a member of the Anglo American plc Group and is the world’s
leading primary producer of platinum group metals. The company is listed on the Johannesburg
Securities Exchange (JSE). Its mining, smelting and refining operations are based in South Africa.
Elsewhere in the world, the Group owns Unki Platinum Mine in Zimbabwe. Anglo American Platinum
has a number of joint ventures with several historically disadvantaged South African consortia as part
of its commitment to the transformation of the mining industry. Anglo American Platinum is committed
to the highest standards of safety and continues to make a meaningful and sustainable difference in
the development of the communities around its operations.

www.angloamericanplatinum.com

Anglo American is a globally diversified mining business. Our portfolio of world-class competitive
mining operations and undeveloped resources provides the raw materials to meet the growing
consumer-driven demands of the world’s developed and maturing economies. Our people are at the
heart of our business. It is our people who use the latest technologies to find new resources, plan and
build our mines and who mine, process and move and market our products – from diamonds (through
De Beers) to platinum and other precious metals and copper – to our customers around the world.

As a responsible miner, we are the custodians of those precious resources. We work together with
our key partners and stakeholders to unlock the long-term value that those resources represent for
our shareholders, but also for the communities and countries in which we operate – creating
sustainable value and making a real difference.

www.angloamerican.com

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