Update notification Jubilee Platinum PLC Registration number (4459850) AltX share code: JBL AIM share code: JLP ISIN: GB0031852162 ("Jubilee" or “Company") Update notification and Exercise of Warrants Jubilee, the AIM-quoted and AltX-listed Mine-to-Metals specialist intends to provide a comprehensive update on the commissioning progress of its chromite and PGM plant at Hernic within the following week. The current target is the circulation of fluid through the integrated chromite recovery circuit following the mechanical testing and circuit integration. The chromite recovery plant tailings provides the feed to the PGM circuit. The Company also announces that it has received notification from a warrant holder to exercise 2 300 000 existing warrants in the issued share capital of Jubilee ("the Warrant Shares") at a price of 3.159 pence (ZAR51.85 cents) per Warrant Share. The exercise of Warrant Shares amounts, in aggregate, to a cash value of GBP72, 674.25 (ZAR1, 192, 620). The Warrant Shares are expected to be admitted to trading on AIM and listed on the AltX of the JSE Limited on or about 23 January 2017 and will rank pari passu with the ordinary shares of the Company in issue. Total voting rights The Company's total issued capital, after the issue of the Warrant Shares, will be 1 020 235 361 ordinary shares. As the Company does not hold any shares in Treasury, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company following Admission. Contacts Jubilee Platinum plc Colin Bird/Leon Coetzer Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913 Andrew Sarosi Tel +44 (0)1752 221937 JSE Sponsor Sasfin Capital, a division of Sasfin Bank Limited Sharon Owens Tel +27 (0)11 809 7500 Nominated Adviser SPARK Advisory Partners Limited Sean Wyndham-Quin/Mark Brady Tel: +44 (0)203 368 3555 Broker Beaufort Securities Limited Jon Belliss Tel: +44 (0) 20 7382 8300 17 January 2017 United Kingdom Date: 17/01/2017 03:00:00 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.