Dealings in Securities by Associates of Directors Bauba Platinum Limited Incorporated in the Republic of South Africa (Registration number 1986/004649/06) Share code: BAU ISIN: ZAE000145686 ("Bauba") DEALINGS IN SECURITIES BY ASSOCIATES OF DIRECTORS In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the following is disclosed: Name of director: Dr NM Phosa Company: Bauba Platinum Limited Name of associate: Math-Pin Trust Relationship of associate to director: Dr NM Phosa is a Trustee of Math-Pin Trust Class of securities: Bauba ordinary shares Nature of transaction: Sale of shares off market Extent of director’s interest: Indirect beneficial Date of transaction: 2 May 2017 Price per security: R0.75 Number of securities: 10 000 000 Total value: R7 500 000 Name of director: King TV Thulare (alternate director to Dr NM Phosa) Company: Bauba Platinum Limited Name of associate: Hlabirwa Mining Investments Proprietary Limited Relationship of associate to director: King TV Thulare is a director of Hlabirwa Mining Investments Proprietary Limited Class of securities: Bauba ordinary shares Nature of transaction: Sale of shares off market Extent of director’s interest: Indirect beneficial Date of transaction: 2 May 2017 Price per security: R0.75 Number of securities: 10 000 000 Total value: R7 500 000 Johannesburg 3 May 2017 Sponsor Merchantec Capital Date: 03/05/2017 03:55:00 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.