Trading Statement for the Six Months Ended 30 June 2017 ROYAL BAFOKENG PLATINUM LIMITED (Incorporated in the Republic of South Africa) (Registration number 2008/015696/06) JSE share code: RBP ISIN: ZAE000149936 ("RBPlat" or the "company") Trading statement for the six months ended 30 June 2017 In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from those of the previous corresponding period and can with a reasonable degree of certainty provide an estimated range with a maximum variance of 20%. RBPlat is in the process of finalising its financial results for the six months ended 30 June 2017. The company advises that it anticipates a loss per share ("LPS") and headline loss per share ("HLPS") for the six months ended 30 June 2017, to be between 20 cents and 12 cents (between 125.7% and 115.3% lower), compared to earnings per share (“EPS”) of 78.2 cents and headline earnings per share (“HEPS”) of 77.8 cents for the previous corresponding period (the six months ended 30 June 2016). Notwithstanding a 7% increase in revenue-accounted ounce production from BRPM and a less than 1% increase in cash unit costs compared to the previous corresponding period, the 2016 EPS and HEPS regressed into a LPS and HLPS for the current period primarily as a result of the following: * a 10% reduction in the realised revenue basket price; and * the impact of a once-off restructuring charge to the consolidated interim statement of comprehensive income The information set out in this announcement has not yet been reviewed and reported on by the company's external auditors. RBPlat expects to release its interim results on or about 1 August 2017. Johannesburg 13 July 2017 JSE Sponsor Merrill Lynch South Africa Proprietary Limited For further information, please contact: Lindiwe Montshiwagae Executive: Investor Relations Tel: +27 (0)10 590 4517 Mobile: +27 (0)82 920 7803 Date: 13/07/2017 10:00:00 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.