Hernic Operations Update for October 2017 Jubilee Platinum Plc (“Registration number: 4459850”) AIM share code: JLP AltX share code: JBL ISIN: GB0031852162 (“Jubilee” or “the Company”) Hernic Operations Update for October 2017 Highlights The Hernic PGM Project continues to step up production reaching 45 596 tonnes processed for October 2017 PGM(1) ounces production increased by 22 % month-on-month to 1 427 ounces Project revenue(2) increased by 18 % month-on-month to GBP 0.76 million (22 % to ZAR 13.77)(3) Project earnings(4) increased by 47 % month-on-month to GBP 0.37 million (52 % to ZAR 6.65 million) Unit cost per PGM ounce produced continues to reduce achieving USD 406 1 = Precious Group Metals (platinum, palladium, rhodium, iridium, ruthenium, and gold) 2= Revenue from the current project phase - 100% attributable to Jubilee until full capital recovery. Revenue is projected based on latest average PGM market prices and USD exchange rates and results are only final once final Quotational Period has passed 3= Average monthly conversion rates used 4= Project Earnings include all incurred operational costs including management services and mineral royalties CEO, Leon Coetzer, commented: “The Hernic project continues to deliver excellent results as we step up the throughput during the final optimisation of the operation. Our October results illustrate the significant improvement in operational performance during this optimisation phase which we expect to continue over the next quarter. I am particularly delighted by the earnings margin that the project is already achieving with a unit cost of only USD 406 making the Hernic project one of the lowest cost PGM producers in the industry.” HERNIC OVERVIEW The Hernic operations’ performance improved significantly, which is in-line with the current focus on process optimisation as part of the final phase of the project execution. As stated previously we expected a further step increase in operational performance during Q4 2017 with the increase in feed material to the processing plant. The October results confirm this continued step improvement for Q4 2017 with a 22% increase in PGM ounce production resulting in a project unit cost per PGM ounce produced of USD 406. The table below presents the comparative performance of the Hernic operation for Q3 2017 and the month of October 2017: Jubilee Jubilee Tailings PGM Project Project Project Project Unit cost / attributable attributable processed ounces revenue 1 revenue2 earnings3 earnings PGM oz earnings earnings tonnes delivered (GBP'000) (ZAR'000) (GBP'000) (ZAR'000) (USD) (GBP'000) (ZAR'000) Jul-17 34 823 792 365 6.226 50 868 50 868 516 Aug-17 33 057 911 528 9.055 195 3.340 195 3.340 474 Sep-17 37 793 1 171 646 11.300 251 4.384 251 4.384 449 Total Q3 105 673 2 874 1.539 26.581 496 8.592 496 8.592 476 2017 Oct-17 45 596 1 427 763 13.771 368 6.647 368 6.647 406 1= Revenue from the current project phase - 100% attributable to Jubilee until full capital recovery. Revenue is projected based on latest average PGM market prices and USD exchange rates and results are only final once final Quotational Period has passed 2= Average monthly conversion rates used 3= Project Earnings include all incurred operational costs including management services and mineral royalties This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The financial information in this announcement is unaudited. United Kingdom 20 November 2017 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 member of the Sasfin group) Sharon Owens Tel +27 (0)11 809 7500 Nominated Adviser SPARK Advisory Partners Limited Mark Brady/Andrew Emmott Tel: +44 (0)203 368 3551 Broker Beaufort Securities Limited Jon Belliss Tel: +44 (0) 20 7382 8300 Date: 20/11/2017 09:00:00 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.