ANGLO AMERICAN PLATINUM LIMITED - Anglo American Platinum to complete sale of Union Mine and MASA Chrome

Anglo American Platinum to complete sale of Union Mine and MASA Chrome

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 to complete sale of Union Mine and MASA Chrome

Anglo American Platinum confirms the completion of all conditions precedent in relation to the sale (as
announced on 15 February 2017) of its 85% interest in Union Mine and its 50.1% interest in MASA
Chrome Company Proprietary Limited by its wholly owned subsidiary Rustenburg Platinum Mines
Limited to a subsidiary of Siyanda Resources Proprietary Limited (“Siyanda”) (“the Transaction”). The
effective date of completion will be 1 February 2018, when Siyanda will take over ownership, control
and management of these operations.

Disposal Proceeds

The upfront disposal proceeds of R400 million will be received in the form of cash on 1 February 2018
and used to reduce net debt and further strengthen Anglo American Platinum’s balance sheet.

In addition, a deferred consideration based on 35% of cumulative positive distributable free cash flow
will be paid annually as an earn-out for a period of ten years from the effective date of the Transaction.
The maximum cap on the deferred consideration is R6 billion. Anglo American Platinum has no
obligation to contribute towards any negative cash flow that may be generated by the assets post the
disposal.

Purchase and Toll Treatment of Concentrate

Siyanda will sell concentrate produced by Union Mine to Anglo American Platinum for a period of seven
years from the effective date of the Transaction where after Anglo American Platinum will toll treat
concentrate for the remaining life of Union Mine, both on pre-agreed commercial terms.

For further detail, please refer to the announcement released on 15 February 2017.


Chris Griffith, CEO of Anglo American Platinum commented on the Transaction:

“In addition to the sales of Pandora and Rustenburg, with the completion of Union, Anglo American
Platinum has executed a core part of its strategy of repositioning the portfolio. This Transaction will
allow us to focus on our most competitive assets, which are largely open-pit and mechanised operations
which will result in higher margin production, a smaller and more highly skilled workforce, safer
operations and a less complex organisation. Our core operations will benefit from dedicated
management attention, technical expertise as well as enabling us to focus our capital allocation.”

Lindani Mthwa, Group Chairman of Siyanda Resources commented on the transaction:

“The Union Mine and Masa Chrome operations are quality assets which have long-term potential under
Siyanda’s ownership and management. Siyanda’s management team has extensive mining experience
including experience at Union Mine. This Transaction is mutually beneficial for all parties involved and,
through our partnership with the Bakgatla-Ba-Kgafela and our employees, we believe that we will create
a sustainable future for the operation.”
Johannesburg, South Africa

26 January 2018

Sponsor
Merrill Lynch South Africa Proprietary 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 to our customers around the world.

As a responsible miner – of diamonds (through De Beers), copper, platinum and other precious metals,
iron ore, coal and nickel – we are the custodians of what are precious natural resources. We work
together with our key partners and stakeholders to unlock the long-term value that those resources
represent for our shareholders, and for the communities and countries in which we operate – creating
sustainable value and making a real difference.

www.angloamerican.com

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