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: 10 April 2018 Price per security: R0.73 Number of securities: 5 000 000 Total value: R3 650 000 Name of director: NPJ van der Hoven and NW van der Hoven Company: Bauba Platinum Limited Name of associate: The Kumane Trust Relationship of associate to director: NPJ van der Hoven and NW van der Hoven are Trustees of The Kumane Trust Class of securities: Bauba ordinary shares Nature of transaction: Purchase of shares off market Extent of directors’ interest: Indirect beneficial Date of transaction: 10 April 2018 Price per security: R0.73 Number of securities: 5 000 000 Total value: R3 650 000 Johannesburg 11 April 2018 Sponsor Merchantec Capital Date: 11/04/2018 01:35:00 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.