Styldrift Project Reaches 150KTPM Milestone ROYAL BAFOKENG PLATINUM LIMITED Incorporated in the Republic of South Africa) Registration number: 2008/015696/06) JSE share code: RBP ISIN: ZAE000149936 Company code: RBPD Bond code: RBPCB ISIN: ZAE000243853 (“RBPlat” or the “Company”) STYLDRIFT PROJECT REACHES 150KTPM MILESTONE RBPlat is pleased to announce the progress made in delivering against our growth strategy by achieving the 150ktpm milestone at Styldrift during the month of October. In addition to achieving the 150ktpm milestone, Silo 4 and the associated ore handling infrastructure required to sustain production above the 150ktpm has also been successfully commissioned. This combined with ongoing construction progress related to establishing 230ktpm infrastructure ensures we remain well positioned to achieve our steady state milestone of 230ktpm by the third quarter of 2020. Styldrift is a mechanised mine which provides access to a high grade, relatively shallow Merensky resource through a twin vertical shaft system and is a key part of the Company’s organic growth strategy. Johannesburg 15 November 2018 JSE Sponsor Merrill Lynch South Africa Proprietary Limited For further enquiries, please contact: Investors: Lindiwe Montshiwagae Executive: Investor Relations Tel: +27 (0)10 590 4510 E-mail: lindiwe@bafokengplatinum.co.za Date: 15/11/2018 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.