High Court Sets Aside Grant of Chrome-Ore Mining Right to Samancor Bauba Platinum Limited Incorporated in the Republic of South Africa (Registration number 1986/004649/06) Share code: BAU ISIN: ZAE000145686 ("Bauba" or “the Company”) HIGH COURT SETS ASIDE GRANT OF CHROME-ORE MINING RIGHT TO SAMANCOR Shareholders are advised that on 16 November 2018 the Company won a litigious dispute against Samancor Chrome Limited (“Samancor”), including the costs of three Counsel. The High Court of South Africa (Gauteng Division, Pretoria) (“High Court”) has set aside the grant of a chrome-ore mining right to Samancor by the Minister of Mineral Resources (“Minister”) in respect of the farms Wintersveld 417KS, Jagdlust 418KS and Zeekoegat 421KS (“Properties”), due to the lack of proper notice and consultation with interested and affected parties, as prescribed by law. The interested and affected parties of whom Samancor failed to notify and consult were, inter alia, the occupiers of the Properties of whom included local communities. As background, Samancor initially applied for the chrome-ore mining right in November 2011. The application was initially refused by the Director General (“DG”) of the DMR due to the lack of proper notification and consultation with interested and affected parties. Pursuant to the DG’s refusal of Samancor’s mining right, the Proprieties become open for application. Accordingly, Bauba (through a wholly-owned subsidiary) lodged an application for a prospecting right over the farm Zeekoegat 421KS in June 2016. Bauba’s application was accepted by the DMR. However, Samancor soon thereafter appealed the DG’s refusal of its mining right to the Minister who in turn upheld its appeal and granted the mining right to Samancor. It is the grant of this chrome-ore mining right by the Minister which the High Court has now set aside. In setting aside the Minister’s decision to grant Samancor the mining right and remitting it back to the Minister for reconsideration, the High Court concluded that there indeed was inadequate notification and inadequate consultation with interested and affected parties and consequently has directed the Minister to reconsider Samancor’s application and to give proper weight and consideration to Samancor’s failure to adequately notify and consult with interested and affected parties. Samancor has requested written reasons for the decision from the High Court and that should be furnished shortly. Samancor may apply for leave to appeal and this process (and any appeal) will be finalised in the ordinary course. If the High Court or the Minister uphold the DG’s refusal of Samancor’s application for a mining right, then Bauba’s application for a prospecting right will be next in line for consideration by the DMR. Bauba is confident that its application will be considered favorably. This chrome-ore asset is valuable to Bauba due to the size of the underground and opencast LG6 resource and its close proximity to our Moeijelijk Mine, being approximately 13km north on the regional R37 road. Johannesburg 7 December 2018 Sponsor Merchantec Capital Date: 07/12/2018 01:30:00 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.