Anglo American Platinum completes disposal of 33% interest in the BRPM joint venture 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 completes disposal of 33% interest in the BRPM joint venture Anglo American Platinum announces that all conditions precedent to the sale and purchase agreement with Royal Bafokeng Platinum Limited ("RBPlat") and Royal Bafokeng Resources Proprietary Limited (“RBR”) have been fulfilled. The Company’s wholly-owned subsidiary, Rustenburg Platinum Mines Limited (“RPM”) has therefore completed the disposal of its 33% interest in the Bafokeng Rasimone Platinum Mine joint venture (“BRPM JV") (the "Transaction"), with effect from 11 December 2018 (“Completion Date”). Accordingly, RBR took over full ownership of the operation on the Completion Date. RPM will retain its right to purchase 50% of the BRPM JV concentrate for the life of mine, and RBPlat will retain its termination right on the remaining 50% of the concentrate every five years, with the earliest possible termination date being in August 2022. Chris Griffith, CEO of Anglo American Platinum, commented on the Transaction: “Following the sell-down of RPM’s listed interest in RBPlat earlier this year, this completes RPM’s exit from RBPlat and the BRPM JV. The completion of the sale of RPM's 33% interest in the BRPM joint venture allows Anglo American Platinum to further simplify its portfolio and focus its capital allocation into own-managed mines and projects. Importantly, RPM will retain its right to purchase 50% of the BRPM JV’s concentrate for the life of mine. The Transaction allows RBPlat to increase its attributable resource and reserve base and furthers empowerment in the PGM industry, with RBPlat fully owning and operating low cost, high quality assets with attractive growth optionality at Styldrift.” Purchase Consideration The total purchase consideration is comprised of R1.863 billion, plus an additional R315 million (approximately US$150 million in total), which equates to the repayment of RPM's contributions into the BRPM JV since announcement of the Transaction. The upfront purchase consideration was settled on the Completion Date by a cash payment by RBR of R555 million (approximately US$40 million). As outlined in the announcement made on 5 July 2018, the remaining purchase consideration will be deferred and left outstanding on loan account and escalated at a rate equivalent to RBPlat’s borrowing rate plus a premium of 2%. The deferred consideration will be paid in three equal tranches after 1.5 years, 2.5 years and 3.5 years from the Completion Date. RBPlat has the option to settle the outstanding consideration either in cash or by the issue of additional RBPlat shares to RPM at each payment date. Please also refer to the RBPlat announcement relating to the transaction dated 12 December 2018. Johannesburg, South Africa 12 December 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 global diversified mining business and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive mining operations and undeveloped resources provides the metals and minerals to meet the growing consumer-driven demands of the world’s developed and maturing economies. With our people at the heart of our business, we use innovative practices and the latest technologies to discover new resources and mine, process, 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 sustainable value that those resources represent for our shareholders, the communities and countries in which we operate and for society at large. Anglo American is re-imagining mining to improve people’s lives. www.angloamerican.com Date: 12/12/2018 08:00:00 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.