Change In Beneficial Shareholding ROYAL BAFOKENG PLATINUM LIMITED (Incorporated in the Republic of South Africa) (Registration number 2008/015696/06) JSE share code: RBP ISIN: ZAE000149936 Bond code: RBPCB ISIN: ZAE000243853 (“RBPlat” or the “Company”) CHANGE IN BENEFICIAL SHAREHOLDING In compliance with section 121(3)(b) of the Companies Act, 2008 (Act 71 of 2008) (“Companies Act”) and paragraph 3.83(b) of the Listings Requirements of the JSE Limited, shareholders are advised that RBPlat has received notification in terms of section 121(1) of the Companies Act to the effect that Royal Bafokeng Holdings Proprietary Limited (through its subsidiary, Royal Bafokeng Platinum Holdings Proprietary Limited) (“RBH”) has disposed of shares in RBPlat such that RBH, through its subsidiaries, now holds 40.2% of the ordinary share capital of the Company. As required in terms of section 121(3)(a) of the Companies Act, the Company has filed the required notice with the Takeover Regulation Panel. Shareholders are referred to the announcement released by the Company on 5 March 2019 regarding the declaration by the Company of a rights offer in terms of which the Company intends to raise R1.029 billion (“the Rights Offer”) and in terms of which the Company had advised, inter alia, that it had received irrevocable undertakings from shareholders in respect of 74.6% of the shares in the Company to follow their rights in respect of the Rights Offer, which included an irrevocable commitment by RBH to follow its rights in respect of 84 633 516 RBPlat shares. The proceeds in respect of the aforementioned disposal will accordingly be applied by RBH to fund its commitments in this regard. Johannesburg 7 March 2019 JSE sponsor Merrill Lynch South Africa (Pty) Ltd For further information, please contact: Lindiwe Montshiwagae Executive: Investor Relations Tel: +27 (0)10 590 4510 Email: lindiwe@bafokengplatinum.co.za Date: 07/03/2019 11:18:00 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.