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ROYAL BAFOKENG PLATINUM LIMITED - Notice in terms of section 45 (5) (a) of the Companies Act, 71 of 2008 (the Act) for the granting of financial ass

Release Date: 31/05/2013 08:30
Code(s): RBP     PDF:  
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Notice in terms of section 45 (5) (a) of the Companies Act, 71 of 2008 (the “Act”) for the granting of financial ass

ROYAL BAFOKENG PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/015696/06)
JSE share code: RBP ISIN: ZAE000149936
(“RBPlat” or the “company”)


Notice in terms of section 45 (5) (a) of the Companies Act, 71 of 2008 (the “Act”) for
the granting of financial assistance

Notice is hereby given in terms of section 45 (5) (a) of the Act that the Board of directors
(the “Board”) of the company at a meeting held on 28 May 2013, authorised the company
to provide financial assistance to its subsidiary companies in terms of section 45 of the
Act, pursuant to the authority granted to the Board by shareholders at the annual general
meeting of the company, held on 3 April 2012.

The Board before authorising the company to provide the financial assistance considered
and satisfied itself, in terms of section 45 of the Act, that:

- immediately after providing the financial assistance, the company would satisfy the
  solvency and liquidity test as contemplated in section 4 of the Act;

- there has been due compliance with the requirements of the company’s constitutional
  documents and with the Act; and

- the terms of the financial assistance are fair and reasonable to the company.

The approved financial assistance include guarantees on behalf of group companies and
general facilities and loans to group companies totalling up to R1 095 million. The primary
source of the approved financial assistance is the cash proceeds of approximately
R1 billion raised by the company in November 2010 during the Initial Public Offering.

The approved financial assistance will continue to be provided to group companies to
facilitate contributions mainly toward capital expenditure at the company’s Styldrift Project
in Rustenburg.

Johannesburg
31 May 2013


JSE Sponsor
Macquarie First South Capital (Pty) Limited

For further enquiries, please contact:

Lester Jooste
Company Secretary
Tel: +27 (0)10 590 4519
Email: lester@bafokengplatinum.co.za

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