News release: Eastern Platinum Limited announces effective date of share alteration EASTERN PLATINUM LIMITED (Incorporated in Canada) (Canadian Registration number BC0722783) (South African Registration number 2007/006318/10) Share Code TSX: ELR ISIN: CA 2768551038 Share Code JSE: EPS ISIN: CA 2768551038 July 15, 2014 Trading Symbol: ELR (TSX); EPS (JSE) NEWS RELEASE EASTERN PLATINUM LIMITED ANNOUNCES EFFECTIVE DATE OF SHARE ALTERATION July 15, 2014, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the “Company”) is pleased to announce that it has received the approval of the Toronto Stock Exchange (the “TSX”) to proceed with its previously announced stock consolidation and stock split effective July 15, 2014. Shareholders on the South African sub-register of the Company are hereby advised that the stock consolidation and the stock split will be implemented on the JSE in accordance with the following timetable: Last day to trade under old ISIN Friday, 18 July 2014 Trading under new ISIN in the altered shares commences Monday, 21 July 2014 Record date Friday, 25 July 2014 Dematerialised shareholders will have their accounts at their Monday, 28 July 2014 CSDP or broker updated on New share certificates will be posted to certificated shareholders Refer to last paragraph below Pursuant to a special resolution passed by shareholders on June 12, 2014, the Company will proceed with the consolidation of its common shares on a 1,000 old for 1 new basis (the “Consolidation”). Shareholders holding less than one full share post-Consolidation are entitled to a cash payment of $0.11 (ZAR R1.04) per share of their holdings on a pre-Consolidation basis in lieu of a fractional share, such amount being equal to the average weighted trading price of the pre-Consolidated Shares on the TSX and the JSE for the ten trading days preceding the effective date of the Consolidation. Following the Consolidation, the Company will immediately complete a stock split on the basis of 1 old for 100 new, with fractional shares being rounded to the nearest whole number (the “Stock Split”). The Consolidation and Stock Split will achieve a 10 to 1 consolidation (the “Effective Consolidation”) and eliminate all of the shareholdings of less than 1,000 pre-Consolidation shares in exchange for the cash payment of $0.11 (ZAR: R1.04) per share. Effective at market opening on July 18, 2014, the Common Shares of Easplats will commence trading on the TSX on the Effective Consolidation basis. Effective at market opening on July 21, 2014, the Common Shares of Easplats will commence trading on the JSE on the Effective Consolidation basis. The Company’s CUSIP and ISIN numbers will change to 276855509 and CA2768555096, while the trading symbol will remain unchanged. Letters of transmittal will be mailed to all registered shareholders. In order to obtain their new share certificates or a cash payment as the case may be, each shareholder must complete and send the letter of transmittal along with their share certificates to the Company’s transfer agent, Computershare Investor Services Inc. (and Link Market Services in respect of shareholders on the South African sub-register), as detailed in the letter of transmittal. Shareholders who hold their shares through a broker will not be sent a letter of transmittal and will not have to follow this procedure. For further information, please contact: EASTERN PLATINUM LIMITED Ian Rozier, President and CEO +1-604-685-6851 (tel) +1-604-685-6493 (fax) info@eastplats.com www.eastplats.com JSE SPONSOR: Johan Fourie PSG Capital (Pty) Limited Email: johanf@psgcapital.com Tel: +27 21 887 9602 No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Date: 15/07/2014 04:00:00 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.