Trading statement for the year ended 31 December 2016 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") Trading statement for the year ended 31 December 2016 In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from those of the previous corresponding period and can with a reasonable degree of certainty provide an estimated range with a maximum variance of 20%. RBPlat is in the process of finalising its financial results for the year ended 31 December 2016. The company advises that it anticipates earnings per share ("EPS") of between 81 cents and 92 cents (between 105.1% and 105.8% higher) and headline earnings per share ("HEPS") of between 80 cents and 91 cents (between 196.2% and 209.4% higher) for the year ended 31 December 2016, compared to a loss per share (“LPS”) of 1 589.2 cents and headline loss per share (“HLPS”) of 83.2 cents for the previous corresponding period (the year ended 31 December 2015). The expected increase from a LPS and HLPS in 2015 to the EPS and HEPS in 2016 is largely attributed to the net effect of a 9.8% increase in revenue, mainly as a result of a higher realised revenue basket price, combined with a nominal 0.6% increase in cost of sales. The increase in EPS and HEPS was furthermore impacted by the 2015 once-off current and deferred tax charge related to the settlement of a tax dispute with SARS relating to the 2008, 2009 and 2010 tax years and the once- off housing project tax credit accounted for during 2016. The improved earnings combined with a strong cash flow contribution from on-reef development revenue at the Styldrift I project resulted in the Group having a substantial cash balance at the end of the year. Cash preservation continues to be a priority and RBPlat remains unleveraged with a robust balance sheet which positions it well for the next phase of Styldrift I’s ramp up to a 150ktpm operation. The information set out in this announcement has not yet been reviewed and reported on by the company's external auditors. RBPlat expects to release its results for the year ended 31 December 2016 on or about 28 February 2017. Johannesburg 9 February 2017 JSE Sponsor Merrill Lynch South Africa (Pty) Ltd For further information, please contact: Lindiwe Montshiwagae Executive: Investor Relations Tel: +27 (0)10 590 4517 Mobile: +27 (0)82 920 7803 Date: 09/02/2017 09:00:00 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.