Trading Statement for the six months ended 30 June 2018 ROYAL BAFOKENG PLATINUM LIMITED (Incorporated in the Republic of South Africa) (Registration number 2008/015696/06) Company code: RBPD Bond code: RBPCB ISIN: ZAE000243853 JSE share code: RBP ISIN: ZAE000149936 ("RBPlat" or the "company") Trading statement for the six months ended 30 June 2018 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 six months ended 30 June 2018. Notwithstanding an approximately 7% increase in total ounce production (including Styldrift on-reef development ounces), the revenue-accounted ounce production from BRPM was approximately 8% down on the previous corresponding period, primarily due to the closure of non-profitable UG2 production at BRPM’s South shaft. This reduction was more than off-set by an approximately 6% reduction in BRPM’s cash operating costs combined with an estimated 13% improvement in the revenue basket price achieved. Earnings were however negatively affected by the following items: • R25.9 million impairment of feasibility study costs previously capitalised in respect of the Styldrift 100ktpm concentrator plant originally envisaged to be built as an addition to the BRPM concentrator plant; and • R20.5 million care and maintenance and operational readiness costs in respect of the newly acquired Maseve concentrator plant and mine in anticipation of the plant commissioning and ramping up in the second half of 2018. The company advises that it anticipates a loss per share ("LPS") for the six months ended 30 June 2018, of between 13.5 cents and 10.5 cents (representing an improvement of between 10% and 30%), compared to a LPS of 15 cents for the previous corresponding period (the six months ended 30 June 2017). A headline loss per share (“HLPS”) of between 7.5 cents and 4.5 cents (representing an improvement of between 51% and 70.6%) is anticipated, compared to a HLPS of 15.3 cents for the previous corresponding period. 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 interim results on or about 6 August 2018. Johannesburg 26 July 2018 JSE Sponsor Merrill Lynch South Africa Proprietary Limited For further information, please contact: Lindiwe Montshiwagae Executive: Investor Relations Tel: +27 (0)10 590 4517 Mobile: +27 (0)82 920 7803 Date: 26/07/2018 08:33:00 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.