ROYAL BAFOKENG PLATINUM LIMITED - RBPlat secures approval from its lenders for the requisite enlarged debt facilities

RBPlat secures approval from its lenders for the requisite enlarged debt facilities

ROYAL BAFOKENG PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2008/015696/06)
JSE share code: RBP
ISIN: ZAE000149936
Company code: RBPD
Bond code: RBPCB
ISIN: ZAE000243853
(“RBPlat” or “the Company” or “the Group”)


RBPLAT SECURES APPROVAL FROM ITS LENDERS FOR THE REQUISITE ENLARGED DEBT FACILITIES

Security holders are referred to the announcement released by the Company on SENS on 5 July 2018
in terms of which the Company advised security holders that its wholly-owned subsidiary, Royal
Bafokeng Resources Proprietary Limited (“RBR”), had entered into an agreement with Rustenburg
Platinum Mines Limited (“RPM”), a wholly-owned subsidiary of Anglo American Platinum Limited, in
terms of which RBR will acquire the balance of the 33% interest in the Bafokeng Rasimone Platinum
Mine Joint Venture (“BRPM JV”), from RPM for an aggregate purchase consideration of R1.863 billion
(“the Transaction”).

One of the conditions precedent to the Transaction is RBR receiving the necessary approval from
Nedbank Limited and FirstRand Bank Limited (trading through its Rand Merchant Bank division), in
their capacity as lenders to the Group (“the Lenders”), for the Transaction and to increase its existing
debt facilities from R2 billion (in respect of a 67% interest in the BRPM JV) to R3 billion (in respect of
the increased 100% interest in the BRPM JV) (“the Enlarged Debt”).

The board of directors of RBPlat is pleased to advise security holders that RBR has now secured the
necessary credit approval from its Lenders in respect of the Enlarged Debt.

The Transaction remains subject to the fulfilment of a number of conditions precedent including, inter
alia, the approval of the Transaction by RBPlat shareholders at the General Meeting to be held at
09h00 today, 25 September 2018, and the approval of the Transaction by the Department of Mineral
Resources in terms of section 11 of the Mineral and Petroleum Resources Development Act.


Johannesburg
25 September 2018


Corporate advisor and transaction sponsor                  Legal advisor
Questco (Pty) Ltd                                          Bowmans


JSE sponsor                                                JSE debt sponsor
Merrill Lynch South Africa (Pty) Ltd                       RMB (a division of FirstRand Bank Limited)
                                                           

For further information, please contact:
Lindiwe Montshiwagae
Executive: Investor Relations
Tel: +27 (0)10 590 4510
Email: lindiwe@bafokengplatinum.co.za




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