AQUARIUS PLATINUM LIMITED - Conversion Rates for Payment to Aquarius Shareholders

AQUARIUS PLATINUM LIMITED

ASX, LSE & JSE

11 April 2016

CONVERSION RATES FOR PAYMENT TO AQUARIUS SHAREHOLDERS

Aquarius Platinum Limited (Aquarius) refers to its announcement of 5 April in relation to the payments to be made to Aquarius shareholders on completion of the transaction with Sibanye Gold Limited (Sibanye).

As previously announced, each Aquarius shareholder will receive payment in the currency of the country of the relevant branch register on which such shareholders’ shares are registered (ie Australian dollars (AUD), UK pounds sterling (GBP) or South African rand (ZAR)), converted at the prevailing spot exchange rate on Friday 8 April 2016 (Record Date).

Computershare Investor Services has advised Aquarius that on the Record Date the USD offer consideration was exchanged into the local relevant currencies at the following exchange rates: 1USD = GBP0.7095, AUD1.3228, and ZAR15.1983.  Based on these exchange rates, the offer consideration of USD0.195 per Aquarius share is equivalent to GBP0.138353, AUD0.257946 and ZAR2.963669.

Computershare will now remit the converted amounts to the relevant shareholders. Payments to shareholders holding their shares on the Australian and UK branch registers will be made on Friday, 15 April 2016.  Payments to shareholders holding their shares on the South African branch register will be made on Tuesday, 12 April 2016.

Aquarius will be delisted from the ASX, LSE and JSE on Wednesday, 13 April 2016.

For further information please contact:

In Australia:
Willi Boehm
Aquarius Platinum Corporate Services Pty Ltd
[phone]

In South Africa:
Jean Nel
Aquarius Platinum (South Africa) (Pty) Ltd
[phone]

or visit: http://www.aquariusplatinum.com/

REGISTERED OFFICE

Aquarius Platinum Limited - Clarendon House - 2 Church Street - Hamilton HMCX Bermuda

Email: [e-mail]

Telephone: [phone]

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