AQUARIUS PLATINUM LIMITED - Zimbabwe Royalty Update

AQUARIUS PLATINUM LIMITED

ASX, LSE & JSE

30 January 2015

Zimbabwe Royalty Update

As previously announced, in 2013 the Government of Zimbabwe proposed an export
tax on unrefined platinum, with a view to encouraging platinum mining companies
to invest in smelting and refining capacity in Zimbabwe.  This export tax, at a
rate of 15 percent of revenue, was deferred to take effect from 1 January 2015.
 In the 2015 National Budget statement made in December 2014, the Minister of
Finance announced that the Government had deferred the export tax on
un-beneficiated platinum until 1 January 2017.  However, the 2015 Finance Bill,
which was gazetted on 9 January 2015, does not provide for the deferral of the
tax.   The platinum mining companies, represented by the Chamber of Mines, are
in the process of engagement with the Government of Zimbabwe to resolve the
matter. Aquarius and Mimosa are hopeful that the matter will be resolved and
remains committed to building good working relations with the Government of
Zimbabwe.

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: 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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