KEY FEATURES

• Improved safety performance at managed operations with LTIFR decreasing by 25% year on year to 1.10 from 1.47 per 200 000 hours worked achieved in 1Q 2012. Regrettably, 1 employee lost his life in 1Q 2013
• Group equivalent refined platinum production was down 2% year on year to 583 koz due to the intermittent illegal industrial action during the quarter
• Equivalent refined platinum production from own operations down 6% year on year mainly due to intermittent illegal industrial action and lower production at Unki mine Equivalent refined platinum production from joint ventures and associates was up 3% year on year to 174 koz due to higher production volumes across all mines, offsetting the suspension of non-managed pooled and shared mine at Marikana in 2Q 2012
• Refined platinum production increased by 9% year on year to 439 koz due to impact of the prolonged converting plant shutdown in 1Q 2012
• Labour productivity up 3% year on year to 6.28m² per operating employee due to improved productivity and reduced safety stoppages

REVIEW OF THE QUARTER

Group equivalent refined platinum production (equivalent ounces are mined ounces expressed as refined ounces) for the first quarter of 2013 decreased by 2% year on year to 583 koz from 593 koz during the first quarter of 2012 due to the intermittent illegal industrial actions at our underground mines in South Africa and lower production at Unki mine.

Equivalent refined platinum production from own operations was 390 koz, down 23 koz or 6% year on year mainly due to the intermittent illegal industrial actions at Rustenburg (Bathopele, Khuseleka, Khomanani, Siphumelele, and Thembelani), Union (North and South) and Amandelbult (Tumela and Dishaba) mining operations. Anglo American Platinum lost approximately 16 koz of equivalent refined platinum production during the first quarter of 2013 as result of this illegal industrial action.

Equivalent refined platinum production at Rustenburg mines was flat year on year while output from Amandelbult and Union mines decreased by 15 koz or 16% and 8 koz or 14% year on year respectively. Unki mine’s equivalent refined platinum production decreased by 4 koz or 22% year on year due to lower head grade and decline in tonnes milled as a result of a depletion of pre-production stockpiles. This was partly offset by a 4 koz or 31% increase in production at Western Limb Tailings Retreatment (WLTR) largely driven by improved head grades and recoveries. Mogalakwena mine output was 87 koz of equivalent refined platinum, up 1 koz or 1% year on year due to higher throughput at the concentrators.

Equivalent refined platinum production from joint ventures and associates, inclusive of both mined and purchased production, was up 5 koz or 3% year on year to 174 koz during the first quarter of 2013. Equivalent refined platinum production in the first quarter of 2012 included 16 koz from Marikana which was placed on care and maintenance in June 2012; on a comparative basis, excluding Marikana, operating mines improved production by 21 koz or 14% year on year. This was due to higher production volumes across all mines. Equivalent refined platinum ounces purchased from third parties increased by 7 koz or 58% year on year from 12 koz to 19 koz in the first quarter of 2013.

Refined platinum production at 439 koz, increased by 9% year on year due to impact of the prolonged converting plant shutdown in 1Q 2012. Refined production of palladium and rhodium increased by 12% and 6% respectively, while nickel decreased by 30%. Palladium and rhodium variances are a result of a different source mix from operations and different pipeline processing times for each metal. Nickel production was impacted by an extended base metal refinery shutdown, timed to coincide with a major Eskom shutdown, and additional delays were experienced with starting nickelic hydroxide production following the shutdown in February 2013. The base metals refinery was, however, running steadily by the end of the quarter as these matters had been resolved.

GUIDANCE FOR THE REMAINDER OF 2013

Despite the uncertain outlook for global economic growth, Anglo American Platinum believes that the global platinum market is likely to be balanced in 2013 as result of reduced production by Anglo American Platinum and possible supply disruptions. If South African platinum production returns to pre-strike levels, then the market would be oversupplied. Anglo American Platinum is expected to refine and sell between 2.2 and 2.3 million ounces of platinum in 2013, subject to portfolio review implementation.

Anglo American Platinum’s cash unit costs target is approximately R16,500 per equivalent refined platinum ounce for 2013. This unit cost target is based on an expected production level of 2.3 million ounces of platinum.

Anglo American Platinum incurred R1.06 billion of capital expenditure (excluding capitalised interest) during the quarter. Anglo American Platinum remains on track to incur capital expenditure of between R6 and R7 billion for the year.

Anglo American Platinum and the Department of Mineral Resources (DMR) have been engaged in a bilateral consultation process for the implementation of the portfolio review proposals. The parties have extended the consultation process for a further 30 days until 30 April 2013 to allow sufficient time for the conclusion of the process. Anglo American Platinum and the DMR will make a requisite announcement on the outcome of the consultation process at the appropriate time.

Anglo American Platinum is committed to the highest standards of safety and continues to make a meaningful and sustainable difference in the development of the communities around its operations.

Any reference to future financial performance, included in this announcement, has not been reviewed or reported on by the Company’s auditors and are not construed to be an earnings forecast.

Download Anglo American Platinum Limited Quarterly Review and Production Report for the period 01 January 2013 to 31 March 2013

Johannesburg, South Africa 19 April 2013