Amplats is pleased to announce that the terms of the proposed restructuring of the Amplats Group into a single listed entity have been finalised.

The unique competitive advantages of the Amplats Group are its extensive portfolio of viable mineral resources and its financial strength. The Group intends to utilize these advantages to move down the cost curve by adding to and enhancing the suite of cost competitive production sites, not only to improve margins, but also to take advantage of market opportunities for growth.

In order to achieve these objectives, the Group needs to have unconstrained choice in developing new mining projects in order of profitability and in determining the optimum production mix from its various production sites in any given circumstances. This flexibility will enable the Group to manage its asset base more effectively, so optimizing its position on the industry cost curve for the long-term benefit of all its stakeholders.

In terms of the restructuring a number of RPH shares will be exchanged for shares in Amplats, PPRust and Leplats on the basis of determined exchange ratios. Details of the restructuring, the exchange ratios and the financial effects on each of the companies are set out in the attached announcement.

Amplats’ interest in its diamond investments will be disposed of to De Beers and the Anglo American Corporation and certain of their associated companies. NM Rothschild & Son have certified that the terms of disposal of the diamond investments are fair and reasonable to shareholders.

The following advisors have certified that the restructuring and exchange ratios are fair and reasonable to shareholders; RMB Resources, Standard Corporate and Merchant Bank and Firstcorp Merchant Bank. Steffen, Robertson and Kirsten have acted as independent technical advisors

Pursuant to the restructuring, Amplats will become a wholly owned subsidiary of RPH and PPRust and Leplats will be 100% owned by Amplats and RPH. Accordingly, the listings of the shares of Amplats, PPRust and Leplats on the Johannesburg Stock Exchange (JSE) and the listing of the shares of PPRust and Leplats on the London Stock Exchange (LSE) will be terminated.

The directors of RPH and Amplats have resolved that, subject to the approval of the JSE and shareholders and the implementation of the restructuring, the name of RPH will be changed to "Anglo American Platinum Corporation Limited", which company will retain its listings on the JSE and LSE, and that of the current Amplats will be changed to "Amplats Limited" with effect from the date on which the restructuring becomes operative.

Johannesburg