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Anglo Platinum announces a material conversion of its preference shares

11 December, 2006

Anglo Platinum announces that it has received notice from Anglo South Africa Capital (Pty) Limited, a holder of 29 908 480 Anglo Platinum Convertible Perpetual Cumulative Preference Shares ("the Preference Shares") electing to convert such Preference Shares to Anglo Platinum ordinary shares in terms of the rights and privileges of the Preference Shares. The conversion process has commenced and will result in 10 369 407 Anglo Platinum ordinary shares being listed on the JSE on 22 December 2006.

Since the issue of the Preference Shares on 31 May 2004, 5 319 shares have been converted to ordinary shares and 39 994 681 Preference Shares are currently in issue. Anglo Platinum has also received notices from several other holders and is currently converting 41 369 of their Preference Shares to Anglo Platinum ordinary shares.

For further information please contact:

Trevor Raymond
+27 11 373 6462
+27 82 654 8467