The listing of RBPlat represents another major milestone for Anglo Platinum Limited’s involvement in the creation of an independent, broad-based black empowered platinum producer, which will unlock value for its stakeholders through optimised extraction and growth in the platinum group metals industry.

As announced by RBPlat on 3 November 2010, the listing follows a private placement which closed on 2 November 2010 and which was strongly over-subscribed. 49,226,829 shares were placed including the over-allotment, at R60.50 per share. As a result, shares in RBPlat with a value of R2,978,223,153 were placed, representing an effective free float of 30%.

Following today’s listing, Anglo Platinum Limited, through its wholly owned subsidiary Rustenburg Platinum Mines (“RPM”), holds 12.6% of the issued share capital of RBPlat. Anglo Platinum Limited continues to own 33% of the Bafokeng Rasimone Platinum Mine (“BRPM”) joint venture directly. Anglo Platinum Limited will receive cash proceeds of R1.4 billion from the sale of shares held by RPM for the private placement.

The listing of RBPlat represents another major milestone for Anglo Platinum Limited’s involvement in the creation of an independent, broad-based black empowered platinum producer, which will unlock value for its stakeholders through optimised extraction and growth in the platinum group metals industry.

As announced by RBPlat on 3 November 2010, the listing follows a private placement which closed on 2 November 2010 and which was strongly over-subscribed. 49,226,829 shares were placed including the over-allotment, at R60.50 per share. As a result, shares in RBPlat with a value of R2,978,223,153 were placed, representing an effective free float of 30%.

Following today’s listing, Anglo Platinum Limited, through its wholly owned subsidiary Rustenburg Platinum Mines (“RPM”), holds 12.6% of the issued share capital of RBPlat. Anglo Platinum Limited continues to own 33% of the Bafokeng Rasimone Platinum Mine (“BRPM”) joint venture directly. Anglo Platinum Limited will receive cash proceeds of R1.4 billion from the sale of shares held by RPM for the private placement.

Neville Nicolau, CEO of Anglo Platinum Limited said: “This listing is a landmark transaction and marks the fulfilment of Anglo Platinum Limited’s commitment towards facilitating the creation of an independently controlled and managed, black-empowered platinum group metals producer. The listing brings further independence to the Royal Bafokeng and longevity to our partnership and we are excited about the future value creation potential of RBPlat. We wish the company and its management well for the future.”

Anglo Platinum Limited and the Royal Bafokeng Nation have a long-established, strong and successful relationship. The BRPM Mine was restructured into a 50:50 joint venture between Anglo Platinum Limited and Royal Bafokeng Holdings (“RBH”) in August 2002. The joint venture was restructured in October 2008 to transfer control and management of BRPM to the Royal Bafokeng Nation. The restructuring transaction created a NewCo which assumed control over the current and future operations of the joint venture and is controlled and independently managed by RBH. Anglo Platinum Limited exchanged 17% of its 50% interest in BRPM for an indirect interest in Newco and the parties agreed to list NewCo. The restructuring became unconditional in December 2009.

Anglo Platinum Limited continues to smelt, refine and market 100% of the PGMs from BRPM.

RBPlat is well-placed to exploit its existing assets, develop future resources and reserves and aims to leverage its key competitive strengths to enhance its market position. These are:

– RBPlat is well-positioned to capitalise on the anticipated improvement in the PGM sector’s strong supply and demand fundamentals;

– The BRPM joint venture has significant shallow, high grade and well-known reserves and resources;

– BRPM’s existing operations and planned expansion and replacement projects, in particular the Styldrift Project, are situated in the largest PGM-enriched zone in the world;

– BRPM is an established producer with a track record of attractive margin production with the opportunity to reduce unit costs;

– The company is well-positioned, with significant growth potential within its existing operations and in the surrounding area;

– The company has a focused management team and dedicated workforce with extensive experience in the platinum mining industry; and

– The support and expertise of Anglo Platinum Limited as a joint venture partner and RBH as a shareholder.