Inactive Instrument

Royal Bafokeng Platinum Limited

Equities

RBP

ZAE000149936

Royal Bafokeng Platinum : Receives Notification of Force Majeure from Anglo American Platinum Limited

March 10, 2020 at 07:24 am EDT

ROYAL BAFOKENG PLATINUM LIMITED (Incorporated in the Republic of South Africa) (Registration number 2008/015696/06)

JSE share code: RBP ISIN: ZAE000149936

JSE bond code: RBPCB ISIN: ZAE000243853 ("RBPlat" or the "Company")

RBPlat receives notification of force majeure from Anglo American Platinum Limited

Royal Bafokeng Platinum Limited (RBPlat) notes the announcement by Anglo American Platinum Limited (Amplats) on Friday, 6 March 2020 regarding the temporary shutdown of the Anglo Converter Plant (ACP) and confirms that written notification has been delivered claiming force majeure under the Disposal of Concentrate Agreement (DOCA) between Royal Bafokeng Resources Proprietary Limited (RBR), a wholly owned subsidiary of RBPlat, and Rustenburg Platinum Mines Limited (RPM), a wholly owned subsidiary of Amplats.

In the notification, Amplats claimed that the ACP would be unavailable during repair works to fix the phase B unit which Amplats anticipated would take approximately 80 days. The notification also claimed that RPM would be unable to comply with its obligations in terms of the DOCA during this period. RBPlat and RBR are currently reviewing the force majeure notice.

RBR currently sells all of its concentrate to RPM and is in discussions with Amplats and RPM to explore possible ways of addressing the issues raised by RPM.

In the interim, while it considers all its options and without prejudice to any of its rights, RBR has temporarily acceded to the request not to deliver concentrate to RPM, pending the outcome of discussions with Amplats and RPM.

The RBPlat board of directors will update the market as soon as it is in a position to quantify the near term impact of this development with greater accuracy, following its discussions with Amplats and RPM.

Johannesburg

10 March 2020

JSE Sponsor

Merrill Lynch South Africa Proprietary Limited

For further information, please contact:

Lindiwe Montshiwagae

Executive: Investor Relations

Tel: +27 (0)10 590 4510

Email: lindiwe@bafokengplatinum.co.za

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Royal Bafokeng Platinum Limited published this content on 10 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2020 11:23:03 UTC

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Company Profile

Royal Bafokeng Platinum Limited specializes in exploring, producing and marketing precious metal. Net sales break down by family of products as follows: - platinum (38.4%): 261,000 ounces produced in 2019. At the end of 2019, the group had 2 mines located in South Africa; - palladium (30%) - rhodium (17.2%); - nickel (6.5%); - gold (2.9%); - other (5%): ruthenium, iridium, cobalt, chromium and copper.

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