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BEE Partners Reinstatement

24th May 2013 07:23

AQUARIUS PLATINUM LIMITED - BEE Partners Reinstatement

AQUARIUS PLATINUM LIMITED - BEE Partners Reinstatement

PR Newswire

London, May 24

AQUARIUS PLATINUM LIMITED 24 May 2013 REINSTATEMENT OF LIMITED GUARANTEE AND PLEDGE TO SUPPORT BLACK ECONOMIC EMPOWERMENT PARTNERS OF AQUARIUS

Shareholders are referred to the detailed announcement made on 4 October 2012in which the Company confirmed that it had resolved to provide a limitedguarantee and pledge to the financiers of Aquarius' cornerstone BEE (BlackEconomic Empowerment) shareholders, being Savannah, Chuma and Malibongwe ("BEEPartners"). The Board of Aquarius took the decision to assist in preserving theBEE credentials of Aquarius. This limited guarantee and pledge was released inJanuary 2013.

Following the recent decrease in the Aquarius share price, Aquarius has agreedto reinstate the limited guarantee and pledge provided to the BEE Partners'financiers for 10.2 million shares on identical terms and conditions.

The Board of Aquarius consider that it is in the interests of Aquarius, and inline with its ongoing commitment to comply with the BEE and regulatoryframework in South Africa, to assist the BEE Partners to preserve theirremaining shareholding in Aquarius.

For further information please contact:

In South Africa: Jean Nel + 27 100 012 843 In Australia: Willi Boehm +61 8 9367 5211

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