Cautionary Announcement

AIM: JLP

JSE: JBL

Registration number: 4459850

ISIN: GB0031852162

JUBILEE PLATINUM PLC

("Jubilee" or "the Company")

CAUTIONARY ANNOUNCEMENT

Shareholders are referred to Jubilee's year-end results published on 4 October 2010 wherein it was advised that the company had purchased a 51% stake in the power generation company Power Alt (Pty) Ltd.

With regard to this statement, shareholders are advised that the company is still in the negotiations stage of the acquisition which if successfully concluded may have a material effect on the price at which the company's shares trade on the JSE Limited.

Shareholders are advised to exercise caution when dealing in their Jubilee shares until a full announcement is made.

For further information please contact:

Colin Bird/Leon Coetzer

Jubilee Platinum plc

Tel + 27 83 455 7749 Tel +44 (0) 20 7584 2155 

Andrew Sarosi

Jubilee Platinum plc

Tel +44 (0) 1752 221937

Matthew Robinson/Rose Herbert

finnCap Ltd

Tel +44 (0) 20 7600 1658

Leonard Eiser /Sharon Owens

Sasfin Capital

Tel +27 (0) 11 809 7500

Michael Kinirons/Nick Rome

Bishopsgate Communications Ltd

Tel +44 (0) 20 7562 3350