Director/PDMR Shareholding

Schedule 11 - Notification of interests of Directors and Connected Persons 1 Name of Company: Aquarius Platinum Limited 2 Name of director: Jean Nel 3 Please state whether notification indicates that it is in respect of holdingof the director named in 2 above or holding of that person's spouse or childrenunder the age of 18 or in respect of a non-beneficial interest: Beneficial interest of Jean Nel 4 Name of registered holder(s) and, if more then one holder, the number ofshares held by each of them (if notified): a. Micana (Pty) Ltd - 231,410 shares b. Kronen Investments (Pty) Ltd - 73,500 shares 5 Please state whether notification relates to a person (s) connected with thedirector named in 2 above and identify the connected person (s) Not applicable 6 Please state the nature of the transaction. For PEP Transactions pleaseindicate whether general/single co PRP and if discretionary/non discretionary: Disposal of shares 7 Number of shares/amount of stock acquired: N/A 8 Percentage of issued class: N/A 9 Number of shares/amount of stock disposed: 304,910 shares 10 Percentage of issued class: 0.02% 11 Class of security: Common Shares 12 Price per Share: a. 231,410 shares at ZAR4.39 per share b. 73,500 shares at ZAR4.34 per share 13 Date of transaction: a. 231,410 shares - 27 May 2014 b. 73,500 shares - 28 May 2014 14 Date company informed: 28 May 2014 15 Total holding following this notification: 2,826,501 16 Total percentage holding of issued class following this notification: 0.19% Questions 17 through to 22 are not applicable to this notification. 23 Contact name for queries: Mr Willi Boehm 24 Contact telephone number: +618 9367 5211 25 Name of company official responsible for making notification:

Mr Willi Boehm