Exercise of Options

8th Sep 2009 17:00

AQUARIUS PLATINUM LIMITEDASX, LSE & JSE8 September 2009

Exercise of options Ridge Options

Aquarius Platinum Limited ("AQP" or "the Company") advises that Imbani Platinum (Pty) Ltd (Imbani) has lodged a notice to exercise 25,000,000 Ridge Mining Limited (Ridge) options. As disclosed in the recent prospectus of Aquarius, these options were in existence prior to the scheme of arrangement between Ridge and its shareholders relating to the all share acquisition by Aquarius of Ridge.

The aggregate exercise price of these options is GBP17.5 million (GBP0.70 per Ridge option).

Pursuant to the transfer to Aquarius by Imbani of these 25 million common shares in Ridge, Aquarius will issue 9,090,909 new fully paid common shares in Aquarius to Imbani on the basis of 1 Aquarius share for every 2.75 Ridge shares.

For further information please contact:

In Australia:Willi Boehm+61 (0) 8 9367 5211In the United Kingdom:Stuart Murray+ 27 (0) 11 656 1140In South Africa:Charmane Russell+27 (0) 11 880 3924REGISTERED OFFICE

Aquarius Platinum Limited Clarendon House 2 Church Street Hamilton HMCX Bermuda

Email: [email protected]

Telephone: +61 8 9367 5211

vendor

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Related Shares:

AQP.L