Extension of Kroondal PSA

AQUARIUS PLATINUM LIMITED ASX, LSE & JSE 25 June 2013 Extension of Kroondal PSA Aquarius Platinum Limited ("Aquarius") advises that its wholly ownedsubsidiary, Aquarius Platinum (South Africa) (Proprietary) Limited ("AQPSA")has reached agreement with a wholly owned subsidiary of Anglo American PlatinumLimited ("Amplats") to extend the Kroondal PSA arrangement. The salient terms of the agreement are: * Amplats will contribute * + 9.91 Million tons @ 2.38 g/t Proved Ore Reserves and + 6.06 Million tons @ 2.48 g/t Probable Ore Reserves to the Kroondal Mine. Total Ore Reserve - 15.97 Million tons @ 2.42g/t * The reserves are located immediately down-dip of the current Kroondal Mine and will be mined from the existing Kroondal underground mining infrastructure and treatment plants; * In exchange for Amplats contributing the additional reserves AQPSA will: * + contribute the use of its infrastructure; + continue to manage the PSA on the existing terms and conditions; + sell AQPSA's share of concentrate produced from the additional reserves to Amplats as per the existing Off-take agreement; and + pay Amplats a variable royalty with a base rate of R11.50 per ton mined, as and when mined; * The royalty will increase and decrease in line with increases and decreases in the Rand metal price with a cap of R14.95 per ton and floor of R8.05 per ton. The information in this report that relates to Ore Reserves is based oninformation compiled by CJ Kotze, who is a Member of IMSSA and PLATO which isrecognized by SAMREC. Mr. Kotze is employed by AQPSA and has sufficientexperience which is relevant to the style of mineralization and type of depositunder consideration and to the activity which he is undertaking to qualify as aCompetent Person as defined in the 2004 Edition of the `Australasian Code forReporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr.Kotze consents to the inclusion in the report of the matters based on hisinformation in the form and context in which it appears. Following the conclusion of the agreement the Kroondal mine's life willincrease by approximately 3 years from approximately 6.5 years to approximately9.5 years. For further information please contact: Jean Nel - CEO +270100012848 Willi Boehm - Company Secretary +61893675211 or visit: www.aquariusplatinum.com REGISTERED OFFICE Aquarius Platinum Limited ● Clarendon House ● 2 Church Street ● Hamilton HMCXBermuda Email: [email protected]

Telephone: +61 8 9367 5211