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Notice to Holders of Convertible Bonds

7th Oct 2011 08:58

AQUARIUS PLATINUM LIMITED 7 October 2011

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF BONDHOLDERS. IF BONDHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD

SEEK THEIR OWN FINANCIAL AND LEGAL ADVICE IMMEDIATELY FROM THEIR STOCKBROKER,

SOLICITOR, ACCOUNTANT OR OTHER INDEPENDENT FINANCIAL OR LEGAL ADVISER.

Notice to the holders of the US$300,000,000 4.00 per cent. Convertible Bonds

due 2015 (the "Bonds") (ISIN: XS0470482067; Common Code: 047048206) of AQUARIUS PLATINUM LIMITED (the "Issuer")

Pursuant to Conditions 6(f) and 17 of the terms and conditions of the Bonds (the "Conditions"), as set out in the Trust Deed dated 18 December 2009 between the Issuer and BNY Corporate Trustee Services Limited and constituting the Bonds (the "Trust Deed"), notice is hereby given to Bondholders that in connection with the Dividend announced by the Issuer on 11 August 2011, the Conversion Price of the Bonds has been adjusted pursuant to Condition 6(b)(iii) from US$6.687 per Common Share to US$6.578 with effect from 5 September 2011. This adjustment to the Conversion Price includes a carryover component from the March 2011 dividend paid, in accordance with Condition 6(f).

Words and expressions defined in the Conditions shall have the same meaning when used in this announcement.

For further information please contact:

In the United Kingdom:Gavin Mackay+44 7909 547 042In Australia: In South Africa: Willi Boehm Stuart Murray +61 8 9367 5211 +27 (0) 11 656 1140

PINX

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