Statement re Wage agreement reached at Kroondal

25 June 2013 Wage agreement reached at Kroondal Aquarius Platinum Limited (Aquarius) advises that its wholly owned subsidiary,Aquarius Platinum (South Africa) (Proprietary) Limited ("AQPSA") has reached awage agreement with the National Union of Mineworkers ("NUM") in relation toits members employed at the Kroondal mine. The Kroondal mine currently employs approximately 8,120 people includingcontractors and the NUM is the majority union at Kroondal and represents themajority of Kroondal's Cat B, semi-skilled work force. The agreement provides for an on average increase which slightly exceeds theincrease in the cost of living as measured by inflation rate (CPI-X) and willcome into effect on 1 July 2013 and will remain in place for one year. Negotiations in relation to the skilled employees, Cat A employees, which total970 at Kroondal will commence in the coming weeks. Aquarius acknowledges with appreciation the: * critical contribution the Kroondal work force continues to make in relation to the ongoing safety and operational improvements at the Kroondal mine; * leadership shown by the Kroondal mine's management team; * constructive and mature manner in which the NUM conducted the wage negotiations; and * constructive role the South African Government and the Chamber of Mines continues to fulfill in improving the industrial relations environment in the South African mining sector. The successful conclusion of the wage agreement is a significant positivedevelopment for the company, particularly in the difficult environment theplatinum sector is currently experiencing. AQPSA is extremely proud of itsworkforce which continued to work uninterruptedly to maintain its operatingperformance throughout the negotiation process. 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 HMCX BermudaEmail: [email protected]: +61 8 9367 5211