Termination of Sale Agreement

AQUARIUS PLATINUM LIMITED ASX, LSE & JSE 15 October 2014 TERMINATION OF SALE AGREEMENT On 30 January 2014 Aquarius announced that it had agreed to sell its indirectinterests in Blue Ridge Platinum (Pty) Ltd and Sheba's Ridge Platinum (Pty) Ltdto a consortium led by the China National Arts & Crafts (Group) Corporation("Consortium"). The sale agreement was subject to a number of conditions,including Chinese Government approvals, South Africa Competition Commissionapproval and a number of Department of Mineral Resources (DMR) regulatoryapprovals. The outside date for satisfaction of the conditions was initiallyset at 30 June 2014, but was subsequently extended on nine occasions, byagreement between the parties. As at 14 October 2014 certain South African regulatory approvals hadregrettably not yet been granted. On 14 October 2014 Aquarius had been advised by the Consortium that it haddecided not to again extend the outside date, as a result of which, theagreement terminated on 14 October 2014. For further information please contact: Jean Nel - CEO+270100012848 Willi Boehm - Company Secretary+61893675211