Wage agreement reached at Kroondal

AQUARIUS PLATINUM LIMITED 21 July 2014 Wage agreement reached at Kroondal Aquarius Platinum Limited (Aquarius) advises that its wholly owned subsidiary,Aquarius Platinum (South Africa) (Proprietary) Limited ("AQPSA") has reachedseparate three-year wage agreements with the National Union of Mineworkers("NUM") and Solidarity in relation to their respective members employed atKroondal. The agreements are effective from 1 July 2014, and will be applied toall employees within the respective bargaining units at Kroondal. The NUMrepresents the majority of Kroondal's semi-skilled work force, while Solidarityrepresents the majority of Kroondal's skilled work force. Measured on a cost to company basis the average increase slightly exceeds theincrease in the cost of living as measured by inflation rate (CPI). Aquarius acknowledges with appreciation the critical contribution that theemployees of Kroondal continue to make to the ongoing safety and operationalimprovements at the Kroondal mine; the leadership shown by the Kroondal mine'smanagement team during the negotiation process and the constructive and maturemanner in which the NUM and Solidarity conducted the wage negotiations. The successful conclusion of the wage agreements are a significant positivedevelopment for the company. AQPSA is extremely proud of its workforce whichcontinued to work without interruption to maintain its operating performancethroughout the negotiation process. For further information please contact: Jean Nel - CEO+270100012848 Willi Boehm - Company Secretary+61893675211 For media enquiries: Charmane Russell or Janet Whitaker+2711 880 3924+2782 372 5816

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