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AQP - Aquarius Platinum News Story

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Last Trade - 31/03/16

Sector
Basic Materials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £125.9m
Position in Universe th / 1911

Aquarius Platinum: Notice of Amalgamation Meeting & Annual General Meeting

Mon 14th December, 2015 3:10pm
AQUARIUS PLATINUM LIMITED

ASX, LSE & JSE

 14 December 2015

          NOTICE OF MEETING AND INDEPENDENT EXPERT'S REPORT FINALISED          

As previously announced, Aquarius and Sibanye Gold Limited ("Sibanye") entered
into an implementation agreement under which a wholly owned subsidiary of
Sibanye would, subject to the satisfaction of certain conditions, acquire all
of the shares in Aquarius for a cash consideration of USD0.195 for each
Aquarius share ("the Transaction").  The Transaction is to be implemented by
way of an amalgamation under Bermuda law.

The Meeting Materials, which have been released to the market today, include
all details in relation to the Amalgamation Meeting and the Annual General
Meeting, and include a copy of the Independent Expert's Report.  The Meeting
Materials are currently being printed and will be dispatched to Aquarius
shareholders later this week.   They are also available for inspection on the
National Storage Mechanism of the FCA  or by visiting www.aquariusplatinum.com.

The Transaction needs to be approved by a simple majority of votes cast by
Aquarius shareholders. Shareholders are being asked to vote on the Transaction
at a special general meeting to be held at Clarendon House, 2 Church Street,
Hamilton, Bermuda on 18 January 2016 at 9.00am (Bermuda time), ("Amalgamation
Meeting").  The 2015 annual general meeting of Aquarius ("Annual General
Meeting") will be held immediately after the Amalgamation Meeting at 9.30am.

The Independent Expert, Deloitte Corporate Finance Pty Limited, has determined
that the Transaction is fair and reasonable, and in the best interests of
Aquarius shareholders.

Shareholders should carefully read the Meeting Materials as they include
important information which will help them make an informed decision on how to
vote on the Transaction.  The board of Aquarius continues to unanimously
recommend that Aquarius shareholders vote in favour of the Transaction, in the
absence of a superior proposal.

All Aquarius shareholders are encouraged to vote at both the Amalgamation
Meeting and the Annual General Meeting.  Details of how to vote are included in
the Meeting Materials.

For further information please or visit www.aquariusplatinum.com , or contact:

In South Africa:                       In Australia:                         
Jean Nel                               Willi Boehm                           
Aquarius Platinum (South Africa) (Pty) Aquarius Platinum Corporate Services  
Ltd                                    Pty Ltd                               
+27 (0) 10 001 2848                    +61 (0) 8 9367 5211                   

                             INDICATIVE TIMETABLE                              

                       Event                           Indicative Time / Date  
                                                                               
Depositary Interest Holder Voting Entitlement Date   5.00pm (GMT) on 12 January
for Amalgamation Meeting and Annual General Meeting  2016                      
                                                                               
Shareholder Voting Entitlement Date for Amalgamation In respect of each Branch 
Meeting and Annual General Meeting                   Register, at close of     
                                                     business on 12 January    
                                                     2016                      
                                                                               
Last time for receipt of Voting Instructions         4.00pm (GMT) on 14 January
(including Forms of Instruction) for Amalgamation    2016                      
Meeting                                                                        
                                                                               
Last time for receipt of Voting Instructions         4.00pm (GMT) on 14 January
(including Forms of Instruction) for Annual General  2016                      
Meeting                                                                        
                                                                               
Last time for receipt of Proxy Forms for             In respect of each Branch 
Amalgamation Meeting                                 register, at close of     
                                                     business on 15 January    
                                                     2016                      
                                                                               
Last time for receipt of Proxy Forms for Annual      In respect of each Branch 
General Meeting                                      register, at close of     
                                                     business on 15 January    
                                                     2016                      
                                                                               
Amalgamation Meeting                                 9:00am (Bermuda time) on  
                                                     18 January 2016           
                                                                               
Annual General Meeting                               9.30am (Bermuda time) on  
                                                     18 January 2016           
                                                                               
Announcement of results of Amalgamation Meeting and  By 5.00pm (Bermuda time)  
Annual General Meeting                               on 18 January 2016        
                                                                               
Conditions Fulfilment Date - satisfaction of each of By 31 March 2016          
the conditions precedent to implementation,                                    
including obtaining the approvals of the South                                 
African Competition Commission and the Competition                             
Tribunal                                                                       
                                                                               
Announcement of Conditions Fulfilment                By 5.00pm (Bermuda time)  
                                                     on the Conditions         
                                                     Fulfilment Date           
                                                                               
Lodgement of application for delisting from the ASX, By the second Business Day
JSE and LSE                                          after the Conditions      
                                                     Fulfilment Date           
                                                                               
Last day to trade on ASX, LSE and JSE                The fifth Business Day    
                                                     after the Conditions      
                                                     Fulfilment Date           
                                                                               
Cessation of transfers between each Branch Register  4.00pm (AEDT), on the last
                                                     day to trade              
                                                                               
Suspension of trading on ASX, LSE and JSE            On the Business Day after 
                                                     the last day to trade     
                                                                               
Record Date for the Amalgamation                     5.00 pm (AEDT) on the     
                                                     fifth Business Day after  
                                                     the last day to trade     
                                                                               
Effective Time (cancellation of Shares)              9.00am (Bermuda time) on  
                                                     the next Business Day     
                                                     after the Record Date     
                                                                               
Delisting of the Company from ASX, LSE and JSE       As soon as practicable    
                                                     following the Effective   
                                                     Time                      
                                                                               
Payment of the Consideration                         Within 10 Business Days of
                                                     the Effective Time        
                                                                               
End Date                                             6 April 2016, unless      
                                                     extended in accordance    
                                                     with the Implementation   
                                                     Agreement                 

The dates and times set out in the timetable above are indicative only and are
subject to change. The actual timetable will depend on many factors outside the
control of Aquarius.  Capitalised terms have the meanings given to them in the
Meeting Materials.

The Company expects to complete the Transaction by the end of April 2016,
although the Company cannot assure completion by any particular date, if at
all.  The Transaction is subject to regulatory approvals and other conditions,
including Sibanye receiving approvals of the South African Competition
Commission and the Competition Tribunal for the implementation of the
Transaction (refer section 1.9 of the Explanatory Memorandum of the Meeting
Materials for further detail).  It is possible that factors outside the control
of both companies could result in the Proposed Transaction being completed at a
later time, or not at all.  There may be a substantial amount of time between
the Amalgamation Meeting and the completion of the Transaction.

Once the approvals of the South African Competition Commission and the
Competition Tribunal have been obtained, a timetable of events leading up to
date for payment of the consideration will be announced to ASX, LSE and JSE and
published on Aquarius' website at www.aquariusplatinum.com.

Any other changes to the timetable will be announced and published in the same
manner.



END



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