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AQP - Aquarius Platinum News Story

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Last Trade - 31/03/16

Basic Materials
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £128.0m
Position in Universe th / 1908

Aquarius Platinum: Update re Sibanye Offer

Mon 30th November, 2015 7:00am
AQUARIUS PLATINUM LIMITED                           

                                ASX, LSE & JSE                                 

30 November 2015


Aquarius Platinum Limited (Aquarius) is pleased to provide shareholders with an
update on its transaction with Sibanye Gold Limited (Sibanye), as initially
announced on 6 October 2015.

As previously announced, Aquarius and Sibanye entered into an implementation
agreement (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 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.

Significant progress has been made with respect to the Transaction over the
past weeks.  An update on the outstanding approvals is set out below:

Aquarius shareholder approval

The Transaction needs to be approved by a simple majority of votes cast by
Aquarius shareholders. Shareholders will be asked to vote on the Transaction at
a special general meeting anticipated to be held in January 2016 (Amalgamation
Meeting).  Aquarius' 2015 annual general meeting (Annual General Meeting) will
be held immediately after the Amalgamation Meeting in January 2016.

Meeting materials for both the Amalgamation Meeting and the Annual General
Meeting will be dispatched in December 2015 and will include an Independent
Expert's Report, opining on whether the Transaction is fair and reasonable to,
and in the best interests of Aquarius shareholders.

Regulatory approvals

The Transaction needs the approvals of the South African Competition Commission
and Competition Tribunal (Competition Approval).  Competition Approval is
expected to be obtained by the end of March 2016 and, subject to Aquarius
shareholders approving the Transaction, completion of the Transaction should
take place by the end of April 2016.

For further information please 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                 

or visit:


Aquarius Platinum Limited  Clarendon House  2 Church Street  Hamilton HMCX


Telephone: +61 8 9367 5211


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