Update on Modikwa Platinum Mine strike

4 April 2012

Following a three week protected strike, Modikwa Platinum Mine (the “Mine”) announces that the protracted collective bargaining process with the National Union of Mineworkers (“NUM”), spanning several months, has not produced any agreement.

The dispute concerns wages and conditions of employment. At a meeting held on Tuesday, 3 April 2012, NUM rejected the Mine’s final offer. The Mine has thus withdrawn its final offer. NUM made other demands that the Mine simply cannot afford. The strike and the collective bargaining process have failed the parties. The Mine has no option but to withdraw from the negotiation process.

Striking employees are at liberty to return to work on their existing conditions of service.

For more information please contact:

Jongisa Klaas
Corporate Development and Head of Investor Relations
Tel: +27 11 779 1507
Mobile: +27 82 562 5288

Corne Dippenaar
Corporate Development
Tel: +27 11 779 1478
Mobile: +27 83 380 6614

4 April 2012

Issued by sponsor:
Deutsche Securities (SA) (Proprietary) Limited