Changes to the board of directors ZAMBEZI PLATINUM (RF) LIMITED (Incorporated in the Republic of South Africa) (Registration number 2014/106927/06) JSE preference share code: ZPLP ISIN code: ZAE000202552 (“Zambezi Platinum” or the “company”) CHANGES TO THE BOARD OF DIRECTORS Zambezi Platinum advises its preference shareholders that Mr Lazarus Zim, Chairman of the board of directors of Zambezi Platinum (“board”), retired at the conclusion of the annual general meeting of ordinary shareholders held on Tuesday, 7 November 2017. The board would like to thank Mr Zim for his valuable contribution to the company. The company is pleased to announce that, following the retirement of Mr Zim, Mr Brian Mosehla, a non-executive director of Zambezi Platinum has been appointed as Chairman of the board with immediate effect. The board looks forward to Mr Mosehla’s contribution in his new role. Preference shareholders are further advised that, following Mr Zim’s retirement, Advocate Emily Motseki- Zim has been appointed as a non-executive director of the board with immediate effect. She holds a Bproc and an LLB and is a director of Atisa Group Proprietary Limited, Zim Holdings Proprietary Limited and the Chairperson of Women Be Adorned, a women’s development non-profit organisation. Johannesburg 7 November 2017 Debt Sponsor One Capital Date: 07/11/2017 01:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.