ANGLO AMERICAN PLATINUM LIMITED - Anglo American Platinum completes acquisition of Mototolo joint venture

Anglo American Platinum completes acquisition of Mototolo joint venture

ANGLO AMERICAN PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
Share Code: AMS
ISIN: ZAE000013181
("Anglo American Platinum" or “the Company")

Anglo American Platinum completes acquisition of Mototolo joint venture

Anglo American Platinum confirms the completion of the acquisition of both Glencore Operations South
Africa Proprietary Limited’s (“Glencore”) 40.2% interest and Kagiso Platinum Ventures Proprietary
Limited’s (“Kagiso”) 9.8% interest in the Mototolo joint venture (“Mototolo JV”). With effect from
1 November 2018, Mototolo will become a wholly-owned operation of Anglo American Platinum.

The upfront purchase consideration to Glencore is c.R0.9 billion and a deferred consideration will be
settled monthly over a six-year period and will be determined based on the Rand PGM prices over the
Mototolo JV life of mine to 2024.

A total purchase consideration of R267 million was paid to Kagiso, with no further deferred consideration
being payable.

Chris Griffith, CEO of Anglo American Platinum commented on the Transaction:

“The acquisition of the Glencore and Kagiso interests in the Mototolo JV results in Anglo American
Platinum wholly-owning a mechanised, low-cost, high quality resource, creating another major PGM
hub for the Company. The Transaction unlocks significant optionality for the Company in its adjacent
wholly-owned Der Brochen resource, and will increase the life-of-mine to over 30-years creating
material value for Anglo American Platinum”

Please refer to the announcement of the transaction dated 23 July 2018 for further information.

Johannesburg, South Africa

1 November 2018

Sponsor
Merrill Lynch South Africa Proprietary Limited

For further information, please contact:


Investors:                                        Media:
Emma Chapman                                      Mpumi Sithole
(SA) +27 (0) 11 373 6239                          (SA) +27 (0) 11 373 6246
emma.chapman@angloamerican.com                    mpumi.sithole@angloamerican.com


Notes to editors:

Anglo American Platinum Limited is a member of the Anglo American plc Group and is the world’s
leading primary producer of platinum group metals. The company is listed on the Johannesburg
Securities Exchange (JSE). Its mining, smelting and refining operations are based in South Africa.
Elsewhere in the world, the Group owns Unki Platinum Mine in Zimbabwe. Anglo American Platinum
has a number of joint ventures with several historically disadvantaged South African consortia as part
of its commitment to the transformation of the mining industry. Anglo American Platinum is committed
to the highest standards of safety and continues to make a meaningful and sustainable difference in
the development of the communities around its operations.

www.angloamericanplatinum.com

Anglo American is a globally diversified mining business. Our portfolio of world-class competitive mining
operations and undeveloped resources provides the raw materials to meet the growing consumer-
driven demands of the world’s developed and maturing economies. Our people are at the heart of our
business. It is our people who use the latest technologies to find new resources, plan and build our
mines and who mine, process and move and market our products to our customers around the world.

As a responsible miner – of diamonds (through De Beers), copper, platinum and other precious metals,
iron ore, coal and nickel – we are the custodians of what are precious natural resources. We work
together with our key partners and stakeholders to unlock the long-term value that those resources
represent for our shareholders, and for the communities and countries in which we operate – creating
sustainable value and making a real difference.

www.angloamerican.com

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