Directors’ and Company Secretary Dealings in Terms of the RBPlat Rights Offer ROYAL BAFOKENG PLATINUM LIMITED (Incorporated in the Republic of South Africa) (Registration number 2008/015696/06) JSE share code: RBP ISIN: ZAE000149936 JSE bond code: RBPCB ISIN: ZAE000243853 ("RBPlat" or the "Company") DIRECTORS’ AND COMPANY SECRETARY DEALINGS IN TERMS OF THE RBPLAT RIGHTS OFFER Security holders are referred to the announcement released by the Company on Tuesday, 5 March 2019 and the circular distributed to shareholders dated 11 March 2019, wherein the Company advised of its planned renounceable rights offer (“Rights Offer”). Security holders are hereby advised that certain directors of RBPlat and/or Royal Bafokeng Resources Proprietary Limited (“RBR”), a major subsidiary of RBPlat, and the Company Secretary have, on 20 March 2019, either elected to follow their rights allocated in respect of the Rights Offer or disposed of their Letters of Allocation in respect of their Rights Offer entitlement (“the Dealings”). In accordance with paragraph 3.64(g) of the JSE Listings Requirements, the following information is disclosed in respect of the Dealings: DS Phiri (Chief Executive Officer) Nature of the transaction: Off-market purchase of RBPlat shares on acceptance of the Rights Offer Nature and extent of interest: Direct beneficial Shares held prior to the Rights Offer: 164 673 Rights Offer entitlement: 36 594 Shares acquired on acceptance of the Rights Offer: 36 594 Price per share (Rights Offer price): R22.00 Value of RBPlat shares acquired: R805 068 RBPlat shares held post the Rights Offer: 201 267 NA Carr (Director of RBR) Nature of the transaction: Off-market purchase of RBPlat shares on acceptance of the Rights Offer Nature and extent of interest: Direct beneficial Shares held prior to the Rights Offer: 46 461 Rights Offer entitlement: 10 325 Shares acquired on acceptance of the Rights Offer: 10 325 Price per share (Rights Offer price): R22.00 Value of RBPlat shares acquired: R227 150 RBPlat shares held post the Rights Offer: 56 786 KV Tlhabanelo (Director of RBR) Nature of the transaction: On-market disposal of Letters of Allocation in respect of the Rights Offer Nature and extent of interest: Direct beneficial Shares held prior to the Rights Offer: 65 681 Rights Offer entitlement: 14 596 Rights Offer entitlement disposed of (represented by the Letters of Allocation): 14 596 Price per Letter of Allocation: R10.51 Value of the Letters of Allocation disposed of: R153 404 RBPlat shares held post the Rights Offer: 65 681 LC Jooste (Company Secretary) Nature of the transaction: On-market disposal of Letters of Allocation in respect of the Rights Offer Nature and extent of interest: Direct beneficial Shares held prior to the Rights Offer: 43 326 Rights Offer entitlement: 9 628 Rights Offer entitlement disposed of (represented by the Letters of Allocation): 9 628 Price per Letter of Allocation: R10.50 Value of the Letters of Allocation disposed of: R101 094 RBPlat shares held post the Rights Offer: 43 326 Prior clearance to deal in respect of each of the aforementioned Dealings was obtained. Johannesburg 25 March 2019 JSE Sponsor Merrill Lynch South Africa Proprietary Limited For further enquiries, please contact: Lester Jooste Company Secretary Tel: +27 (0)10 590 4519 Email: lester@bafokengplatinum.co.za Date: 25/03/2019 05:00:00 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.