RBPlat Employee Share Incentive Scheme Awards ROYAL BAFOKENG PLATINUM LIMITED Incorporated in the Republic of South Africa) Registration number: 2008/015696/06) JSE share code: RBP, ISIN: ZAE000149936 Bond code: RBPCB, ISIN: ZAE000243853 (“RBPlat” or the “Company”) RBPLAT EMPLOYEE SHARE INCENTIVE SCHEME AWARDS Shareholders are advised that the RBPlat Board has approved an allocation of scheme shares to eligible employees under the Company’s Bonus Share Plan (“BSP” ) and the Forfeitable Share Plan(“ FSP”) for 2019, amounting to 958 786 and 2 692 352 scheme shares respectively, at a deemed share price of R34.02 per share, effective 1 April 2019. The full allocation of BSP scheme shares will vest on 1 April 2022 in terms of the BSP scheme rules and the FSP scheme shares will vest at a rate of one third, on 1 April 2022, 2023 and 2024, subject to the performance criteria being met in terms of the FSP scheme rules. The following executive directors, directors of Royal Bafokeng Resources Proprietary Limited (“RBR”), a major subsidiary of the Company and the company secretary, will receive the following awards: SD Phiri (chief executive officer) 61 430 in respect of the BSP scheme 452 233 in respect of the FSP scheme Total current market related value: R17 474 815 HA Rossouw (chief financial officer) 10 336 in respect of the BSP scheme 327 385 in respect of the FSP scheme Total current market related value: R11 489 268 NA Carr (director of RBR) 40 657 in respect of the BSP scheme 263 351 in respect of the FSP scheme Total current market related value: R10 342 352 KV Tlhabanelo (director of a major subsidiary) 30 645 ordinary shares in respect of the BSP scheme 161 068 ordinary shares in respect of the FSP scheme Total current market related value: R6 522 076 LC Jooste (company secretary) 27 856 in respect of the BSP scheme Total current market related value: R947 661 The nature and extent of interests in the above transactions are direct beneficial (once vested). All the aforementioned trades were done off market and clearance to trade has been given in terms of the JSE Listings Requirements. Johannesburg 7 May 2019 JSE Sponsor Merrill Lynch South Africa (Pty) Limited For further enquiries, please contact: Lester Jooste Company Secretary Tel: +27 (0)10 590 4519 Email: lester@bafokengplatinum.co.za Date: 07/05/2019 03:00:00 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.