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ANGLO AMERICAN PLATINUM LIMITED - Early Settlement of Deferred Consideration for 33% Interest in BRPM JV by Royal Bafokeng Platinum

Release Date: 03/02/2020 11:00
Code(s): AMS     PDF:  
Wrap Text
Early Settlement of Deferred Consideration for 33% Interest in BRPM JV by Royal Bafokeng Platinum

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


EARLY SETTLEMENT OF DEFERRED CONSIDERATION FOR 33% INTEREST IN BRPM JV BY
ROYAL BAFOKENG PLATINUM

Anglo American Platinum refers shareholders to the SENS announcement of the completion of the
disposal of its 33% interest in the Bafokeng Rasimone Platinum Mine joint venture (“BRPM JV”) on 12
December 2018, (the “Transaction”).

The total purchase consideration at the time of announcement was R2.178 billion, (the total consideration
of R1.863 billion plus the repayment of the Company’s contributions into the BRPM JV until completion of
the Transaction). The upfront purchase consideration was settled by a cash payment by Royal Bafokeng
Resources Proprietary Limited (“RBR”) of R555 million (approximately US$40 million).

The remaining deferred consideration, including accumulated interest, of R1.851 billion (c.$125 million)
has been settled in full by RBR on 30 January 2020.

All existing commercial arrangements remain in place notwithstanding the settlement of the deferred
consideration. The Company retains its right to purchase 50% of the BRPM JV’s concentrate for the life
of mine and RBR retains the right to sell its 50% of the concentrate to Anglo American Platinum.

Shareholders are also referred to the Royal Bafokeng Platinum Limited announcement relating to the
settlement of the deferred consideration dated 3 February 2020.


Johannesburg
3 February 2020

Sponsor
Merrill Lynch South Africa Proprietary Limited


For further information, please contact:


Investors:                                       Media:
Emma Chapman                                     Jana Marais
(SA) +27 (0) 11 373 6239                         (SA) +27 (0)79 932 1586
emma.chapman@angloamerican.com                   jana.marais@angloamerican.com
Notes to editors:

Anglo American Platinum Limited is a member of the Anglo American plc Group and is a 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, as well as its two joint
venture operations. Elsewhere in the world, the Group owns Unki Platinum Mine in Zimbabwe. 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 leading global mining company and our products are the essential ingredients in
almost every aspect of modern life. Our portfolio of world-class competitive mining operations and
undeveloped resources provides the metals and minerals that enable a cleaner, more electrified world
and that meet the fast growing consumer-driven demands of the world’s developed and maturing
economies. With our people at the heart of our business, we use innovative practices and the latest
technologies to discover new resources and mine, process, move and market our products to our
customers around the world – safely, responsibly and sustainably.

As a responsible miner – of diamonds (through De Beers), copper, platinum group metals, iron ore, coal,
nickel and manganese – we are the custodians of what are precious natural resources. We work together
with our business partners and diverse stakeholders to unlock the sustainable value that those resources
represent for our shareholders, the communities and countries in which we operate, and for society as a
whole. Anglo American is re-imagining mining to improve people’s lives.

www.angloamerican.com

Date: 03-02-2020 11:00:00
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