APP.L Regulatory News (APP)

26 May 2005 09:30

African Platinum Plc26 May 2005 African Platinum plc (formerly Southern African Resources Plc)Ticker: APP (formerly SFU)Index: AIMSector: Exploration EDMONDS AND GROVES RETIRE FROM AFPLATS BOARD London, 26 May 2005 - Aim-listed exploration and development company AfricanPlatinum has announced the retirement of founders Phil Edmonds and Andrew Grovesfrom its board with effect from 25 May 2005. African Platinum (Afplats) was known as Southern African Resources untilyesterday, when shareholders approved its new name to give the company a moreclearly descriptive identity ahead of its planned secondary listing on theAmerican Stock Exchange. Afplats said the departure of Edmonds and Groves was in line with their statedcommitment to stepping down once a professional management team and board hadbeen put in place. "Phil and Andrew made a very significant contribution to this company and we'llmiss their entrepreneurial expertise, but we fully understand their desire todevote more time to their new projects now that Afplats has been developed wellbeyond its start-up stage," chief executive Roy Pitchford said. Afplats is due to publish the results of the prefeasibility study on itsflagship Leeuwkop project on the South African Bushveld complex shortly. AFRICAN PLATINUM PLC ENQUIRIES:Chief Executive - Roy Pitchford+27 (0)82 419 2581 or +44 (0)77 9390 9985 Investor & Media Relations - Kathy du Plessis+27 (0)11 728 4701 or +27 (0)83 266 5847 (Mobile)platinum@dpapr.com or info@afplats.com Website: www.sar-plc.com or www.afplats.com DISCLAIMER: Investing in all equities, including natural resources-relatedequities, carries risks which should be taken into consideration when making aninvestment. This announcement contains forward-looking statements regardingAfrican Platinum plc (formerly Southern African Resources Plc), including thedevelopment of its mining development projects. Actual results relating to anyand all of these subjects may differ materially from those presented. This information is provided by RNS The company news service from the London Stock Exchange