Jubilee Metals Regulatory News (JLP)

15 October 2012

AIM: JLP

JSE: JBL

Registration number: 4459850

ISIN: GB0031852162

JUBILEE PLATINUM PLC

("Jubilee" or the "Company")

Issue of Equity

Jubilee, the AIM and JSE quoted mine-to-metal specialist, is pleased to announce a conditional placing of up to 20,175,439 new ordinary shares of 1 pence each in the Company (the "Placing Shares") at a price of 8.55 pence to raise up to GBP 1.725 million (the "Placing").

The Placing Shares have been placed jointly by Shore Capital Stockbrokers Limited and finnCap Limited as agents to the Company, subject to the conditions of a placing agreement which include admission of the shares to trading on AIM market of the London Stock Exchange ("AIM") which is expected to occur on 19 October 2012.

The proceeds of the Placing will be used, together with existing cash resources, to support growth within the Company's strategic business areas, through which Jubilee is implementing its mine-to-metals strategy.

The Placing Shares will rank pari passu with the existing shares in issue of Jubilee.

In addition to the Placing, the Company, further to the announcement dated 27 September 2012, is issuing 3,863,276 new ordinary shares for £384,900 (ZAR5,255,600) as the first tranche of consideration for the acquisition of an additional 19% interest in Power Alt (Pty) Ltd. Additionally, Jubilee is issuing 434,690 new ordinary shares to a party for £38,975 (ZAR518,890) and 625,000 new ordinary shares to a second party for £57,895 (ZAR766,710) in part consideration of the settlement agreement with the shareholders of Jubilee Smelting and Refining (Pty) Ltd ("JSR") to acquire 100% of JSR.

Following the above share issues and the Placing, the total issued share capital of the Company will be 313,220,211. The Company holds no ordinary shares in treasury. Therefore, following the placing, the total number of voting rights in the Company will be 313,330,211.

Leon Coetzer, Chief Executive Officer of Jubilee Platinum said: "The Board of Jubilee is pleased with the continued support of our shareholders while the addition of new investors following the Placing further strengthens our shareholder base."

PRO FORMA FINANCIAL EFFECTS

At the general meeting of the Company held on 11 June 2012, the requisite majority of Jubilee shareholders approved an ordinary resolution authorising the directors to issue shares for cash in accordance with the Listings Requirements of the JSE ("general authority"). The Placing is being undertaken in accordance with the general authority.

The unaudited pro forma financial effects of the issue of new ordinary shares in terms of general authority, based on the published reviewed financial results of Jubilee for the twelve months to 30 June 2012, are set out below. The financial effects have been prepared in accordance with the terms of the Listings Requirements of the JSE Limited, are for illustrative purposes only and due to their nature, may not truly reflect Jubilee's financial position or results of operations. The directors of Jubilee are responsible for the preparation of the unaudited pro forma financial effects.

Notes:

1. The figures in the Before column are extracted from the published reviewed results of Jubilee for the twelve month to 30 June 2012. The shares in issue include 31,585,714 shares issued in terms of the general authority prior to 30 June 2012.

2. The figures in the After placing column assume that:

The PlacingShares issued in terms of the general authority were in issue from 30 June 2012 for loss per share and headline loss per share purposes and the cash received on 30 June 2012 for net asset value per share and tangible net asset value per share purposes.

Contacts

Jubilee Platinum plc

Colin Bird/Leon Coetzer

Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913

Andrew Sarosi

Tel +44 (0) 1752 221937

finnCap Ltd

Matthew Robinson/Ben Thompson- corporate finance

Joanna Weaving - corporate broking

Tel +44 (0) 20 7600 1658

Shore Capital Stockbrokers Limited (Joint Broker)

Jerry Keen/Edward Mansfield

Tel: +44 (0) 20 7 408 4090

Sasfin Capital

Leonard Eiser/Sharon Owens

Tel +27 (0) 11 809 7500

Bishopsgate Communications Ltd

Nick Rome/Anna Michniewicz/Ivana Petkova

Tel +44 (0) 20 7562 3350