Sylvania Platinum Regulatory News (SLP)

Sylvania Platinum Limited

("Sylvania Platinum", "Sylvania" or the "Company")

(AIM: SLP)

Completion of Disposal of Iron Ore Assets

and

Update on Dividend in Specie

Further to the announcement of 27 July 2012, Sylvania is pleased to announce that the disposal of the Bushveld Iron Ore asset to Mercury has completed and Admission of the enlarged Mercury Group, now re-named Ironveld plc, has taken place.

Also, Sylvania will today make a distribution of the Consideration Shares received on completion. The Dividend in Specie will be made on the basis that for every Sylvania Platinum ordinary share held, a Sylvania Platinum shareholder shall be entitled to 0.675 of an ordinary share in Mercury. Further details of the Dividend in Specie are contained in the Company's announcement of 27 July 2012.

Capitalised terms used but not defined in this announcement have the same meaning as given to them in the announcement of 27 July 2012.

ENDS

CORPORATE INFORMATION

Registered office: Sylvania Platinum Limited

Clarendon House

2 Church Street

Hamilton HM 11

Bermuda

Postal address: PO Box 524

Wembley WA 6913

Australia

Sylvania Website: www.sylvaniaplatinum.com

CONTACT DETAILS

South Africa: Terry McConnachie Nigel Trevarthen

(CEO) (Deputy CEO)

Sylvania Platinum Limited Sylvania Platinum Limited

+27 (11) 673 1171 +27 (11) 673 1171

Louis Carroll

(Director/Assistant Company Secretary)

Sylvania Platinum

+44 (0) 7969 170 622

Australia: Richard Rossiter Grant Button

(Chairman) (Director/Assistant Company Secretary)

Sylvania Platinum Limited Sylvania Platinum Limited

+61 (8) 9226 4777 +61 (8) 9226 4777

United Kingdom: Samantha Harrison Martin Eales/James Kelly

RFC Ambrian Limited RBC Capital Markets

Nominated Advisor Joint Broker

+44 (0) 20 3440 6800 +44 (0) 20 7653 4000

Graham Herring/Beth Harris

Newgate Threadneedle

+44 (0) 20 7653 9850