Cautionary Announcement

AIM: JLP

JSE: JBL

Registration no: 4459850ISIN

Code: GB0031852162

Jubilee Platinum Plc

("Jubilee" or the "Company")

Cautionary Announcement

Jubilee shareholders are advised that the company has entered into negotiations, which if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.

Johannesburg

02 March 2010

Sasfin Capital

(A division of Sasfin Bank Limited)

This announcement complies with JSE requirements.

Enquiries:

Jubilee Platinum plc

Colin Bird, CEO

+ 27 (0) 11 253 3280

Jubilee Platinum plc

Andrew Sarosi

+44 (0) 1752 221937

FinnCap

Matthew Robinson, Corporate Finance

+44 (0) 20 7600 1658

Sasfin Capital

Leonard Eiser, Corporate Finance

+27 (0) 11 809 7738

Bishopsgate Communications Ltd

Alex Giacchetti/Michael Kinirons

+44 (0) 20 7562 3395