Cautionary Announcement

AIM: JLP

JSE: JBL

Registration number: 4459850

ISIN: GB0031852162 14 March 2011

Jubilee Platinum

("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.

Contacts

Colin Bird/Leon Coetzer

Jubilee Platinum plc

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

Andrew Sarosi

Jubilee Platinum plc

Tel +44 (0) 1752 221937

Matthew Robinson/Rose Herbert - corporate finance

Joanna Weaving - corporate broking

finnCap Ltd

Tel +44 (0) 20 7600 1658

Leonard Eiser /Sharon Owens

Sasfin Capital

Tel +27 (0) 11 809 7500

Michael Kinirons/Nick Rome

Bishopsgate Communications Ltd

Tel +44 (0) 20 7562 3350