Industrial Action at Everest

11 Oct 2011 08:59

Aquarius Platinum Limited(Incorporated in Bermuda)Registration Number: EC26290ISIN Code: BMG0440M1284JSE Share Code: AQPINDUSTRIAL ACTION AT EVEREST

Aquarius Platinum Limited ("Aquarius") advises that a protected strike by certain employees of Murray & Roberts Cementation (Proprietary) Limited ("MRC"), a mining contractor to Aquarius Platinum (South Africa) (Proprietary) Limited ("AQPSA"), is underway at AQPSA's Everest Mine. The strike has been called by the Association of Mining and Construction Unions ("AMCU"), which is demanding full organizational rights from MRC in terms of the South African Labour Relations Act. This is a technical dispute between AMCU and MRC, and no demands are being made by AMCU of Aquarius or its subsidiaries. Further announcements will be made as developments occur.

For further information please contact:

In the United Kingdom:Gavin Mackay+44 7909 547 042In Australia: In South Africa: Willi Boehm Stuart Murray +61 8 9367 5211 +27 (0) 11 656 1140 11 October 2011Sponsor

RAND MERCHANT BANK (a division of FirstRand Limited)