Pool agreement at Marikana

15 Dec 2005 10:00

Anglo Platinum Limited15 December 2005 15 December 2005 Joint Announcement Anglo Platinum Limited ("Anglo Platinum") and Aquarius Platinum Limited("Aquarius") implement pool and share agreement at Marikana ("The Marikana P&SA"or "P&SA2") Anglo Platinum and Aquarius announced on 13 July 2005 that they had reachedagreement to mine contiguous properties on their respective Rustenburg andMarikana properties. The agreement, similar in nature to the Kroondal pool andshare agreement, provides for the parties to pool their assets, while retainingownership thereof, and to share the proceeds equally. Anglo Platinum and Aquarius are pleased to announce that all conditionsprecedent including statutory and regulatory consents and approvals have beenfulfilled and the boards of both Anglo Platinum and Aquarius Platinum haveapproved the P&SA2. Economic benefits and liabilities will be shared from the effective commencementdate of the P&SA2 which remains 22 September 2005. Construction work to expandthe existing Marikana concentrator will commence shortly. The Marikana P&SA offers significant synergies to both Anglo Platinum andAquarius, increasing the output of platinum group metals in a capital and costefficient manner. For further information, please contact: Trevor Raymond Gert AckermanAnglo Platinum Aquarius Platinum (South Africa)(Pty) Ltd+27(0) 11 373-6462 +27 11 202-8629+27 (0) 82 654 8467 +27 82 498 7749 Nick Bias Aquarius Platinum Ltd + 44 7887 920 530 This information is provided by RNS The company news service from the London Stock Exchange