Platinum Australia - Additional Listing

RNS Number:2552M
Platinum Australia Limited
22 January 2008

AIM Release

22 January 2008

Appendix 3B

Enclosed please find Appendix 3B in relation to the conversion of Employee
Options and quotation of shares released from escrow. We further advise that
100,000 Employee Options expiring 30 April 2010 exercisable at 83 cents have
been cancelled.

Yours faithfully

PLATINUM AUSTRALIA LIMITED

GILLIAN SWABY

Company Secretary

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement,

application for quotation of additional securities

and agreement

Information or documents not available now must be given to ASX as soon as
available. Information and documents given to ASX become ASX's property and may
be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/
2001, 11/3/2002.

Name of entity

Platinum Australia Limited

ABN

99 096 417 942

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough
space).

1 +Class of +securities issued or to be Fully Paid Shares on Conversion of Options
issued

2 Number of +securities issued or to be 5,000
issued (if known) or maximum number
which may be issued

3 Principal terms of the +securities (eg, N/A
if options, exercise price and expiry
date; if partly paid +securities, the
amount outstanding and due dates for
payment; if +convertible securities,
the conversion price and dates for
conversion)

4 Do the +securities rank equally in all Yes
respects from the date of allotment with
an existing +class of quoted
+securities?

If the additional securities do not rank
equally, please state:

• the date from which they do

• the extent to which they
participate for the next dividend, (in
the case of a trust, distribution) or
interest payment

• the extent to which they do not
rank equally, other than in relation to
the next dividend, distribution or
interest payment

5 Issue price or consideration 22.5cents

Purpose of the issue Conversion of Employee Share Options

6 (If issued as consideration for the
acquisition of assets, clearly identify
those assets)

7 Dates of entering +securities into 23 November 2007
uncertificated holdings or despatch of
certificates

Number +Class
8 Number and +class of all +securities
quoted on ASX (including the securities
in clause 2 if applicable) 207,525,521 Fully paid shares

Number +Class Options

9 Number and +class of all 155,000 22.5 cents - 05/11/08
+securities not quoted on ASX
(including the securities in clause 3,800,000 35 cents - 10/12/09
2 if applicable)
2,500,000 20 cents - 11/12/09

550,000 37 cents - 30/11/09

400,000 70 cents - 06/06/10

3,000,000 $1.25 - 21/12/11

100,000 $1.29 - 6/06/10

900,000 $1.74 - 30/06/11

10 Dividend policy (in the case of a
trust, distribution policy) on the
increased capital (interests) Dividends not yet paid

Part 2 - Bonus issue or pro rata issue

11 Is security holder approval required?

12 Is the issue renounceable or
non-renounceable?

13 Ratio in which the +securities will be
offered

14 +Class of +securities to which the
offer relates

15 +Record date to determine entitlements

16 Will holdings on different registers
(or subregisters) be aggregated for
calculating entitlements?

17 Policy for deciding entitlements in
relation to fractions

18 Names of countries in which the entity
has +security holders who will not be
sent new issue documents

Note: Security holders must be told how
their entitlements are to be dealt
with.

Cross reference: rule 7.7.

19 Closing date for receipt of acceptances
or renunciations

20 Names of any underwriters

21 Amount of any underwriting fee or
commission

22 Names of any brokers to the issue

23 Fee or commission payable to the
broker to the issue

24 Amount of any handling fee payable to
brokers who lodge acceptances or
renunciations on behalf of +security
holders

25 If the issue is contingent on +security
holders' approval, the date of the
meeting

26 Date entitlement and acceptance form
and prospectus or Product Disclosure
Statement will be sent to persons
entitled

27 If the entity has issued options, and
the terms entitle option holders to
participate on exercise, the date on
which notices will be sent to option
holders

28 Date rights trading will begin (if
applicable)

29 Date rights trading will end (if
applicable)

30 How do +security holders sell their
entitlements in full through a broker?

31 How do +security holders sell part of
their entitlements through a broker and
accept for the balance?

32 How do +security holders dispose of
their entitlements (except by sale
through a broker)?

33 +Despatch date

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of
securities

34 Type of securities

(tick one)

(a) FORMCHECKBOX Securities described in Part 1

(b) FORMCHECKBOX All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities
that become fully paid, employee incentive share securities when restriction ends,
securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

(If the additional securities do not form a new class, go to 43)

Tick to indicate you are providing the information
or documents

35 FORMCHECKBOX If the +securities are +equity securities, the names of the 20 largest holders of the
additional +securities, and the number and percentage of additional +securities held by
those holders

36 FORMCHECKBOX If the +securities are +equity securities, a distribution schedule of the additional
+securities setting out the number of holders in the categories

1 - 1,000

1,001 - 5,000

5,001 - 10,000

10,001 - 100,000

100,001 and over

37 FORMCHECKBOX A copy of any trust deed for the additional +securities

(now go to 43)

Entities that have ticked box 34(b)

38 Number of securities for which 15,000,000
+quotation is sought

39 Class of +securities for which Fully Paid Shares
quotation is sought

40 Do the +securities rank equally in all Yes
respects from the date of allotment
with an existing +class of quoted
+securities?

If the additional securities do not
rank equally, please state:

• the date from which they do

• the extent to which they
participate for the next dividend, (in
the case of a trust, distribution) or
interest payment

• the extent to which they do not
rank equally, other than in relation to
the next dividend, distribution or
interest payment

41 Reason for request for quotation now Release from Escrow

Example: In the case of restricted
securities, end of restriction period

(if issued upon conversion of another
security, clearly identify that other
security)

Number +Class
42 Number and +class of all +securities 207,525,521 Fully Paid Shares
quoted on ASX (including the securities
in clause 38)

(now go to 43)

All entities

Fees

43 Payment method (tick one)

FORMCHECKBOX Cheque attached

FORMCHECKBOX Electronic payment made

Note: Payment may be made electronically if Appendix 3B is given to ASX
electronically at the same time.

FORMCHECKBOX Periodic payment as agreed with the home branch has been arranged

Note: Arrangements can be made for employee incentive schemes that involve
frequent issues of securities.

Quotation agreement

1 +Quotation of our additional +securities is in ASX's absolute
discretion. ASX may quote the +securities on any conditions it decides.

2 We warrant the following to ASX.

• The issue of the +securities to be quoted complies with the law and
is not for an illegal purpose.

• There is no reason why those +securities should not be granted
+quotation.

• An offer of the +securities for sale within 12 months after their
issue will not require disclosure under section 707(3) or section 1012C(6) of
the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for
the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply
to any applications received by us in relation to any +securities to be quoted
and that no-one has any right to return any +securities to be quoted under
sections 737, 738 or 1016F of the Corporations Act at the time that we request
that the +securities be quoted.

• We warrant that if confirmation is required under section 1017F of
the Corporations Act in relation to the +securities to be quoted, it has been
provided at the time that we request that the +securities be quoted.

• If we are a trust, we warrant that no person has the right to return
the +securities to be quoted under section 1019B of the Corporations Act at
thetime that we request that the +securities be quoted.

3 We will indemnify ASX to the fullest extent permitted by law in
respect of any claim, action or expense arising from or connected with any
breach of the warranties in this agreement.

4 We give ASX the information and documents required by this form. If
any information or document not available now, will give it to ASX before
+quotation of the +securities begins. We acknowledge that ASX is relying on the
information and documents. We warrant that they are (will be) true and
complete.

Sign here: ....................................... Date: 22 January 2008

(Director/Company secretary)

Gillian Swaby

Print name:........................................

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