REG-Aquarius Platinum: Further re Unprotected industrial action

AQUARIUS PLATINUM LIMITED

ASX, LSE & JSE

27 August 2009

Update : Unprotected industrial action by contractor employees at
Kroondal and Marikana operations

Aquarius Platinum Limited (AQP) advises that further to the announcement of
Wednesday 26 August, the principal underground mining contractor at Aquarius
Platinum (SA) (Pty) Ltd's (AQPSA) Kroondal and Marikana operations, has
dismissed 3,900 of its employees as a result of unprotected industrial action.
The dismissal was effective on the afternoon of Wednesday 26 August.

AQPSA expects that production at the affected shafts will commence on Monday 31
August and will ramp up over a period of up to two weeks while further
employees are engaged and deployed to these operations. AQPSA anticipates a
production loss of some 15,000 ounces PGMs (4E) (50% attributable to AQP).

The company regrets this outcome, but acknowledges that the process has been
conducted in accordance with the Labour Relations Act.

The relining of the K2 mill has commenced and is scheduled for completion on
Tuesday 1 September.

For further information please contact:

In Australia:

Willi Boehm
+61 (0) 8 9367 5211

In the United Kingdom:

Stuart Murray

+ 27 (0) 11 656 1140

In South Africa:

Charmane Russell

+27 (0) 11 880 3924

REGISTERED OFFICE

Aquarius Platinum Limited ● Clarendon House ● 2 Church Street ● Hamilton HMCX
Bermuda

Email: info@aquariusplatinum.com

Telephone: +61 8 9367 5211

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