Aquarius Platinum confirms receiving Kasukuwere's letter

Aquarius Platinum confirms recent media comment to the effect that its (indirectly held) Zimbabwean subsidiary, Mimosa Holdings (Pvt) Ltd ("Mimosa"), received a letter on Friday, 19 August 2011 from the Minister of Youth Development, Indigenisation and Empowerment that, inter alia, rejects the proposed plan for indigenisation submitted by Mimosa on Monday, 9 May 2011, and further requires that Mimosa submit a revised proposal by the end of August.

Mimosa's senior management said it remains in discussions with all of the various relevant Zimbabwean authorities in order to ensure that a satisfactory position is arrived at within the timeframes required by the relevant legislation. Further disclosures to shareholders will be made as information in respect of this process becomes available.