WESIZWE PLATINUM LIMITEDPresentation to the Mining on Top Africa Summit

25 and 26 June 2013

Mr Hamlet Morule, Executive: Corporate Affairs and

Investor Relations

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DISCLAIMER

• Certain forward-looking statements may be contained in the presentation which include, without limitation, expectations regarding metal prices, estimates of production, operating expenditure, capital expenditure and projections regarding the completion of capital projects as well as the financial position of the company. Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achievements to differ materially from those expressed, implied or projected in any forward-looking statements as a result of, among other factors, changes in economic and market conditions, changes in the regulatory environment and other business and operational risks.

• No representation or warranty, express or implied, is made by Wesizwe Platinum, nor any of its subsidiaries, that the material contained in this presentation will be achieved or prove to be correct. Except for statutory liability which cannot be excluded, each of Wesizwe’s officers, employees and advisers expressly disclaims any responsibility for the accuracy or completeness of the material contained in this presentation and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission there from. Wesizwe accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in this presentation or any other information made available to a person nor any obligation to furnish the person with any further information.

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INTRODUCTION

• Wesizwe is moving ahead with the development of the Bakubung Platinum Mine located on the Western Bushveld

• The mine will produce up to 350koz per annum over a 35 year life of mine, with production ramp-up from 2018

• Chinese strategic equity partner and funder ensures that the project is funded

• Wesizwe also owns a 26% stake in the PTM-managed Maseve Project, which is adjacent to the Bakubung Platinum Mine

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VISION AND PURPOSE

VISION

To become a significant multi-commodity company, focusing on strategic metals with sound derived demand fundamentals

PURPOSE

To create shareholder value in an environmentally responsible and sustainable manner based on long-term relationships with government

and local communities

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KEY STRATEGIES

• To ensure that the Bakubung Platinum Mine is delivered within budget and on schedule

• To explore synergies with industry peers on consolidation opportunities in the vicinity of the Bakubung Platinum Mine

• To achieve 26% BEE ownership by 2014, from the current 16% HDSA Holding

• Definitive Growth (Acquisitions) within the Platinum Sector (SA) and in Base Metals (Southern Africa)

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CLEAN OWNERSHIP STRUCTURE

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PERFECTLY LOCATED QUALITY RESOURCE

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Western Limb provides 67% of the world’s platinum

High quality resource…at the centre of platinum gravity of the Western Bushveld, which is a fully explored, quality new mining area

Flat lying, thick reef • Easier, more efficient

mining• Amenability to

mechanisation

• Fewer mining levels• Lower cost mining

regime

KEY ASSET DIFFERENTIATORS

• Shallow in relation to other producers: mean mining depth of 850mbc

• High mining extraction – 74%

• Thick reef widths - 1.4m to 1.7m - higher operating efficiency and yields

• Favourable prill split – good Pt yield from Merensky reef, improved basket

value

• Head grades in line with normal averages in the region

• Sequential mining starts with Merensky mining for first 10 years steady state

• Flexible mine design based on flat dipping reef with ore handling infrastructure

in the footwall of the UG2

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RESOURCES (4E Moz)

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HIGHLY FAVOURABLE PRILL SPLIT

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Pt

g/t, 64.7%

Pd

g/t, 26.9%

Rh

g/t, 4.6%

Au

g/t, 3.8%

Merensky prill split, without Ruthenium (Bakubung)

Pt

g/t, 59.7%

Pd

g/t, 29.2%

Rh

g/t, 10.6%

Au

g/t, 0.4%

UG2 prill split (Bakubung)

MERENSKY Pt to Pd Ratio: 2,42 Ratio is one of the highest in the industry

Production profile

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-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

Forecast Annual Production tonnages (t)WasteUG2Merensky

LOM2049

Start of pre-sink

2012

Full Production

2023

Start of Production

2018

Merensky depleted

2039

FUNDING

• The China Development Bank (CDB) has approved the US$ 650mproject funding. The finalization of project funding documents iscurrently in progress

• The CDB, as part of the US$ 650m project funding, has also approvedtwo bridging loans of US$ 100m each.

• These short-term loans will be refunded in part by the US$ 650million long-term loan

• 15 years loan facility, applicable interest rate is the six month LIBORplus 3.5% repayments only commencing seven years after the firstdrawdown

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POSSIBLE SYNERGY OPPORTUNITIES

• Infrastructure/bulk services: water and power supply (collective discussions with ESKOM and Magalies Water)

• Concentrator Plant Synergy with Royal Bafokeng Platinum (Styldrift)

• Sharing concepts for employee housing programme

• Proposing joint training and skills development centre in the area

• Community upliftment and socio-economic development (talking to the same municipalities)

• Establishing a mine owners’ forum for three neighbouring mines to explore further synergies and collaborations

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EXPLORATION TIMES

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SITE VIEW – MARCH 2012

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SITE AERIAL VIEW

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MAIN SHAFT HEAD GEAR

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MAIN SHAFT KIBBLE WINDER

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MAIN SHAFT STAGE WINDER

% ISC Mar-13

Company Related

China-Africa Jinchuan Investment Ltd. 45.00% 732,522,177

Rustenburg Platinum Mines, Ltd. 13.01% 211,850,125

Directors & Related Holdings 0.11% 1,750,000

Total 58.12% 946,122,302

Empowerment

Micawber 809 (Pty) Limited 5.98% 97,362,283

African Continental Resources Venture (ACRV) 4.52% 73,630,000

Africa Wide Investment Holding (Pty) Ltd. 2.82% 45,937,315

Vunani Capital (Pty) Ltd 1.80% 29,261,905

Green Tree Investments (Pty) Ltd 0.82% 13,333,333

Inkwali Asset Management 0.36% 5,795,888

Total 16.30% 265,320,724

Institutional Shareholders

South Africa 2.31% 37,583,724

United Kingdom 1.67% 27,242,776

Switzerland 0.55% 8,936,767

United States 0.47% 7,649,155

Denmark 0.08% 1,369,040

Rest of Europe 0.01% 182,000

Rest of World 0.06% 941,040

Total 5.15% 83,904,502

Non Institutional Shareholders

Corporation 2.07% 33,697,142

Custodians 0.03% 461,803

Private Investors 12.61% 205,232,733

Brokerage Accounts 3.91% 63,616,617

Deutsche Bank AG London 0.82% 13,297,801

Total 19.44% 316,306,096

Total Identified Shares 99.01% 1,611,653,624

Shareholders below 20,000 shares 0.99% 16,173,434

Total Share Capital 100.00% 1,627,827,058

Market Cap (ZAR) 797,635,258

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SHAREHOLDER COMPOSITION

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THANK YOU