Trading statement

Shareholders are advised that both the group's earnings per share and headline earnings per share for the year ended 30 June 2010 are estimated to be between 170 and 190 cents. This compares with earnings per share of 183.7 cents per share and headline earnings per share of 172.2 cents per share reported for the previous comparable period ended 30 June 2009.

Total PGM sales volumes were approximately 18% higher than the previous comparable period which combined with a marginally higher average Rand basket price received resulted in significantly higher total revenue for the group.

The weighted average number of shares in issue at 30 June 2010 was 360 291 885, compared with 343 162 299 at 30 June 2009.

The preliminary results for the year ended 30 June 2010 will be released on or about 20 August 2010.

The information contained in this announcement has not been reviewed or reported on by the company's auditors.

Johannesburg
10 August 2010

Sponsor
Barnard Jacobs Mellet Corporate Finance (Pty) Limited