2014

Atlatsa Resources Corporation - Early Warning Press Release

VANCOUVER, Jan. 14, 2014 /CNW/ - This press release is being disseminated by Rustenburg Platinum Mines Limited ("RPM"), of No. 55 Marshall Street, Marshalltown, Johannesburg, South Africa, 2107, a wholly-owned subsidiary of Anglo American Platinum Limited as required by National Instrument 62‐103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues.

On January 14, 2014, pursuant to a framework agreement (the "Framework Agreement") with Atlatsa Resources Corporation ("Atlatsa"), Plateau Resources Proprietary Limited, Atlatsa Holdings Proprietary Limited ("Atlatsa Holdings") and Pelawan Finance SPV Proprietary Limited, RPM converted a previously acquired convertible instrument which together with related contractual arrangements will result in RPM acquiring 115,800,000 common shares (the "RPM Consideration Shares") of Atlatsa. The RPM Consideration Shares represented approximately 26.97% of the outstanding common shares of Atlatsa on a fully-diluted basis as at the date of their issuance.

Following the conversion of the convertible instrument, pursuant to the Framework Agreement, RPM will transfer the RPM Consideration Shares to Atlatsa Holdings, which will reduce RPM's holdings of Atlatsa common shares to 0% of the outstanding common shares of Atlatsa. The RPM Consideration Shares will be transferred to Atlatsa Holdings for aggregate consideration of R463,200,000 (approximately Cdn$46,783,200, based on the Bank of Canada noon exchange rate 0.1010 for conversion of South African rand into Canadian dollars as of January 14, 2014), which will be paid by way of a vendor finance loan account set up by RPM.  Following the sale to Atlatsa Holdings of the 115,800,000 Atlatsa Shares, RPM will hold 0% of the issued and outstanding Atlatsa Shares.

The transactions under the Framework Agreement are being undertaking in connection with the restructuring of certain debt owed by Atlatsa to RPM and in order to simplify the capital structure of Atlatsa.

An early warning report in respect of the transactions pursuant to the Framework Agreement will be filed with the relevant Canadian securities regulatory authorities. Copies of such reports may be obtained from SEDAR at www.sedar.com or by contacting Emma Chapman at Tel: +44 (0)20 7968 8451 or emma.chapman@angloamerican.com.

SOURCE Atlatsa Resources Corporation



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