AQUARIUS PLATINUM LIMITED

ASX, LSE & JSE

                                                                   3 March 2015

                         SALE OF Everest Mine - UPDATE

Aquarius Platinum Limited (AQP) announced on 10 February 2015 that its
subsidiary, Aquarius Platinum (South Africa) (Pty) Ltd (AQPSA), has entered
into an agreement to sell AQPSA's entire interest in the Everest mine and
related mining and processing infrastructure and immovable properties (Everest)
to Northam Platinum Limited (Northam) (together the "Disposal"), for an
aggregate consideration of R450 million, payable in cash.

AQP has been in discussions with the UK Listing Authority regarding the
classification of the Disposal under Chapter 10 of the UK Listing Rules.
Further to such discussions, AQP confirms that the transaction is a Class 2
transaction under Chapter 10 of the UK Listing Rules and will not require the
approval of AQP's shareholders.

For further information please contact:

In South Africa:                       In Australia:

Jean Nel                               Willi Boehm
Aquarius Platinum (South Africa) (Pty)
Ltd                                    Aquarius Platinum Corporate Services Pty
                                       Ltd
+27 (0) 10 001 2848
                                       +61 (0) 8 9367 5211

or visit: www.aquariusplatinum.com

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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