Anglo American Platinum : trading statement for the twelve months ending 31 December 2017

With reference to the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by at least 20% from those of the previous corresponding reporting period.

Anglo American Platinum advises shareholders, with reasonable certainty, that due to cost reductions and improved operational delivery across the Company, headline earnings and headline earnings per share ('HEPS') for the period will be at least 20% (R373 million or 143 cents per share) higher than that reported for the twelve months ended 31 December 2016 ('the comparative period'). Headline earnings and HEPS for the comparative period were R1,867 million and 713 cents respectively.

Basic earnings and basic earnings per share ('EPS') will also be at least 20% (R126 million or 48 cents per share) higher than the comparative period. Basic earnings and EPS for the comparative period were R632 million and 241 cents respectively.

There is currently insufficient certainty to enable the Company to provide specific guidance on its expected results and it is anticipated that Anglo American Platinum will publish a further trading statement closer to the release of its annual financial results.

The forecast financial information on which this trading statement is based has not been reviewed, or reported on, by the Company's external auditors.

Johannesburg, South Africa

15 December 2017