Withdrawal of Cautionary Announcement

 

17 June 2011
AIM: JLP
JSE: JBL
Registration number: 4459850
ISIN: GB0031852162

JUBILEE PLATINUM PLC
(“Jubilee” or “the Company”)

SHAREHOLDER UPDATE AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT

Further to the announcement dated 20 May 2011, in which Jubilee advised that it had received an approach and held discussions regarding the making of a possible offer for the Company, Jubilee advises that due to current market conditions both parties have ended talks regarding a merger of the two entities.  However, discussions continue with regards to the formation of strategic joint ventures for the co-funding of Jubilee’s short and medium term business plan whilst ensuring that Jubilee retains its exclusive processing rights to the ConRoast process. 

Shareholders are referred to the cautionary announcement published on 20 May 2011 and are advised that as the subject matter of the cautionary announcement has ended the said cautionary announcement is withdrawn.

 

For further information please contact:

Colin Bird/Leon Coetzer/Andrew Sarosi

Jubilee Platinum plc

Tel +44 (0) 20 7584 2155 / Tel +27 (0)11 465 1913/+44 (0)1752 221937

Matthew Robinson/Ed Frisby/Ben Thompson – Corporate Finance

finnCap Ltd

Tel +44 (0) 20 7600 1658

Michael Kinirons/Nick Rome

Bishopsgate Communications Ltd

Tel +44 (0) 20 7562 3350

Johannesburg

Sponsor

Sasfin Capital

(A division of Sasfin Bank Ltd)