Royal Bafokeng Platinum Limited (JSE:RBP) News - Dealings in terms of the RBPlat share schemes ROYAL BAFOKENG PLATINUM LIMITED (Incorporated in the Republic of South Africa) (Registration number 2008/015696/06) JSE share code: RBP ISIN: ZAE000149936 ("RBPlat" or the "Company") DEALINGS IN TERMS OF THE RBPLAT SHARE SCHEMES In accordance with paragraph 3.63 of the JSE Limited Listings Requirements (“the Listings Requirements”), shareholders are advised of the share dealings in respect of the RBPlat Bonus Share Plan (“BSP”) and the conditional Forfeitable Share Plan (“FSP”) (collectively, the “RBPlat Share Schemes”). Vesting of BSP and FSP scheme shares: On 5 April 2022, pursuant to the withdrawal of the cautionary announcement issued by the Company and the lifting of the RBPlat share trade embargo, the full tranche of BSP awards (100%) and the first tranche of FSP awards (one third) allocated on 1 April 2019, vested. Following the independent review of the performance conditions in respect of the FSP scheme shares, being Total Shareholder Return (TSR), Capital Management and ESG, which was subsequently approved by the Remuneration and Nominations Committee, it is confirmed that 84.17% of the FSP awards of 2019 will vest. The remaining balance of the first tranche of the FSP awards will be forfeited. In respect of the vested BSP and FSP scheme shares, the following transactions for the executive directors, prescribed officers and the company secretary are reported below. Executive Director and CEO DS Phiri Date of transactions 11 April 2022 Class of share Ordinary shares BSP shares vested 61 430 FSP shares vested (150 744 awarded) 126 881 Total vested shares* 188 323 FSP shares forfeited 23 863 Price per share R90 cash and 0.3 Implats share per RBPlat share Proceeds from sale of shares R16 949 080 cash and 56 497 Implats shares Nature of transaction Off-market vesting of shares and subsequent off-market disposal* Executive Director and outgoing CFO HA Rossouw Date of transactions 11 April 2022 Class of shares Ordinary shares BSP shares vested 10 336 FSP shares vested (109 128 awarded) 91 853 Total vested shares* 102 198 FSP shares forfeited 17 275 Price per share R90 cash and 0.3 Implats share per RBPlat share Proceeds from sale of shares R9 197 820 cash and 30 659 Implats shares Nature of transaction Off-market vesting of shares and subsequent off-market disposal* Prescribed Officer NA Carr Date of transactions 11 April 2022 Class of shares Ordinary shares BSP shares vested 40 657 FSP shares vested (87 783 awarded) 73 887 Total vested shares* 114 551 FSP shares forfeited 13 920 Price per share R90 cash and 0.3 Implats share per RBPlat share Proceeds from sale of shares R10 309 590 cash and 34 365 Implats shares Nature of transaction Off-market vesting of shares and subsequent off-market disposal* Prescribed Officer L Montshiwagae Date of transactions 11 April 2021 Class of shares Ordinary shares BSP shares vested 23 472 FSP shares vested (42 284 awarded) 35 590 Total vested shares* 59 066 FSP shares forfeited 6 694 Price per share R90 cash and 0.3 Implats share per RBPlat share Proceeds from sale of shares R5 315 940 cash and 17 719 Implats shares Nature of transaction Off-market vesting of shares and subsequent off-market disposal* Prescribed Officer KV Tlhabanelo Date of transactions 11 April 2021 Class of shares Ordinary shares BSP shares vested 30 645 FSP shares vested (53 689 awarded) 45 190 Total vested shares and sold 75 839 FSP shares forfeited 8 499 Sale price per share sold R163.54 Proceeds from the sale of shares R12 402 710.06 Nature of transaction Direct beneficial Prescribed Officer R Manenzhe Date of transactions 11 April 2021 Class of shares Ordinary shares BSP shares vested and sold 28 870 Sale price per share sold R163.54 Proceeds from the sale of shares R4 721 399.80 Nature of transaction Direct beneficial Company Secretary LC Jooste Date of transactions 11 April 2021 Class of shares Ordinary shares BSP shares vested and sold 27 856 Sale price per share sold R163.54 Proceeds from the sale of shares R4 555 570.24 Nature transaction Direct beneficial *The total number of vested shares have been tendered into the Impala Platinum Limited (Implats) offer of R90 cash and 0.3 Implats share for each RBPlat share. Cash proceeds will be used to settle the tax liability of the vested RBPlat shares. Vesting of Share Appreciation Rights Scheme Shares (SARs) Pursuant to the announcement made on 1 July 2021, shareholders were informed that the CFO would exit the organisation on 3 April 2022. The Board, through the Remuneration and Nominations Committee, having considered the special circumstances around the CFO’s extended notice period and significant contribution to the organisation during that period, have approved that he would receive, a prorated accelerated vesting of SARs awards received on 1 October 2018, as follows: Outgoing CFO HA Rossouw Date of transactions 8 April 2022 SARs vested and exercised 420 248 Strike price R25.61 Strike price value R10 762 551.28 SARs forfeited 113 398 Exercise price R160.56 Proceeds of the transaction R67 475 018.88 Nature of transaction Off-market vesting In terms of the BSP and FSP scheme shares, a total of 38 329 and 289 550 scheme shares have been forfeited respectively. Prior clearance to deal in respect of the on-market and off-market transactions, as mentioned above, was obtained. Johannesburg 11 April 2022 JSE Sponsor Merrill Lynch South Africa Proprietary Limited t/a BofA Securities For further enquiries, please contact: Lester Jooste Company Secretary Tel: +27 (0)10 590 4519 Email: lester@bafokengplatinum.co.za Date: 11-04-2022 05:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.