Bauba Platinum Limited announced changes to the Board which will be effective from May 30, 2015: Mr. Willem Moolman has resigned as Financial Director as a result of his decision to emigrate; Messrs Jonathan Best and Kenneth Dicks have resigned as independent nonexecutive directors due to personal reasons; Nico van der Hoven (59) has been appointed as nonexecutive director. He is a director and businessman in various sectors, with over 27 years' experience in exploration and mining; and founding member of Hernic Ferrochrome, Bauba Platinum Limited (JSE) and GoldStone Resources Limited (AIM); Martin Luyt (53) has been appointed as lead independent nonexecutive director. He is a CA(SA) having completed his articles with BDO Inc. and served as partner until 2002 in which year he established LPH Chartered Accountants Inc. Martin brings with him a wealth of experience, having spent time working in countries such as England, Kenya, Namibia, Zambia and Guyana; CarlHeinz Gernandt (33) has been appointed as Financial Director.

He previously held directorships, financial managerial and internal auditing positions at various listed and auditingrelated companies. His experienc within the mining sector includes roles as group financial manager at Jubilee Platinum PLC and Financial Director at Mine Restoration Investments Limited. Nick van der Hoven (29) has been appointed as executive director.