Circular to Amplats Shareholders - Anglo American Platinum

“NVF Period”“NVF Rate”“Operational Period”“Participation Interest”“Period” or “Periods”“Rand” or “R”“Register”“Remaining Shares”“Reporting Accountants”“Repurchase Price per share”“Repurchase Shares”“Restricted Shares”the period commencing on the Closing Date and expiring on the End Date;the notional rate of interest (nominal annual compounded daily in arrears)of 9,08% (which equates to an effective rate of 9.5% nominal annualcompounded annually) and calculated on the basis of a 365 -day year;the period commencing on the first day after the End Date and expiringon the thirtieth anniversary of the Closing Date;the rights and benefits of each of the Beneficiaries in the Trust, expressedas a percentage set out in paragraph 3.5 of the Circular;collectively or individually, as the context may require, the First Period,the Second Period and the Final Period;South African Rand, the official currency of South Africa;the register of Certificated Shareholders maintained by the TransferSecretaries and the sub-register of Dematerialised Shareholdersmaintained by the relevant CSDPs;such number of Unencumbered Shares held by the Trust at the End Date;Deloitte & Touche, Registered Auditors;an amount equal to the par value of each Subscription Share;collectively or individually, as the context may require, the First PeriodRepurchase Shares, the Second Period Repurchase Shares, the FinalPeriod Repurchase Shares or such other Subscription Shares repurchasedby the Company at the End Date as more fully detailed in Annexure 4to this Circular;60% of the Remaining Shares held by the Trust for the duration of theOperational Period for the benefit of the Beneficiaries subject to theterms and conditions of the Second Pledge and Cession Agreement;“RPM” Rustenburg Platinum Mines Limited, (registration number 1931/003380/06),a public company duly registered and incorporated under the laws ofSouth Africa, a wholly-owned subsidiary of Amplats;“Rustenburg Mine”“Safety Net Amount”“Scheme Rules”“Second Period”“Second Period Equity Trigger”“Second Pledge and Cession”the platinum group metal exploration and mining operations which,as at the Closing Date, are known as “Bathopele”, Khomanani”,“Thembelani”, “Khuseleka”, “Siphumelele” and “Rustenburg CentralServices” (and formerly collectively known as “Rustenburg Section”);in relation to each year during the NVF Period, RPM will allocate andpay to the Beneficiaries in accordance with the provisions of theTrust Deed, a safety net amount for social development projects of upto R20 million per annum, after taking into consideration the dividendsreceived by the Trust;the respective rules of the Share Schemes;the period commencing on the first day after the fifth anniversaryof the Closing Date and expiring on (and including) the eighth anniversaryof the Closing Date;the quotient of:(i) R1 700 000 000; and(ii) the number of Subscription Shares issued and allotted to the Trustat the Closing Date;the second pledge and cession agreement entered into between Amplatsand the Trust in terms of which the Trust pledges the Restricted Sharesto Amplats as security for its obligations under the Subscription andRepurchase Agreement;9