Circular to Amplats Shareholders - Anglo American Platinum

Description Formula input Rand WorkingsSecond Period Repurchase– Inputs12-Sep-2017Second PeriodRepurchaseNVF Balance (12-Sep-2017) 3,210,000,000 [10]Subscription Shares held by the OS 4,193,577 ([2] – [7]) = [11]Trust (number)NVF outstanding per share NOS 765.46 ([10] / [11]) = [12]Second Equity Trigger 1,700,000,000 [13]Second Period Equity Trigger– per share NS 2270.25 ([13] / [2]) = [14]Second Period Subscription Shares P 23,145,183 [15]Final Period Subscription Shares P 36,290,365 [16]Market Value on 12-Sep-2017 MV 1,037 [17]MV ≥ NOS + NS 2Yes ([17] ≥ [12] + [14])Second Period Repurchase– ResultSecond Period Repurchase R 2773,871 (([12] x ([11] – ([16] – [15])) / [17] = [18]Shares (number)Second Period Unencumbered U 2274,524 ([11] – ([16] – [15]) – [18]) = [19]Shares (number)Value of Second Period 284,681,178 ([19] x [17])Unencumbered SharesCumulative value ofUnencumbered Shares 887,454,020 ([9] + [19]) * [17]44