Anglo Platinum Limited Board Charter

PLATINUMANGLO PLATINUM LIMITEDBOARD CHARTER6. MATTERS RESERVED FOR BOARD DECISIONThe following material matters are specifically reserved for decision by the Board ofDirectors:Accounting Policies and Practice:Adoption of any significant change or departure.Announcements:Official public announcements which are made by the order of the Board, Chairman,Deputy Chairman, CEO or Directors in terms of the Authority Policy Manual.Articles (Memorandum of Incorporation):Recommendations to shareholders for amendments thereto.Auditors (Head of Internal):On the recommendations of the Audit Committee appointment, removal andreplacement thereof.Authorities Policy Manual:Approval and material amendments thereto.Board of Directors:• Frequency of Board meetings.On the recommendation of the Nomination Committee:• Appointments to and removals from the Board;• Appointments of Chairman, Deputy Chairman, Lead Independent Non-ExecutiveDirector, Chief Executive Officer, Executive Directors, Non-Executive Directorsand Independent Non-Executive Directors and determination of their Terms ofReference and powers;• Approval of nominations of Alternate Directors; and• Succession planning.Borrowings:• Exercise of borrowing powers involving amounts in accordance with theprovisions of the Articles of Association;• The granting of any security for borrowings other than in the ordinary course ofbusiness; and• The granting of any debt covenant.Budgets and Strategic Plans:• The approval thereof on an annual basis; and• The approval of and material deviation there from.Business Principles and Code of Ethics:Formulation and amendments thereto.7