Circular to Amplats Shareholders - Anglo American Platinum

“Securities Services Act”“SENS”“Share Option Scheme”“Share Option Scheme 2003”“Share Schemes”“South Africa”“Specific Issue”“Strate”“Subscription and RepurchaseAgreement”“Subscription Date”“Subscription Price”“Subscription Shares”“TNAV”“Trading Day”“Transaction Term”“Transaction Value”“Transfer Secretaries”Securities Services Act (Act 36 of 2004), as amended;the Securities Exchange News Service of the JSE;the Anglo American Platinum Corporation Limited Share OptionScheme constituted in terms of a deed adopted at a general meetingof Anglo American Platinum Corporation Limited (as it was then known),on 12 November 1998, as subsequently amended;Anglo American Platinum Corporation Limited Share Option Scheme2003 constituted in terms of a deed adopted at a general meetingof Anglo American Platinum Corporation Limited (as it was then known)on 30 March 2004, as subsequently amended;the Amplats share schemes being the Share Option Scheme,the Long -Term Incentive Plan, the Share Option Scheme 2003 and theBonus Share Plan;the Republic of South Africa;the specific issue of the Subscription Shares by Amplats to the Trustin accordance with the Subscription and Repurchase Agreement;Strate Limited (registration number 1998/022242/06), a public companyincorporated in accordance with the laws of South Africa and a registeredCentral Securities Depository responsible for the electronic custody andsettlement system used by the JSE;the subscription and repurchase agreement between Amplats and theTrust dealing, inter alia, with the allotment and issue of the SubscriptionShares to the Trust and the repurchase by Amplats of certain of thoseSubscription Shares;the date on which the Trust subscribes for the Subscription Shares,which shall occur on the Closing Date;the price per share at which the Trust will subscribe for the SubscriptionShares, being the par value of the Subscription Shares, and the aggregateSubscription Price being calculated as the Subscription Price multipliedby the number of Subscription Shares;6 290 365 Amplats Ordinary Shares to be issued and allotted by Amplats,and subscribed for by the Trust, which number of Amplats OrdinaryShares is determined as the Transaction Value divided by the MarketValue of an Amplats Ordinary Share, as at the date which is two TradingDays immediately preceding the Announcement Date, as adjusted fromtime to time to the extent that such shares become Repurchase Sharesor Unencumbered Shares;tangible NAV;each Trading Day of an Amplats Ordinary share on the JSE, beinga Business Day;the period from (and including) the Subscription Date to (and including)the End Date;approximately R3.5 billion being the gross transaction value calculatedas an amount equivalent to approximately 2.33% of Amplats marketcapitalisation (post the issue of the Subscription Shares) as atthe date which is two Trading Days immediately preceding theAnnouncement Date;Computershare Investor Services Proprietary Limited (registrationnumber 2004/003647/07), a private company incorporated in accordancewith the laws of South Africa;10