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Announcements



No change statement and notice of annual general meeting and posting of circular to shareholders regarding the restructure plan

6 June 2013

1. No change statement and notice of annual general meeting

Further to Atlatsa`s audited consolidated financial statements, Management Discussion and Analysis of financial condition and results of the operations and the Annual Report on Form 20-F, for the year ended 31 December 2012 (the “Annual Report”), published and filed on 28 March 2013, shareholders are advised that the Company’s annual general meeting will be held at 16:15 Central African Time (07:15 Pacific Time) on Friday, 28 June 2013 at Atlatsa’s Offices, 4th Floor, 82 Grayston Drive, Sandton, Johannesburg, South Africa, to transact the business as set out in the Notice of the Annual General Meeting, posted to shareholders today, 6 June 2013 and filed on 31 May 2013, with the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (“SEDAR”).

The Annual Report contains no modifications to the aforementioned published Annual Report and copies of the Annual Report and the Notice of Annual General Meeting may be obtained on SEDAR at www.sedar.com, on the Company’s website at www.atlatsaresources.com or from the offices of Atlatsa in South Africa – 4th Floor, 82 Grayston Drive, Sandton, Johannesburg 2146.

2. Posting of circular to shareholders regarding the restructure plan

2.1 Introduction

Shareholders of Atlatsa are referred to the announcements released from 2 February 2012, to 27 March 2013 and 21 May 2013 respectively, relating to the agreement of key terms in respect of the transactions to restructure, recapitalize and refinance Atlatsa and Bokoni Platinum Holdings Proprietary Limited (“Holdco”) and all of its subsidiaries (“the Bokoni group”) (the “Restructure Plan”), as well as the media releases on 27 September 2012 and 2 October 2012 relating to the conclusion of the interim implementation agreement relating to the consolidation of the Bokoni group debt and consequent reduction in its cost of borrowing (“ phase one of the Revised Restructure Plan”).

2.2 Revised dates regarding the fulfilment of the conditions precedent and implementation of the restructure plan

Shareholders of Atlatsa are referred to the announcement released on 27 March 2013 in relation to the conditions precedent of the Restructure Plan. The date for the fulfilment of all of the conditions precedent is 27 September 2013. It is anticipated that the Restructure Plan will be implemented by 24 October 2013.

2.3. Posting of circular and notice of special general meeting

An Information Circular containing full details of the Restructure Plan and incorporating a notice of special general meeting of Atlatsa shareholders was posted to shareholders today, 6 June 2013 and filed on SEDAR on 31 May 2013.

Shareholders are advised that the special general meeting will be held at the registered office of Atlatsa, being 4th Floor, 82 Grayston Drive, Sandton, Johannesburg on 28 June, 2013 at 16:00 (Central African Time) (07:00 Pacific Time), with a live simulcast by video conference to Atlatsa’s registered offices in Canada at Suite 1300, 777 Dunsmuir Street, Vancouver, British Columbia (“the Meeting”), for the purpose of considering and, if deemed fit, passing with or without modification, the ordinary resolutions relating to the Restructure Plan.

2.4. Salient dates and times

The important dates and times relating to the Restructure Plan are set out below:

  2013
Last day to trade in order to participate in and vote at the meeting 21 May
Record date for shareholders to be eligible to receive the Information Circular and notice of Meeting and participate in and vote at the Meeting 28 May
Commencement of Posting of the Information Circular to shareholders 31 May
Last Day to lodge forms of proxy in respect of the Meeting by 16:00 Central African Time 26 June
The Meeting to be held at 16:00 Central African Time 28 June
Results of the Meeting released on SENS and filed on SEDAR 28 June
Results of the Meeting published in the South African press 1 July
Expected date of Restructure Plan becoming unconditional 27 September

Notes:

  1. 1. The above dates and times are subject to amendment. Any such amendment will be released on Stock Exchange News Service (“SENS”) and SEDAR.
  2. 2. No orders to dematerialise or rematerialise securities will be processed from the business day following the last date to trade, 22 May, 2013 up to and including the record date 28 May 2013 but such orders will again be processed from the first business day after the record date.
  3. 3. The certificated register will be closed between the last day to trade, 21 May 2013 and the record date 28 May 2013.

Johannesburg
6 June 2013

JSE Sponsor
Macquarie First South Capital (Pty) Limited

For further information:

On behalf of Atlatsa Resources

Joel Kesler
Chief Commercial Officer
Office: +27 11 779 6800
Mobile: +27 82 454 5556

Russell and Associates

Charmane Russell
Office: +27 11 880 3924
Mobile: +27 82 372 5816

Macquarie First South Capital (Pty) Ltd

Annerie Britz / Yvette Labuschagne
Office: +27 11 583 2000