Issue of Equity

Jubilee Platinum PLC
07 November 2003


                                                            JUBILEE PLATINUM plc
                                                               37 Thurloe Street
                                                                  London SW7 2LQ
                                                              Tel: [phone]
                                                              Fax: [phone]

Press Release - 7 November 2003
   
               Jubilee Platinum Plc ('Jubilee' or the 'Company')

                                Issue of equity


Jubilee is pleased to announce that it has agreed to place 4,000,000 new
ordinary shares of 0.1p each at 20 pence per share with institutional investors
raising £800,000 (gross).  This issue of shares represents 9.4 per cent of the
enlarged issued share capital.


As a result of this placement, both Framlington Investment Management Ltd and
Gartmore Investment Management plc will have a 3.51% interest in the enlarged
equity capital of the company.


Application will be made for 4,000,000 ordinary shares of 0.1p in the Company,
which will rank pari passu with existing ordinary shares, to be admitted to
trading on the Alternative Investment Market.


Admission of the new ordinary shares is expected to take place on 19th November
2003.



 Ends



Enquiries:

Insinger Townsley                                    Parkgreen Communications
Peter Ward                                           Cathy Malins
Tel: [phone]                                   Tel: [phone]


This information is provided by RNS
The company news service from the London Stock Exchange



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                      This information is provided by RNS
            The company news service from the London Stock Exchange