Issue Of Ordinary Shares For

RNS Number : 9651Z

Jubilee Platinum PLC

30 September 2009

Date: 30 September 2009

AIM: JLP

JSE:JBL

Registration number :4459850

ISIN GB0031852169

JUBILEE PLATINUM PLC

('Jubilee' or the 'Company')

ISSUE OF ORDINARY SHARES FOR CASH

INTRODUCTION

At the annual general meeting of the company held on 26 November 2008, the requisite majority of shareholders approved an ordinary resolution authorising the directors of the company to issue shares for cash in accordance with the Listings Requirements of the JSE Limited ('the general authority')

As previously announced on 22 September 2009, shareholders are advised that 6 000 000 ordinary shares have been issued to public shareholders at an issue price of 32.5 GBP pence per share ('the share issue'). The issue price represents a discount of 8.81% to the 30 day weighted average price of 35.64 GBP pence for the period to 18 September 2009, being the date on which the share issue was agreed upon by the directors of Jubilee. The JSE has granted a listing of the shares with effect from 30 September 2009.

As the share issue, cumulative with a previous issue in the current financial year in terms of the general authority, represents a larger than 5% increase in the number of issued ordinary shares of the company used in calculating its financial results, the following disclosure is made in terms of section 11.22 of the Listings Requirements.

PRO FORMA FINANCIAL EFFECTS

The unaudited pro forma financial effects of the share issue, based on the published unaudited interim results of Jubilee for the six months to 31 December 2008, are set out below. These financial effects are the responsibility of the directors of the company and have been prepared for illustrative purposes only to provide information on how the share issue may have impacted on Jubilee's results and financial position. Due to the nature of the unaudited pro forma financial effects it may not give a fair reflection of the company's financial position.

	Published Before the share issue 1	After the share issue	% change

Loss per share (p)2	-0.37	-0.33	10.8%
Headline loss per share (p)2	-0.37	-0.33	10.8%
Net asset value per share (pence)2	32.71	32.70	0.0%
Net tangible asset value per share (pence)2	8.63	9.83	13.9%
Number of shares in issue	113 013 291	119 013 291	5.3%
Weighted average number of shares in issue	108 150 721	114 150 721	5.5%

Notes:

The figures in the before column are extracted from the published interim results of Jubilee for the six months to 31 December 2008.
The figures in the After column assume that the shares were issued and the cash received on 1 July 2008 and invested for 6 months at a net after tax return of 1.4% per annum (2% before tax) for earnings purposes and that the shares were issued and the cash received on 31 December 2008 for asset value purposes.