Interim Results

Jubilee Platinum PLC
26 March 2007

                              JUBILEE PLATINUM PLC
                          ('Jubilee' or 'the Company')

           Interim Results for the six months ended 31 December 2006

Highlights

•    Agreement signed to purchase a further 28% interest in the Tjate
     project, South Africa, taking equity holding to 63% subject to approval by 
     the Department of Minerals and Energy.

•    Significant joint venture and financing agreements concluded with
     Impala Platinum, TransAsia Minerals and Mitsubishi Corporation

•    Good results returned from Londokomanana and Lavatrafo projects in
     Madagascar demonstrating high potential for nickel/copper/PGM resources

•    Jubilee shares admitted for trading on the main board of the JSE Limited


Colin Bird, Chief Executive, commented 'It has been a busy period for Jubilee as
we have continued to strengthen our operational and financial positions through
our joint ventures and with our recent listing on the JSE Limited. We are very
well positioned to continue exploration and development at our projects in South
Africa and Madagascar and we now have important partnerships in place with
Impala Platinum and TransAsia Minerals. We look forward to working with them and
to reporting positive developments in 2007 on all fronts.'


For further information please contact:

Colin Bird                                         Cathy Malins /Annabel Leather
Jubilee Platinum plc                               Parkgreen Communications Ltd
Tel [phone]                           Tel [phone]



Chairman's Statement

During the period under review the Company has again made significant progress
across its portfolio of attractive projects in South Africa and Madagascar.

The Company's flagship Tjate project is strategically located in South Africa's
Bushveld complex, a geological system unmatched globally, which produces 80% of
the world's platinum.  This area is currently undergoing a period of
consolidation as the major operators look to increase their platinum reserves.
Drilling at Tjate once again returned positive results consistent with
historical performance, and demonstrating uniformity and reliability of widths
and grade.

The Company announced on 12 December 2006 that it had entered into an agreement
to purchase a further 28% interest in the Tjate project in two tiers of 13% and
15% respectively, which would increase Jubilee's equity holding to 63%.
Completion is subject to approval from the South African Department of Minerals
and Energy and the South African Reserve Bank.

In September 2006, Jubilee's wholly owned subsidiary in South Africa, Windsor
Platinum Investments (Proprietary) Ltd ('Windsor'), entered into a convertible
loan note instrument with Mitsubishi Corporation for US$16 million.  An initial
investment of US$4 million has already been made.  The loan notes bear no
interest and are convertible into Windsor ordinary shares within two years of
issue. Certain conditions have to be satisfied for the loan to be drawn down.

In Madagascar, our Londokomanana and Lavatrafo projects continued to return good
results, demonstrating high potential for nickel/copper/platinum group resources
with wide intervals and good lateral potential.

During the period under review, the Company concluded a significant joint
venture agreement with TransAsia Minerals Limited, providing US$10 million of
funding over a three year period for the Londokomanana and Itsindro nickel/
copper projects in Madagascar.  This funding will allow the Company to explore
aggressively recently defined electromagnetic geophysical anomalies, which were
also supported by strong soil geochemistry.

On 7 December 2006, Jubilee shares were admitted for trading on the main board
of the JSE Limited.  The Company decided to dual list its shares as a result of
progress of Tjate and a belief that South African investors should be given the
opportunity to invest in the Company's emerging platinum portfolio.  Also, the
directors believe that further consolidation in the South African platinum
sector is inevitable and that this dual listing will facilitate Jubilee's
participation.

The interim accounts for the six months ended 31 December 2006 have been
prepared under International Financial Reporting Standards now being adopted for
all listed companies.  This has led to the re-statement of certain figures for
the six months ended 31 December 2005.  The financial results show an operating
loss of £571,256 for the current period compared to an operating loss of
£336,484 for the comparative period ended 31 December 2005.  Higher levels of
activity during the period and a charge of £210,895 in relation to qualifying
share options in issue, in accordance with the requirements of IFRS2, were the
key reasons for the higher loss posted in the current period.

Generally, metals have retained their high prices with both nickel and platinum
in particular showing continued robust fundamentals.  Copper has shown more
volatility but still remains buoyant. These strong price fundamentals position
the Company well, with its mix of precious and base metals.

South Africa continues to demonstrate sound political stability and economic
growth and in Madagascar, recent elections conclusively returned Marc
Ravalomanana as the President for a further period of four years.  The mining
sector continues to evolve in Madagascar, with the major mining companies taking
a keen interest in the potential of this largely unexplored country.

The Company, with its broad and maturing portfolio, is well placed to enjoy the
opportunities which the global environment offers for successful junior
explorers.  In particular, South Africa offers a major opportunity for
short-term enhancement of shareholder value.

The Board looks forward to a second half-year showing further good progress on
all our projects and corporate activities.

M.A. Burne
Chairman



Consolidated Income Statement                                          Six months ended           Year ended
                                                                    31 Dec 2006      31 Dec 2005       30 Jun 2006
                                                                                       Restated*         Restated*
                                                                      Unaudited        Unaudited          Audited
                                                                          £000'            £000'             £000'
                                                                                                        
Revenue
Other income                                                                 75                0                 0
Administration expenditure                                                (646)            (336)             (970)
Loss from operations                                                      (571)            (336)             (970)

Finance cost                                                               (60)                0              (51)
Finance income                                                              157            1,152               283
(Loss)/profit before income tax expense                                   (474)              816             (738)
Income tax expense                                                            0                0                 0
(Loss)/profit for the period after income tax expense                     (474)              816             (738)

Profit attributable to minority interest                                     15                5               121

(Loss)/profit attributable to members of Jubilee Platinum Plc             (459)              821             (617)

Headline (loss)/profit for the period                                     (459)              821             (617)

Number of shares in issue                                            79,138,974       77,370,271        78,648,974
Weighted average number of shares in issue                           78,884,602       70,696,060        74,355,295
Diluted weighted average number of shares in issue                   81,148,888       72,230,819        76,411,257
Basic profit/(loss) per share (pence)                                    (0.58)             1.16            (0.83)
Diluted profit/(loss) per share (pence)                                  (0.57)             1.14            (0.81)
Headline profit/(loss) per share (pence)                                 (0.58)             1.16            (0.83)

* See Notes



Consolidated Balance Sheet
                                                                    31 Dec 2006      31 Dec 2005       30 Jun 2006
                                                                                       Restated*         Restated*
                                                                      Unaudited        Unaudited          Audited
                                                                          £000'            £000'             £000'
                                                                                                            
Assets
Non-current assets
Property, plant and equipment                                                47               31                52
Exploration, evaluation and mining properties                             2,070            1,489             1,650
Intangibles                                                               2,319                0             2,319
Investments                                                               2,487            3,198             2,620
Total non-current assets                                                  6,923            4,718             6,641

Current assets
Trade and other receivables                                                 712              411               537
Cash and cash equivalent                                                  7,269            3,884             4,668
Total current assets                                                      7,981            4,295             5,205

Total assets                                                             14,904            9,013            11,846

Current liabilities
Trade and other payables                                                  (245)            (126)             (155)
Provisions                                                                (887)                0                 0
Loans and borrowings                                                    (3,519)                0           (1,500)
Total current liabilities                                               (4,651)            (126)           (1,655)

Total liabilities                                                       (4,651)            (126)           (1,655)

Net assets                                                               10,253            8,887            10,191
Minority interests:                                                          11               17                96
                                                                         10,264            8,904            10,287

Equity
Share capital                                                               791              774               786
Share premium                                                            12,341            8,604            11,859
Share base payment reserve                                                  473              141               262
Currency translation reserves                                             (566)              264             (304)
Accumulated loss                                                        (2,775)            (879)           (2,316)
Total equity                                                             10,264            8,904            10,287


*See Notes


Statement of changes in equity

                                                 Share        Share   Share based       Accumulated        Total
                                               Capital      Premium       payment              loss
                                                                          reserve
                                                  £000'        £000'        £000'             £000'        £000'

Balance at 1 July 2005                              699        8,256           79           (1,700)        7,334
Issue of share capital                               75            0            0                 0           75
Premium on issue of share capital                     0          348            0                 0          348
Share issue expenditure written off                   0            0           62                 0           62
Net profit/(loss) for the period                      0            0            0               821          821
Currency translation difference                       0            0            0               264          264
Balance at 31 December 2005                         774        8,604          141             (615)        8,904

Issue of share capital                               12            0            0                 0           12
Premium on issue of share capital                     0        3,255            0                 0        3,255
Share issue expenditure written off                   0            0          121                 0          121
Expenditure settled by shares                         0            0            0                 0            0
Net profit/(loss) for the year                        0            0            0           (1,437)      (1,437)
Currency translation difference                       0            0            0             (568)        (568)
Balance at 30 June 2006                             786       11,859          262           (2,620)       10,287

Issue of share capital                                5            0            0                 0            5
Premium on issue of share capital                     0          482            0                 0          482
Share issue expenditure written off                   0            0          211                 0          211
Expenditure settled by shares                         0            0            0                 0            0
Net profit/(loss) for the year                        0            0            0             (459)        (459)
Currency translation difference                       0            0            0             (262)        (262)
Balance at 31 December 2006                         791       12,341          473           (3,341)       10,264




Consolidated cash flow statement                                          Six months ended              Year ended
                                                                       31 Dec 2006     31 Dec 2005     30 Jun 2006
                                                                                         Restated*       Restated*
                                                                         Unaudited       Unaudited         Audited
                                                                             £000'           £000'           £000'
Cash flows utilised by operating activities
Cash utilised by operations                                                  (870)           (272)           (868)
Finance income                                                                 157             108             276
Net cash outflow from operating activities                                   (713)           (164)           (592)

Cash flows utilised by investing activities
Acquisition of property, plant and equipment as a result of                      4             (7)            (13)
increasing operations
Expenditure on intangible exploration and evaluation assets as a             (355)           (580)         (1,126)
result of increasing operations
Net cash outflow from investing activities                                   (351)           (587)         (1,139)

Cash flows from financing activities
Share capital issued                                                           539               0             264
Increase/(decrease) in convertible loan notes and provisions                 3,126               0           1,042
Net cash inflow from financing activities                                    3,665               0           1,306

Net increase/(decrease) in cash and cash equivalents                         2,601           (751)           (425)
Cash and cash equivalents at the beginning of the period/year                4,668           4,635           5,093
Cash and cash equivalents at the end of the period/year                      7,269           3,884           4,668

* See Notes


Notes

 1. The financial information for the six months ended 31 December 2006 and 31
    December 2005 is unaudited.  In the opinion of the directors the financial
    information for these periods presents fairly the financial position,
    operations and cash flows for the period in conformity with generally
    accepted accounting principles.  The interim statement for the six months
    ended 31 December was approved by the directors on 23 March 2007.

 2. The financial information for the year ended 30 June 2006 does not constitute
    full accounts, but subject to the restatement explained in note 4, is an
    extraction from the Company's accounts for the year, which have been
    delivered to the Registrar of Companies and on which the auditors gave an
    unqualified report.

 3. The interim accounts have been prepared in accordance with International
    Financial Reporting Standard ('IFRS').  The date of transition to IFRS was 1
    July 2005.  The comparative figures for the six months ended 31 December
    2005 have also been presented in accordance with IFRS.

 4. The interim accounts have been prepared using the same accounting policies as
    were used in the Group's statutory accounts to 30 June 2006 except for
    restatements relating to compliance with IFRS.  This resulted in reversing
    the goodwill amortisation charge of £65,755 and recognising expenses
    relating to share based payments of £183,417 for the year ended 30 June
    2006.  The restated loss, attributable to Jubilee shareholders for the year
    ended 30 June 2006 was £616,640 and the adjusted Group net assets were
    £10,286,664.

 5. As a result of adopting IFRS, the Group recognised total expenses of £210,895
    (2005:  £61,870) related to share-based payment transactions during the six
    months ended 31 December 2006.  For the six months ended 31 December 2005,
    the adjusted administrative expenditure was £336,000 and the adjusted profit
    attributable to Jubilee shareholders was £821,453.

 6. The calculation of headline loss per ordinary share is based on the reported
    loss of £459,216 for the six months ended 31 December 2006 and the weighted
    average number of ordinary shares outstanding during the same period of
    78,884,602.

 7. The investment of £2.5 million included in the Group's assets represents the
    Group's 25 % interest in Tjate Platinum Corporation (Pty) Ltd.

 8. Copies of the interim report are available to the public free of charge from
    the Company at 4th Floor, 2 Cromwell Place, London, SW7 2JE, during normal
    office hours for 30 days from the date of this report.


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