Placing of New Shares

Jubilee Platinum PLC
07 November 2007



   Not for release, publication or distribution in or into the United States,
                          Australia, Canada or Japan.



                              Jubilee Platinum plc
                          ('Jubilee' or 'the Company')




Incorporated in the United Kingdom
Registration number 4459850


AIM: JLP
JSE: JBL
ISIN: GB0031852162



7 November 2007



                   PROPOSED GENERAL ISSUE OF SHARES FOR CASH


Introduction

In accordance with Jubilee's existing authority under its memorandum and
articles of association and general authority to issue shares for cash in
accordance with paragraph 5.52 of the Listings Requirements of the JSE Limited
('JSE'), Jubilee announces today that it proposes to place 13,000,000 new
ordinary shares (the 'Placing Shares')  equating to approximately 14.77 per
cent. of the Company's current issued share capital, to raise approximately
£11,000,000 (net of expenses).

Jubilee proposes to place 13,000,000 ordinary shares at an issue price per
Placing Share of R12.50 on the JSE and 89 pence on the AIM Market of the London
Stock Exchange ('AIM'). This represents a 4.1% discount to the 30 day volume
weighted average price of 92.70 pence per ordinary share on AIM as at 6 November
2007 being the last practicable date prior to this announcement.

The Company proposes to place the shares with institutional shareholders, who
qualify as 'public' shareholders within the meaning of paragraphs 4.25 and 4.26
of the Listings Requirements of the JSE.

Application will be made to the London Stock Exchange and the JSE Limited for
the Placing Shares to be admitted to trading on AIM and the Johannesburg Stock
Exchange ('Admission'). The Placing Shares will rank pari passu in all respects
with the existing ordinary shares. The Placing is conditional on Admission. It
is expected that dealings in the Placing Shares on AIM and the JSE will commence
on 12 November 2007.



Application of proceeds

The net proceeds will primarily be used to fund the bankable feasibility study
at Jubilee's core Tjate project.


Financial effects

The table below reflects the unaudited pro forma financial effects of the above
mentioned proposed general issue of shares for cash. The pro forma financial
effects have been prepared for illustrative purposes only and in terms of the
Listings Requirements of the JSE and therefore due to their nature, may not
truly reflect Jubilee's financial position or results. The directors of Jubilee
are responsible for the preparation of the pro forma financial effects.



                              Before the issue   Pro forma after      Change (%)
                                                    the issue

Basic loss - pence per share        2.09              1.79              14.35

Headline loss - pence per share     2.09              1.79              14.35

Net asset value ('NAV') -         
pence per share                    24.87              32.16             29.31

Net tangible asset value      
('NTAV') - pence per share         17.38              26.56             52.82





Notes:

I.   The 'Before the issue' figures are based on Jubilee published
     provisional interim results for the six months ended 30 June 2007.

II.  The 'Pro forma after the issue' column is based on the assumption that 
     the issue was effective on 1 January 2007 for basic loss per share and 
     headline loss per share. It is assumed that the proceeds will be utilised 
     for capital expenditure and working capital and will therefore not
     affect earnings for the period. Losses per share, however, will be diluted
     by the new number of shares in issue.

III. The 'Pro forma after the issue' column is based on the assumption that 
     the issue was effective on 30 June 2007 for NAV and NTAV purposes.

IV.  The number of shares used in the basic loss and headline loss calculations
     were 79 839 600 for before the issue and 92 839 600 for after the issue. 
     The weighted average number of shares used in the NAV and NTAV calculation 
     were 82,305,192 for before the issue and 95,305,192 for after the issue.



London
7 November 2007


For further information please contact:


Colin Bird

Jubilee Platinum plc
Tel: [phone]


Gerard Kisbey-Green / Erik Anderson / Jan Bosch

Investec Bank (UK) Limited
Tel+ 44 (0) 20 7597 5000


Louise Goodeve / Justine Howarth

Parkgreen Communications Ltd
Tel [phone]




                                   APPENDIX 1

                      TERMS AND CONDITIONS OF THE PLACING

         For Placees in the United Kingdom only - Important Information


1.      Eligible Participants

This Appendix, including the terms and conditions of the Placing set out below,
is directed only at persons who are a 'qualified investor' as referred to at
section 86(7) of the Financial Services and Markets Act 2000 ('FSMA') and at or
to whom any private communication relating to the Company that is a 'financial
promotion' (as such term is used in relation to FSMA) may lawfully be issued,
directed or otherwise communicated without the need for it to be approved, made
or directed by an 'authorised person' as referred to in FSMA ('FSMA Qualified
Investors').

In this Appendix 'you' or 'Placee' means any eligible person who is or becomes
committed to subscribe for Placing Shares under the Placing pursuant to a
commitment given to Investec acting as agent for the Company.

Members of the public are not eligible to take part in the Placing.


2.      Overseas jurisdictions

The distribution of this announcement and the Placing and/or issue of ordinary
shares in certain other jurisdictions may be restricted by law. No action has
been taken by the Company or Investec that would permit an offer of ordinary
shares or possession or distribution of this announcement or any other offering
or publicity material relating to such ordinary shares in any jurisdiction where
action for that purpose is required. FSMA Qualified Investors who seek to
participate in the Placing must inform themselves about and observe any such
restrictions. In particular, this announcement does not constitute an offer to
sell or issue or the solicitation of an offer to buy or subscribe for ordinary
shares in the capital of the Company in the United States, Canada, Japan or
Australia or in any other jurisdiction in which such offer or solicitation is or
would be unlawful. The Placing Shares have not been and will not be registered
under the US Securities Act or under the securities laws of any State or other
jurisdiction of the United States, and, subject to certain exceptions, may not
be offered or sold, resold or delivered, directly or indirectly in or into the
United States, or to, or for the account or benefit of, any US persons (as
defined in Regulation S under the US Securities Act). No public offering of the
Placing Shares is being made in the United States. No money, securities or other
consideration from any person inside the United States is being solicited
pursuant to this announcement or the Placing.


3.      Placing

This Appendix gives details of the terms and conditions of, and the mechanics of
participation in, the Placing.

Investec will arrange the Placing as agent for and on behalf of the Company.
Investec will determine in its absolute discretion the extent of each Placee's
participation in the Placing, which will not necessarily be the same for each
Placee.

Each Placee will be required to pay to Investec, on the Company's behalf, the
Placing Price as the subscription sum for each Placing Share agreed to be
subscribed by it under the Placing in accordance with the terms set out in this
Appendix. Each Placee's obligation to subscribe and pay for Placing Shares under
the Placing will be owed to each of the Company and Investec.

Each Placee will be deemed to have read this announcement in its entirety. To
the fullest extent permitted by law and applicable FSA rules, neither Investec
nor any other Investec Person shall have any liability to Placees or to any
person other than the Company in respect of the Placing.


4.      Participation and settlement

Participation in the Placing is only available to persons who are invited to
participate in it by Investec.

A Placee's commitment to subscribe for a fixed number of Placing Shares under
the Placing will be agreed orally with Investec. Such agreement will constitute
a legally binding commitment on your part to subscribe for that number of
Placing Shares at the Placing Price on the terms and conditions set out or
referred to in this Appendix and subject to the Company's memorandum and
articles of association. After such agreement is entered into a written
confirmation will be dispatched to you by Investec confirming the number of
Placing Shares that you have agreed to subscribe, the aggregate amount you will
be required to pay for those Placing Shares and settlement instructions. It is
expected that such written confirmations will be despatched on the date of this
announcement, that the trade date for settlement purposes for the Placing Shares
will be 7 November 2007 and the settlement date will be 12 November 2007 for the
Placing Shares.

Settlement of transactions in the Placing Shares (ISIN: GB0031852162) will take
place within the CREST system. Delivery will be against payment at the Placing
Price of 89 pence per share, free of SDRT, commission and PTM levy. You confirm
that you will match your CREST instructions to our participant ID, 331, by no
later than 12:00 noon on 9 November 2007. Investec reserves the right to require
settlement for and delivery of the Placing Shares to Placees by such other means
that it deems appropriate if delivery or settlement is not possible or
practicable within the CREST system within the timetable set out in this
announcement or would not be consistent with the regulatory requirements in any
Placee's jurisdiction.

If Placing Shares are to be delivered to a custodian or settlement agent, please
ensure that the written confirmation is copied and delivered immediately to the
appropriate person within that organisation.


5.      No Prospectus

No prospectus has been or will be submitted for approval by the FSA in relation
to the Placing or the Placing Shares. Placees' commitments in respect of Placing
Shares will be made solely on the basis of the information contained in this
announcement and on the terms contained in it.



6.      Placing Shares

The Placing Shares will, when issued, be credited as fully paid and will rank
pari passu in all respects with the existing issued ordinary shares.

Applications will be made for the admission of the Placing Shares to trading on
AIM and the JSE. It is expected that Admission of the Placing Shares will take
place, and dealings in the Placing Shares will commence, on 12 November 2007.


7.      Placing Agreement

Investec has today entered into the Placing Agreement with the Company under
which Investec has, on the terms and subject to the conditions set out in the
Placing Agreement, agreed to use its reasonable endeavours as agent of the
Company to procure subscribers for the Placing Shares at the Placing Price. The
Placing is not being underwritten by Investec or any other person.


8.      Placing conditions

The Placing is conditional, inter alia, on (a) the Placing Agreement not being
terminated in accordance with its terms prior to Admission of the Placing Shares
occurring and (b) Admission taking place not later than 8.00 a.m. on 12 November
2007 (or such later date and time as the Company and Investec may agree).

Investec reserves the right (with the agreement of the Company) to waive or
extend the time and or date for the fulfilment of any of the conditions in the
Placing Agreement applicable to the Placing to a time no later than 8.00 am on
19 November 2007 ('the Long Stop Date').

If any condition in the Placing Agreement applicable to the Placing is not
fulfilled or waived by Investec by the relevant time, the Placing will lapse and
your rights and obligations pursuant to the Placing shall cease and terminate at
such time.

Investec has certain rights to terminate the Placing Agreement prior to
Admission including, inter alia, if there has been a material adverse change in
the condition or the earnings, business affairs or prospects of the Company, a
material breach of any of the warranties or undertakings contained in the
Placing Agreement or in certain circumstances of force majeure. If Investec
exercises any such right under the Placing Agreement, or if any of the other
conditions are not satisfied or waived, your placing participation will
terminate and any funds received from you will be repaid forthwith to such
account as you shall designate.  Investec shall have no liability to you in
respect of any decision it may make as to whether or not to exercise its right
to terminate the Placing Agreement or to waive or to extend the time for
satisfaction of any conditions of the Placing Agreement. Investec shall not
waive the condition that Admission takes place.


9.      Payment default

Your entitlement to receive any Placing Shares will be conditional on Investec's
receipt of payment by the relevant time to be stated in the written confirmation
referred to above, or by such later time and date as Investec may in its
absolute discretion determine. Investec may, in its absolute discretion, waive
such condition, and shall not be liable to you in the event of it deciding
whether to waive or not to waive such condition.

If you fail to make such payment by the required time for any Placing Shares (1)
the Company may release itself (if it decides, at its absolute discretion, to do
so) and will be released from all obligations it may have to allot and/or issue
any such Placing Shares to you or at your direction which are then unallotted
and/or unissued, (2) the Company may exercise all rights of lien, forfeiture and
set-off over and in respect of any such Placing Shares to the fullest extent
permitted under its articles of association or otherwise by law and to the
extent that you then have any interest in or rights in respect of any such
shares, (3) the Company or, as applicable, Investec may sell (and each of them
is irrevocably authorised by you to do so) all or any of such shares on your
behalf and then retain from the proceeds, for the account and benefit of the
Company or, where applicable, Investec (i) any amount up to the total amount due
to it as, or in respect of, subscription monies, or as interest on such monies,
for any Placing Shares, (i) any amount required to cover any stamp duty or stamp
duty reserve tax arising on the sale, and (iii) any amount required to cover
dealing costs and/or commissions necessarily or reasonably incurred by it in
respect of such sale, and (4) you shall remain liable to the

Company and to Investec for any loss which it may suffer as a result of it (i)
not receiving payment in full for such Placing Shares by the required time, and/
or (ii) the sale of any such Placing Shares to any other person at whatever
price and on whatever terms are actually obtained for such sale by or for it.
Interest may be charged in respect of payments not received by Investec for
value by the required time referred to above at the rate of two percentage
points above the base rate of Barclays Bank plc


10.     Placees' warranties and undertakings to the Company and Investec

By agreeing with Investec to subscribe for Placing Shares under the Placing you
irrevocably acknowledge and confirm and warrant and undertake to, and agree
with, each of the Company and Investec (in its capacity as placing agent), in
each case as a fundamental term of your application for Placing Shares and of
the Company's obligation to allot and/or issue any Placing Shares to you or at
your direction, that:


10.1    you agree to and accept all the terms and conditions set out in this
        Appendix;

10.2    you are not, and are not acting as nominee or agent for, a person who 
        is or may be liable to stamp duty or stamp duty reserve tax under any of
        sections 67, 70, 93 or 96 of the Finance Act 1986 (depositary receipts 
        and clearance services);

10.3    no instrument under which you acquire Placing Shares (whether as 
        principal, agent or nominee) will be subject to stamp duty or SDRT at 
        the increased rates referred to in sections 67 or 93 (Depository 
        Receipts) or sections 70 or 96 (Clearance Services) of the Finance 
        Act 1986;

10.4    you are not, and do not regard yourself as being, a customer of Investec
        in relation to the Placing, and Investec will not have any duties or
        responsibilities towards you for providing the protections afforded to 
        its customers under the rules of The Financial Services Authority or for
        advising you with regard to the Placing Shares.  In addition, any 
        payment by you will not be treated as client money governed by those 
        rules;

10.5    you are not, and you are not acting on behalf of, a person falling
        within subsections (6), (7) or (8) of sections 67 or 70 respectively or
        subsections (2) and (3) of section 93 or subsection (1) of section 96 
        of the Finance Act 1986;

10.6    you are not, and you are not acting on behalf of a US person (for the 
        purposes of Regulation S of the US Securities Act of 1933, as amended) 
        or a person resident in Canada, Japan, South Africa or Australia or 
        with an address in Canada, Japan, South Africa or Australia or any 
        overseas person who would not under the provisions of any relevant 
        securities legislation be entitled to receive this Appendix or subscribe
        for the relevant shares and that you will not offer, sell or deliver 
        directly or indirectly any Placing Shares in or into the United States 
        other than in compliance with any relevant exemption from the US
        Securities Act of 1933 as amended;

10.7    you acknowledge that it is also a term of your participation in the
        Placing that, to ensure compliance with the Money Laundering Regulations
        2003, Investec (for itself and as agent on behalf of the Company) or the
        Company's registrars may, in their absolute discretion, require 
        verification of your identity. Pending the provision to us of evidence 
        of identity, definitive certificates in respect of the Placing Shares 
        or, where appropriate, delivery of the Placing Shares to you in 
        uncertificated form, may be retained at our absolute discretion. If 
        within a reasonable time after a request for verification of identity
        Investec (for itself and as agent on behalf of the Company) or the 
        Company's registrars have not received evidence satisfactory to them, 
        Investec and/or the Company may, at its absolute discretion, terminate
        your commitment in respect of the Placing, in which event the monies 
        payable on acceptance of allotment will, if already paid, be returned 
        without interest to the account of the drawee's bank from which they 
        were originally debited;

10.8    you are aware and will comply with your obligations in connection
        with money laundering under the Proceeds of Crime Act 2002;

10.9    you are aware of the obligations regarding insider dealing in the
        Criminal Justice Act 1993, section 118 of the Financial Services and 
        Markets Act 2000 and the Proceeds of Crime Act 2002 and confirm that 
        you have complied with those obligations;

10.10   you acknowledge and agree that, in connection with your participation
        in the Placing, Investec is not acting for you in any matter relating to
        or arising out of the Placing or this Appendix and you are therefore not
        entitled to any of the protections afforded to customers of Investec and
        that Investec will not be responsible to you for providing advice in 
        connection with the Placing and you do not expect Investec to have a 
        duty to you similar or comparable to the 'best execution', 'suitability'
        and 'risk warnings' rules of The Financial Services Authority and that 
        you are not relying on Investec to advise whether or not the Placing 
        Shares are in any way a suitable investment for you;

10.11   you have not taken any action or omitted to take any action which will 
        or may result in Investec or the Company, or any of their respective
        officers, directors, agents, employees or advisers acting in breach of 
        any law or regulatory requirements of any territory or jurisdiction in 
        connection with your placing participation;

10.12   you acknowledge and agree that Investec is entitled to exercise any of
        its rights under the Placing Agreement or any other right in its 
        absolute discretion without any liability to you;

10.13   you are a person of a kind desired in Articles 19(5) or 49(2) of the
        Financial Services and Markets Act 2000 (Financial Promotion) Order 
        2005;

10.14   you irrevocably appoint any duly authorised officer of Investec as
        your agent for the purpose of executing and delivering to the Company 
        and/or its registrars any documents on your behalf necessary to enable 
        you to be registered as the holder of any of the Placing Shares for 
        which you agree to subscribe or purchase upon the terms in this 
        Appendix;

10.15   you have all necessary consents and authorities to enable you to give
        your commitment to your placing participation and to perform your 
        obligations;

10.16   you are a person whose ordinary activities involve you in acquiring,
        holding, managing or disposing of investments (as principal or agent) 
        for the purposes of your businesses or that you will acquire, hold, 
        manage and dispose of the Placing Shares for the purposes of your 
        business;

10.17   this Appendix is not being made available to persons who do not fall
        within the descriptions set out in paragraph 10.15 above and you are not
        authorised to pass this Appendix to any other person;

10.18   you will not prior to Admission make any offer to the public of the
        Placing Shares for the purposes of the schedule 11 to the Financial 
        Services and Markets Act 2000; and

10.19   this Appendix and your commitment to subscribe for Placing Shares will 
        be governed by and construed in accordance with English law and you
        irrevocably agree that the courts of England are to have jurisdiction 
        to settle any dispute which may arise out of or in connection with this
        Appendix or such commitment. These confirmations, acknowledgements and 
        agreements will survive completion of the Placing.



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