Share Buyback Update and Closure

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Sylvania Platinum Limited

 ("Sylvania" or "the Company")

 AIM (SLP)

Share Buyback Update and Closure

2 October 2020

Sylvania Platinum Limited advises that as at 30 September 2020, it has acquired 168,694 Ordinary Shares for the period 1 September 2020 to 30 September 2020, representing approximately 0.06% of the Company's issued share capital, at Aus$0.9195 per Ordinary Share. This relates to the buyback of up to 1,650,339 ordinary shares of USD0.01 ("Ordinary Shares") from all certificated non-UK shareholders who hold 175,000 shares or fewer in the Company ("the Programme"), as advised in the Company's interim financial results on 17 February 2020 and subsequently extended on 1 July 2020.  The shares will be placed into Treasury.

This brings the total purchased during the course of the Programme to 1,047,599 Ordinary Shares representing 63.5% of the shares on offer under the Programme.

Your Directors advise that the Programme has officially ended.

Following the above transaction, the Company's issued share capital amounts to 286,845,657 Ordinary Shares of which a total of 15,368,967 Ordinary Shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 271,476,690 Ordinary Shares.

This announcement is released by Sylvania Platinum Limited and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by Mr Jaco Prinsloo.

CORPORATE INFORMATION

Sylvania Website: www.sylvaniaplatinum.com

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