18 March 2019

ASX Limited Company Announcements Office Level 40, Central Park 152-158 St Georges Terrace PERTH WA 6000


AMALGAMATION BECOMES EFFECTIVE

Nkwe Platinum Limited (ASX:NKP) (the Company or "Nkwe") advises that the amalgamation of the Company with Gold Mountains (Bermuda) Investment Limited (BidCo), has become effective.

The amalgamation became effective on 14 March 2019, in accordance with the Companies Act 1981 of Bermuda ("Act") and the amalgamation agreement dated 16 August 2018 between the Company, Zijin Mining Group Co. Limited (Zijin) and Zijins wholly-owned subsidiaries, BidCo and Gold Mountains (HK) International Mining Limited ("Amalgamation Agreement").

An application seeking suspension of shares and removal of Nkwe from the official list of the ASX will be made shortly.

The amalgamation consideration of $0.10 per Nkwe share will be paid to amalgamation participants (being registered Nkwe shareholders as at the record date for the amalgamation, other than dissentient shareholders, Zijin and its wholly owned subsidiary, Jin Jiang Mining Limited) within ten (10) business days from the amalgamation becoming effective, being by no later than 28 March 2019.

Dissentient shareholders (being Nkwe shareholders who have made an application to the Bermudan Court pursuant to section 106(6) of the Act) will be paid the fair value of Nkwe shares as determined by the Court, within one (1) month of the final Court appraisal of the fair value of the Nkwe shares that are held by dissentient shareholders, in accordance with the Act and the Amalgamation Agreement.

The timetable with key dates regarding the implementation of the amalgamation is set out in the Annexure.
Yours faithfully



Dr Tielong Tan Managing Director