SOURCE: African Platinum PLC

April 10, 2006 08:01 ET

African Platinum PLC - JPMorgan Cazenove Appointed

London -- (MARKET WIRE) -- April 10, 2006 --

African Platinum plc ("the company")
Ticker : APP
Index :  AIM
Sector : Exploration


London, 10 April 2006 - The board of African Platinum plc ("the company") is pleased to announce with immediate effect the appointment of JPMorgan Cazenove as its Nominated Adviser. In addition, JPMorgan Cazenove will act as Sole Broker to African Platinum for the purposes of the AIM Rules.

Commenting on the announcement, Roy Pitchford, CEO, said: "Following the recent release of the Leeuwkop project feasibility study and the increasingly tangible nature of the company's operations, we have reached a stage where the board feels that the time has come for the company to move its corporate affairs to JPMorgan Cazenove".

In the company's 2005 Annual Report, African Platinum stated that the company had made an initial filing for a secondary listing on the American Stock Exchange ("Amex"). However, following consultation with its advisers, the company believes that for reasons of both cost/benefit analysis and flexibility, it is no longer appropriate to continue with the application. Therefore the company also today announces that it is withdrawing its current application for an Amex listing. In conjunction with its advisers, the company will continue to review possible overseas listing and related opportunities to complement the existing London quotation.

LIVE WEBCAST: Afplats CEO Roy Pitchford is making a presentation at the European Investor Metals and Mining Forum, London Stock Exchange today, 10 April 2006, at 14:40 UK time.

To view it, click on


Chief Executive - Roy Pitchford
+27 (0)82 419 2581 or +44 (0)77 9390 9985

Investor & Media Relations - Kathy du Plessis
+27 (0)11 728 4701, +27 (0)83 266 5847 (Mobile) or

DISCLAIMER: Investing in all equities, including natural resources-related equities, carries risks which should be taken into consideration when making an investment. This announcement contains forward-looking statements regarding African Platinum plc, including the development of its mining development projects. Actual results relating to any and all of these subjects may differ materially from those presented.

                This information is provided by RNS
      The company news service from the London Stock Exchange