Results of the issue at close of acceptances

Results of the issue at close of acceptances

PLATINUM AUSTRALIA LIMITED 2002-11-19 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
The Directors are pleased to announce that, following the close of
acceptances on 13 November 2002, 57.5% of the shares offered in its
recent 4 for 25 renounceable rights issue have been accepted.

The issue is fully underwritten by Lonmin plc and the balance of
4,071,171 shares has been advised to the Underwriters.

RESULTS OF THE ISSUE AT CLOSE OF ACCEPTANCES

No of Shares $ %

Offered 9,580,000 3,065,600
Accepted 5,508,829 1,762,825 57.5
Underwritten Shortfall 4,071,171 1,302,775 42.5


B Garlick
COMPANY SECRETARY

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Fig Jam

I don't hold PLA