Platinum Group Metals NL Notice of Vesting of Property Pursuant to Section 299 of the Companies Act 1955 I, Murray James Horn, Secretary of the Treasury, hereby give notice that on 16 December 1996, I became aware that the Crown was vested under section 337 (1) of the Companies Act 1955 (by virtue of the removal of Platinum Group Metals NL from the Register of Companies on 17 October 1994, pursuant to section 336 (6) of the Companies Act 1955) with the sum of $475,058.20 being the proceeds of the settlement of litigation between Platinum Group Metals NL and Thermex Energy Corporation, a United States of America corporation presently insolvent and subject to section 11 of American bankruptcy legislation. Dated at Wellington this 27th day of January 1997. M. J. HORN, Secretary to the Treasury.