FOR: EASTERN PLATINUM LIMITED TSX, AIM SYMBOL: ELR JSE SYMBOL: EPS November 24, 2011 Eastern Platinum Limited: Holdings in Company VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 24, 2011) - Eastern Platinum Limited (TSX:ELR)(AIM:ELR)(JSE:EPS) ("Eastplats" or the "Company") was notified on 22 November 2011 by the Kames Capital (formerly AEGON UK Group of Companies) of the following interests in the ordinary share capital of Eastplats. Reason for notification - An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments /T/ Full name of person(s) subject to the notification obligations: Kames Capital Date of Transaction: 18th November 2011 Threshold crossed or reached 6% A: Voting Rights attached to shares Situation previous to the triggering transaction: Number of Shares: 57,860,929 Number of Voting Rights: 57,860,929 Resulting situation after the triggering transaction: Number of Shares: 37,231,348 Number of Voting Rights (Direct): 37,231,348 Number of Voting Rights (Indirect): 10,807,706 Percentage of Voting Rights (Direct): 4.10% Percentage of Voting Rights (Indirect): 1.19% B: Qualifying Financial Instruments None C: Financial Instruments with similar economic effect to B Contract for Difference 56,580 Percentage of voting rights 0.01% Total (A+B+C) Number of Voting Rights: 48,095,634 Percentage of Voting Rights: 5.29% /T/ Total shares issued and outstanding: 908,187,807 -30- FOR FURTHER INFORMATION PLEASE CONTACT: Eastern Platinum Limited Investor Relations 1-(604)-685-6851 1-(604)-685-6493 (FAX) [ info@eastplats.com ][ www.eastplats.com ] OR NOMAD: Canaccord Genuity Limited, London Bhavesh Patel +44 20 7050 6500 OR JSE SPONSOR: PSG Capital (Pty) Limited Johan Fourie +27 21 887 9602 [ johanf@psgcapital.com ] -0-