NORTHAM PLATINUM LIMITED - Cautionary announcement

Cautionary announcement

NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Share code: NHM ISIN: ZAE000030912
Debt issuer code: NHMI
Bond code: NHM002    Bond ISIN: ZAG000129024
Bond code: NHM006    Bond ISIN: ZAG000158577
Bond code: NHM007    Bond ISIN: ZAG000158593
Bond code: NHM009    Bond ISIN: ZAG000158866
Bond code: NHM011    Bond ISIN: ZAG000159237
Bond code: NHM012    Bond ISIN: ZAG000160136
Bond code: NHM014    Bond ISIN: ZAG000163650
Bond code: NHM015    Bond ISIN: ZAG000164922
Bond code: NHM016    Bond ISIN: ZAG000167750
Bond code: NHM017    Bond ISIN: ZAG000167891
Bond code: NHM018    Bond ISIN: ZAG000168097
Bond code: NHM019    Bond ISIN: ZAG000168105
(“Northam”)

CAUTIONARY ANNOUNCEMENT

Northam shareholders are advised that Northam and Zambezi Platinum (RF) Limited (“Zambezi Platinum”)
have entered into discussions regarding a potential transaction to accelerate the maturity of the
empowerment transaction concluded between Northam and Zambezi Platinum in May 2015, whilst
maintaining Northam’s broad-based black economic empowerment ownership. If the transaction is
successfully concluded it may have a material effect on the price of Northam’s securities.

Accordingly, Northam shareholders are advised to exercise caution when dealing in Northam’s securities,
until a further announcement is published.

Paul Dunne, Northam’s Chief Executive Officer said “the significant value created for all Northam
shareholders from our empowerment transaction with Zambezi Platinum, as well as Northam’s current
ownership of 70% of all Zambezi Platinum preference shares and the inherent share buy-back implied by
this holding, provides a unique opportunity to unlock permanent value for our shareholders, whilst
maintaining Northam’s broad-based black economic empowerment ownership. Northam has taken the
initiative to enter into pro-active discussions with Zambezi Platinum with a view to secure a successful and
sustainable outcome.”


Johannesburg
2 November 2020

Corporate Advisor, Sponsor and Debt Sponsor to Northam
One Capital

Attorneys to Northam
Cliffe Dekker Hofmeyr Inc.

Date: 02-11-2020 05:00:00
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