Northam concludes a ten-year offtake agreement with Ivanplats NORTHAM PLATINUM HOLDINGS LIMITED NORTHAM PLATINUM LIMITED Incorporated in the Republic of South Africa Incorporated in the Republic of South Africa Registration number: 2020/905346/06 Registration number: 1977/003282/06 Share code: NPH ISIN code: ZAE000298253 Debt issuer code: NHMI (“Northam Holdings” or, together with its subsidiaries, Bond code: NHM007 Bond ISIN: ZAG000158593 “Northam”) Bond code: NHM009 Bond ISIN: ZAG000158866 Bond code: NHM011 Bond ISIN: ZAG000159237 Bond code: NHM012 Bond ISIN: ZAG000160136 Bond code: NHM015 Bond ISIN: ZAG000164922 Bond code: NHM016 Bond ISIN: ZAG000167750 Bond code: NHM018 Bond ISIN: ZAG000168097 Bond code: NHM019 Bond ISIN: ZAG000168105 Bond code: NHM020 Bond ISIN: ZAG000172594 Bond code: NHM021 Bond ISIN: ZAG000181496 (“Northam Platinum”) NORTHAM CONCLUDES A TEN-YEAR OFFTAKE AGREEMENT WITH IVANPLATS Northam is pleased to announce that it has concluded a ten-year purchase of platinum group metal (“PGM”) concentrate agreement (“Offtake Agreement”) with Ivanplats Proprietary Limited (“Ivanplats”), a subsidiary of Ivanhoe Mines Limited (“Ivanhoe Mines”), as published on Wednesday, 8 December 2021, on SEDAR (www.sedar.com). In terms of the Offtake Agreement, Northam Platinum will purchase 20 000 tonnes of PGM concentrate per annum (“Offtake Volume”), representing approximately 50% of PGM concentrate to be produced from Phase 1 of the Platreef Project. Ivanplats retains the option to reduce the Offtake Volume by up to a maximum of 5 000 tonnes per annum. Production from the Platreef Project is scheduled to commence in 2024. Paul Dunne, Northam Holdings’ Chief Executive Officer, commented “Northam is pleased to have secured significant future off-take of metal relating to a very important orebody. The Ivanplats orebody is one of a very few remaining untapped large PGM resources. It is mechanisable and situated in a geographically important area. The metal content is especially favourable to Northam’s operational requirements and will be complimentary to our own production profile. The transaction serves to further de-risk Northam’s operations from a mine to market perspective, providing additional diversification of supply over a ten year period, whilst enhancing the flexibility and utilisation of our recently upgraded metallurgical processing facilities.” About the Platreef Project The Platreef Project is owned by Ivanplats, which is 64% owned by Ivanhoe Mines. The Platreef Project hosts an underground deposit of thick PGMs, nickel, copper and gold mineralisation on the Northern Limb of the Bushveld Igneous Complex in Limpopo Province, approximately 280 kilometres northeast of Johannesburg and eight kilometres from the town of Mokopane. Source: https://www.ivanhoemines.com/news/2021/platreef-mine-secures-us-200-million- gold-stream-financing-and-additional-us-100-million-palladium-and-platinum-stream. Johannesburg 9 December 2021 Corporate Advisor and Sponsor to Northam Holdings One Capital Corporate Advisor and Debt Sponsor to Northam Platinum One Capital Date: 09-12-2021 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.