Response to the announcement published by Royal Bafokeng Platinum Limited (“RBPlat”)
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: 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
RESPONSE TO THE ANNOUNCEMENT PUBLISHED BY ROYAL BAFOKENG PLATINUM LIMITED (“RBPLAT”)
Shareholders are referred to the announcement published by RBPlat on SENS today, 9 December 2021 (“RBPlat
Announcement”), regarding, inter alia:
• the approach by Northam expressing its interest to acquire the voting securities of RBPlat; and
• a submission made by the independent board of RBPlat, as constituted in terms of regulation 108 of the
Companies Regulations, 2011 (“Independent Board”), to the Takeover Regulation Panel (“TRP”) regarding the
possible trigger of a mandatory offer in terms of section 123 of the Companies Act, No. 71 of 2008 by Northam
(“Mandatory Offer”), (“TRP Submission”).
Northam confirms that on Wednesday, 8 December 2021 it submitted a letter to the RBPlat board of directors and
Independent Board expressing its interest to continue the parties’ engagements in relation to a potential offer by Northam
for all or a portion of the remaining shares in RBPlat (excluding treasury shares). This follows the RBPlat response to
the non-binding offer letter submitted by Northam dated 11 October 2021, wherein it confirmed that RBPlat remained
committed to progress discussions with Northam.
Shareholders are advised that Northam was informed of the TRP Submission, today, 9 December 2021. Northam
believes that the RBPlat Announcement in respect of the TRP Submission is misleading and is firmly of the view that a
Mandatory Offer has not been triggered and will be making submissions to the TRP in this regard.
9 December 2021
Corporate Advisor and Sponsor to Northam Holdings
Attorneys to Northam Holdings and Northam Platinum
Corporate Advisor and Debt Sponsor to Northam Platinum
Date: 09-12-2021 04:57:00
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