NORTHAM PLATINUM HOLDINGS LIMITED - Share incentive plan awards

Share incentive plan awards

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
JSE share code: NPH ISIN code: ZAE000298253                      JSE debt issuer code: NHMI
("Northam Holdings" or the "company" or, together with           Bond code: NHM015        Bond ISIN: ZAG000164922
its subsidiaries, the "group")                                   Bond code: NHM016        Bond ISIN: ZAG000167750
                                                                 Bond code: NHM021        Bond ISIN: ZAG000181496
                                                                 Bond code: NHM022        Bond ISIN: ZAG000190133
                                                                 Bond code: NHM023        Bond ISIN: ZAG000190968
                                                                 Bond code: NHM025        Bond ISIN: ZAG000195934
                                                                 Bond code: NHM026        Bond ISIN: ZAG000195942
                                                                 ("Northam Platinum")

SHARE INCENTIVE PLAN AWARDS

In accordance with the group's remuneration policy, conditional shares under the Northam Platinum Share Incentive
Plan, 2011 ("SIP") subject to performance conditions, ("Conditional Shares") are awarded annually to all employees
employed within the Paterson D lower band and above ("SIP Performance Awards").

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements ("JSE Listings Requirements"),
Northam Holdings shareholders are hereby advised of the below SIP Performance Awards made to directors and the
company secretary of the company, as well as a director of a major subsidiary of the company with effect from
31 October 2024 ("Grant Date"). Vesting of the SIP Performance Awards is subject to, inter alia, continued employment
with the group and the achievement of performance conditions over the vesting period.

Nature of transactions:                          SIP Performance Awards
Class of securities:                             In accordance with the SIP rules, upon vesting Conditional Shares
                                                 may be settled by way of shares in Northam Holdings and/or the
                                                 equivalent rand value of the shares in Northam Holdings, in cash, at
                                                 the election of the group's remuneration committee
Date of awards:                                  15 November 2024
Vesting date:                                    31 October 2027, being the 3rd anniversary of the Grant Date
Transactions completed on-market or off-         Off-market
market:
Nature and extent of interest:                   Direct beneficial
Clearance obtained in terms of the JSE           Yes
Listings Requirements:


Transaction 1
Name of director of the company:                 PA Dunne
Total number of SIP Performance Awards:          136 100 Conditional Shares
Strike price and value of transaction:           Rnil
Deemed value of transaction*:                    R15 613 392.00


Transaction 2
Name of director of the company:                 AH Coetzee
Total number of SIP Performance Awards:          65 800 Conditional Shares
Strike price and value of transaction:           Rnil
Deemed value of transaction*:                    R7 548 576.00


Transaction 3
Name of company secretary of the company:        PB Beale
Total number of SIP Performance Awards:          31 500 Conditional Shares
Strike price and value of transaction:           Rnil
Deemed value of transaction*:                    R3 613 680.00


Transaction 4
Name of director of a major subsidiary of the    LC van Schalkwyk
company:
Name of major subsidiary:                        Booysendal Platinum Proprietary Limited
Total number of SIP Performance Awards:          52 300 Conditional Shares
Strike price and value of transaction:           Rnil
Deemed value of transaction*:                    R5 999 856.00


*The deemed value of the transaction is illustrative and is calculated using all relevant Conditional Shares awarded,
priced at the Northam Holdings closing share price of R114.72 as at 14 November 2024. For the avoidance of doubt,
the final number of Conditional Shares that will vest, after the vesting date, remains subject to, inter alia, continued
employment with the group and the achievement of performance conditions.


Johannesburg
15 November 2024

Corporate Advisor and Sponsor to Northam Holdings             
One Capital                                                  

Attorneys to Northam Holdings and Northam Platinum
Webber Wentzel

Corporate Advisor and Debt Sponsor to Northam Platinum
One Capital

Date: 15-11-2024 11:45:00
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