NORTHAM PLATINUM HOLDINGS LIMITED - Change in external auditor

Change in external auditor

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 the “company” or, together with       Bond code: NHM007       Bond ISIN: ZAG000158593
its subsidiaries, “Northam” or the “group”)                  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”)


CHANGE IN EXTERNAL AUDITOR

Shareholders and noteholders are advised that the board of directors of the company (“board”), on recommendation of
Northam’s audit and risk committee, has appointed PricewaterhouseCoopers Inc. (“PwC”) as the new external auditor
of the group for the financial year ending 30 June 2023, with the designated audit partner being AJ Rossouw.

The incumbent external auditor, Ernst and Young Inc. (“EY”) will continue to act as external auditor of the group for the
financial year ending 30 June 2022. EY’s appointment will accordingly terminate upon the conclusion of the audit in
respect of the financial year ending 30 June 2022. PwC’s appointment as external auditor will be effective immediately
after EY’s appointment terminates and will be proposed for approval by shareholders at the annual general meeting of
the company, scheduled to be held in October 2022.

The change in external auditor was initiated following Northam’s decision to early adopt the mandatory audit firm rotation
rule, issued by the Independent Regulatory Board for Auditors, which is effective for financial years commencing on or
after 1 April 2023.

The board would like to extend its appreciation to EY for their long-standing service to the group and looks forward to
working with PwC.

Johannesburg
29 March 2022

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: 29-03-2022 05:06:00
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