Announcements 2020

New R1.33 billion domestic medium term note placement and extension to the maturity of R492.1 million of domestic medium term notes under the R15 billion domestic medium term note programme

Northam is pleased to announce that it has completed a private placement of domestic medium term notes (“Notes”) to the value of R1.33 billion (“New Notes”) in a bookbuild under Northam’s R15 billion Domestic Medium Term Note Programme (dated 29 October 2020, as amended and / or supplemented from time to time) (“Programme”). The bookbuild was oversubscribed by 33%.


Northam is pleased to announce that it has completed a private placement of domestic medium term notes (“Notes”) to the value of R1.33 billion (“New Notes”) in a bookbuild under Northam’s R15 billion Domestic Medium Term Note Programme (dated 29 October 2020, as amended and / or supplemented from time to time) (“Programme”). The bookbuild was oversubscribed by 33%.

The New Notes were issued today, 25 November 2020, on the Interest Rate Market of the JSE Limited, primarily as tap issuances under the following bond series: NHM011, NHM014, NHM016, NHM018 and NHM019 (“Existing Bond Series”) as well as issues under new bond series NHM020 (“New Bond Series”).

The New Notes issued under the Existing Bond Series attract floating rate coupons between 2.50% and 4.25% per annum above the 3 month ZAR-JIBAR, with interest payable quarterly, as detailed in previously published SENS announcements.

The New Notes issued under the New Bond Series mature on 25 November 2023 (R132 million) and attract a floating rate coupon of 3.75% per annum above the 3 month ZAR-JIBAR with interest payable quarterly.

The New Notes issued under the Existing Bond Series and the New Bond Series have a staggered maturity profile, maturing within the next 12 months (R10 million), 18 months (R345 million), 30 months (R253 million), 36 months (R132 million), 42 months (R390 million) and 54 months (R200 million) from the date of issue.

The proceeds from the issuance of the New Notes will be applied towards replenishing Northam’s cash reserves utilised in the course of Northam’s ongoing acquisition of preference shares in Zambezi Platinum (RF) Limited, including as published on SENS on 15 October 2020.

Furthermore, pursuant to the announcement published on SENS on 28 October 2020 pertaining to the partial capital redemption of Notes under bond series NHM017, Northam is pleased to announce that, on 30 October 2020, it completed a R492.1 million note switch, effectively extending the maturity date of certain Notes issued under bond series NHM017, maturing on 26 February 2021. This was achieved through the purchase and cancellation of such Notes and the simultaneous issue of new Notes to the same Note holders as a second tranche under bond series NHM012, maturing on 13 June 2022, for the same aggregate nominal amount (“Note Switch”). The NHM012 series Notes have a floating interest rate of 3.75% per annum above the 3 month ZAR-JIBAR, with interest payable quarterly.

Following the placement of the New Notes, the total nominal value of Notes in issue under the Programme amounts to c. R7.13 billion.

The combination of the placement of the New Notes and the Note Switch provides significant additional balance sheet flexibility for Northam.

Paul Dunne, Northam’s Chief Executive Officer said “Northam is pleased to have such strong investor support for our DMTN Programme. This continues to support Northam’s growth strategy and simultaneously allows the Company to accelerate the return of value to shareholders.

Johannesburg
25 November 2020

Corporate Advisor and JSE Sponsor to Northam
One Capital

Sole Arranger, Dealer and Debt Sponsor to Northam in respect of the Programme
One Capital

Attorneys to Northam
Cliffe Dekker Hofmeyr Inc.

Legal Advisors to Northam, the Arranger and the Dealer in respect of the Programme
Bowman Gilfillan Inc.

Listing of tap issuances – NHM011, NHM014, NHM016, NHM018 AND NHM019

The JSE Limited (“JSE”) has granted approval for the listing of tap issuances of Senior Unsecured Floating Rate Notes (“Notes”) under series NHM011, NHM014, NHM016, NHM018 and NHM019, issued under the Northam Platinum Limited ZAR15 000 000 000 Domestic Medium Term Note Programme, dated 29 October 2020, as amended and/or supplemented from time to time (“Programme”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 25 November 2020.


The JSE Limited (“JSE”) has granted approval for the listing of tap issuances of Senior Unsecured Floating Rate Notes (“Notes”) under series NHM011, NHM014, NHM016, NHM018 and NHM019, issued under the Northam Platinum Limited ZAR15 000 000 000 Domestic Medium Term Note Programme, dated 29 October 2020, as amended and/or supplemented from time to time (“Programme”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 25 November 2020.

The details pertaining to the tap issuance of the NHM011 series are as follows:

Instrument Type: Senior Unsecured Floating Rate Notes
Total Notes in Issue: ZAR7 131 615 839.00 (inclusive of this tap issue and the tap issuances under series NHM014, NHM016, NHM018 and NHM019 and the issue of NHM020 Notes, all issuing on 25 November 2020)
Instrument Code NHM011
Tranche Number: 2
Nominal Amount: ZAR345 000 000.00
Issue Price: 100.01941%
Interest Rate: 3 Month ZAR-JIBAR plus 375 bps per annum
Interest Rate Determination Date(s):       24 May, 24 August, 24 November and 24 February of each year (or the first Business Day of each Interest Period) until the Maturity Date
Coupon Rate Indicator: Floating
Issue Date: 25 November 2020
Interest Commencement Date: 24 November 2020
Maturity Date: 24 May 2022
Final Redemption Amount: 100% of Nominal Amount
Last Day to Register: By 17h00 on 13 May, 13 August, 13 November and 13 February of each year until the Maturity Date, or if such day is not a Business Day, the Business Day before each Books Closed Period
Books Closed Period: 14 May to 23 May, 14 August to 23 August, 14 November to 23 November and 14 February to 23 February of each year until the Maturity Date (all dates inclusive), or if any early redemption occurs, 10 Days prior to the actual Redemption Date
Floating Interest Payment Date(s): 24 May, 24 August, 24 November and 24 February of each year until the Maturity Date or, if such day is not a Business Day, the Business Day on which interest will be paid, as determined in accordance with the Applicable Business Day Convention
International Securities Identification Numbering (ISIN): ZAG000159237
Business Day Convention: Following Business Day
Other: The applicable pricing supplement (“APS”) does not contain additional terms and conditions to the terms and conditions as contained in the Programme. The APS is available on Northam’s website: https://www.northam.co.za/downloads/send/96-files/1326-applicable-pricing-supplement-nhm011-tap-issue
Summary of Additional Terms and Conditions: Not applicable

The details pertaining to the tap issuance of the NHM014 series are as follows:

Instrument Type: Senior Unsecured Floating Rate Notes
Total Notes in Issue: ZAR7 131 615 839.00 (inclusive of this tap issue and the tap issuances under series NHM011, NHM016, NHM018 and NHM019 and the issue of NHM020 Notes, all issuing on 25 November 2020)
Instrument Code NHM014
Tranche Number: 3
Nominal Amount: ZAR10 000 000.00
Issue Price: 100.07990%
Interest Rate: 3 Month ZAR-JIBAR plus 250 bps per annum
Interest Rate Determination Date(s):       20 February 2021, 20 May 2021 and 20 August 2021 (or the first Business Day of each Interest Period)
Coupon Rate Indicator: Floating
Issue Date: 25 November 2020
Interest Commencement Date: 20 November 2020
Maturity Date: 20 November 2021
Final Redemption Amount: 100% of Nominal Amount
Last Day to Register: By 17h00 on 9 February 2021, 9 May 2021, 9 August 2021 and 9 November 2021 or if such day is not a Business Day, the Business Day before each Books Closed Period
Books Closed Period: 10 February 2021 to 19 February 2021, 10 May 2021 to 19 May 2021, 10 August 2021 to 19 August 2021 and 10 November 2021 to 19 November 2021 (all dates inclusive), or if any early redemption occurs, 10 Days prior to the actual Redemption Date
Floating Interest Payment Date(s): 20 February 2021, 20 May 2021, 20 August 2021 and 20 November 2021 or, if such day is not a Business Day, the Business Day on which interest will be paid, as determined in accordance with the Applicable Business Day Convention
International Securities Identification Numbering (ISIN): ZAG000163650
Business Day Convention: Following Business Day
Other: The APS does not contain additional terms and conditions to the terms and conditions as contained in the Programme. The APS is available on Northam’s website: https://www.northam.co.za/downloads/send/96-files/1327-applicable-pricing-supplement-nhm014-tap-issue
Summary of Additional Terms and Conditions: Not applicable

The details pertaining to the tap issuance of the NHM016 series are as follows:

Instrument Type: Senior Unsecured Floating Rate Notes
Total Notes in Issue: ZAR7 131 615 839.00 (inclusive of this tap issue and the tap issuances under series NHM011, NHM014, NHM018 and NHM019 and the issue of NHM020 Notes, all issuing on 25 November 2020)  
Instrument Code NHM016
Tranche Number: 4
Nominal Amount: ZAR200 000 000.00
Issue Price: 100.29085%
Interest Rate: 3 Month ZAR-JIBAR plus 425 bps per annum
Interest Rate Determination Date(s):       11 August, 11 November, 11 February and 11 May (or the first Business Day of each Interest Period) of each year until the Maturity Date
Coupon Rate Indicator: Floating
Issue Date: 25 November 2020
Interest Commencement Date: 11 November 2020
Maturity Date: 11 May 2025
Final Redemption Amount: 100% of Nominal Amount
Last Day to Register: By 17h00 on 31 July, 31 October, 31 January and 30 April of each year until the Maturity Date, or if such day is not a Business Day, the Business Day before each Books Closed Period
Books Closed Period: 1 August to 10 August, 1 November to 10 November, 1 February to 10 February and 1 May to 10 May of each year until the Maturity Date (all dates inclusive), or if any early redemption occurs, 10 Days prior to the actual Redemption Date
Floating Interest Payment Date(s): 11 August, 11 November, 11 February and 11 May of each year until the Maturity Date or, if such day is not a Business Day, the Business Day on which interest will be paid, as determined in accordance with the Applicable Business Day Convention
International Securities Identification Numbering (ISIN): ZAG000167750
Business Day Convention: Following Business Day
Other: The APS does not contain additional terms and conditions to the terms and conditions as contained in the Programme. The APS is available on Northam’s website: https://www.northam.co.za/downloads/send/96-files/1328-applicable-pricing-supplement-nhm016-tap-issue
Summary of Additional Terms and Conditions: Not applicable

The details pertaining to the tap issuance of the NHM018 series are as follows:

Instrument Type: Senior Unsecured Floating Rate Notes
Total Notes in Issue: ZAR7 131 615 839.00 (inclusive of this tap issue and the tap issuances under series NHM011, NHM014, NHM016 and NHM019 and the issue of NHM020 Notes, all issuing on 25 November 2020)
Instrument Code NHM018
Tranche Number: 3
Nominal Amount: ZAR253 000 000.00
Issue Price: 100%
Interest Rate: 3 Month ZAR-JIBAR plus 375 bps per annum
Interest Rate Determination Date(s):       25 August, 25 November, 25 February and 25 May (or the first Business Day of each Interest Period) of each year until the Maturity Date
Coupon Rate Indicator: Floating
Issue Date: 25 November 2020
Interest Commencement Date: 25 November 2020
Maturity Date: 25 May 2023
Final Redemption Amount: 100% of Nominal Amount
Last Day to Register: By 17h00 on 14 August, 14 November, 14 February and 14 May of each year until the Maturity Date, or if such day is not a Business Day, the Business Day before each Books Closed Period
Books Closed Period: 15 August to 24 August, 15 November to 24 November, 15 February to 24 February and 15 May to 24 May of each year until the Maturity Date (all dates inclusive), or if any early redemption occurs, 10 Days prior to the actual Redemption Date
Floating Interest Payment Date(s): 25 August, 25 November, 25 February, and 25 May of each year until the Maturity Date or, if such day is not a Business Day, the Business Day on which interest will be paid, as determined in accordance with the Applicable Business Day Convention
International Securities Identification Numbering (ISIN): ZAG000168097
Business Day Convention: Following Business Day
Other: The APS does not contain additional terms and conditions to the terms and conditions as contained in the Programme. The APS is available on Northam’s website: https://www.northam.co.za/downloads/send/96-files/1329-applicable-pricing-supplement-nhm018-tap-issue
Summary of the Additional Terms and Conditions: Not applicable

The details pertaining to the tap issuance of the NHM019 series are as follows:

Instrument Type: Senior Unsecured Floating Rate Notes
Total Notes in Issue: ZAR7 131 615 839.00 (inclusive of this tap issue and the tap issuances under series NHM011, NHM014, NHM016 and NHM018 and the issue of NHM020 Notes, all issuing on 25 November 2020)
Instrument Code NHM019
Tranche Number: 2
Nominal Amount: ZAR390 000 000.00
Issue Price: 100%
Interest Rate: 3 Month ZAR-JIBAR plus 400 bps per annum
Interest Rate Determination Date(s):       25 August, 25 November, 25 February and 25 May (or the first Business Day of each Interest Period) of each year until the Maturity Date
Coupon Rate Indicator: Floating
Issue Date: 25 November 2020
Interest Commencement Date: 25 November 2020
Maturity Date: 25 May 2024
Final Redemption Amount: 100% of Nominal Amount
Last Day to Register: By 17h00 on 14 August, 14 November, 14 February and 14 May of each year until the Maturity Date, or if such day is not a Business Day, the Business Day before each Books Closed Period
Books Closed Period: 15 August to 24 August, 15 November to 24 November, 15 February to 24 February and 15 May to 24 May of each year until the Maturity Date (all dates inclusive), or if any early redemption occurs, 10 Days prior to the actual Redemption Date
Floating Interest Payment Date(s): 25 August, 25 November, 25 February, and 25 May of each year until the Maturity Date or, if such day is not a Business Day, the Business Day on which interest will be paid, as determined in accordance with the Applicable Business Day Convention
International Securities Identification Numbering (ISIN): ZAG000168105
Business Day Convention: Following Business Day
Other: The APS does not contain additional terms and conditions to the terms and conditions as contained in the Programme. The APS is available on Northam’s website: https://www.northam.co.za/downloads/send/96-files/1330-applicable-pricing-supplement-nhm019-tap-issue
Additional Terms and Conditions: Not applicable

The Notes will be immobilised in the Central Securities Depository (CSD) and settlement will take place electronically in terms of JSE Rules.

Johannesburg
24 November 2020

Sole Arranger, Dealer and Debt Sponsor to Northam in respect of the Programme
One Capital

Attorneys to Northam, the Arranger and the Dealer in respect of the Programme
Bowman Gilfillan Inc.

Listing of new financial instrument – NHM020

The JSE Limited (“JSE”) has granted approval for the listing of NHM020 Senior Unsecured Floating Rate Notes (“Notes”) issued under the Northam Platinum Limited ZAR15 000 000 000 Domestic Medium Term Note Programme, dated 29 October 2020, as amended and/or supplemented from time to time (“Programme”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 25 November 2020.


The JSE Limited (“JSE”) has granted approval for the listing of NHM020 Senior Unsecured Floating Rate Notes (“Notes”) issued under the Northam Platinum Limited ZAR15 000 000 000 Domestic Medium Term Note Programme, dated 29 October 2020, as amended and/or supplemented from time to time (“Programme”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 25 November 2020.

The details pertaining to the issue of NHM020 are as follows:

Instrument Type: Senior Unsecured Floating Rate Notes
Total Notes in Issue: ZAR7 131 615 839.00 (inclusive of this issue and the tap issuances under series NHM011, NHM014, NHM016, NHM018 and NHM019, all issuing on 25 November 2020)
Instrument Code NHM020
Nominal Amount: ZAR132 000 000.00
Issue Price: 100%
Interest Rate: 3 Month ZAR-JIBAR plus 375 bps per annum
Interest Rate Determination Date(s):       25 February, 25 May, 25 August and
25 November (or the first Business Day of each Interest Period) of each year until the Maturity Date with the first Interest Rate Determination Date being 20 November 2020
Coupon Rate Indicator: Floating
Issue Date: 25 November 2020
Interest Commencement Date: 25 November 2020
Maturity Date: 25 November 2023
Final Redemption Amount: 100% of Nominal Amount
Last Day to Register: By 17h00 on 14 February, 14 May, 14 August and
14 November of each year until the Maturity Date, or if such day is not a Business Day, the Business Day before each Books Closed Period
Books Closed Period: 15 February to 24 February, 15 May to 24 May, 15 August to 24 August and 15 November to 24 November of each year until the Maturity Date (all dates inclusive), or if any early redemption occurs, 10 Days prior to the actual Redemption Date
Floating Interest Payment Date(s): 25 February, 25 May, 25 August and 25 November of each year until the Maturity Date or, if such day is not a Business Day, the Business Day on which interest will be paid, as determined in accordance with the Applicable Business Day Convention
International Securities Identification Numbering (ISIN): ZAG000172594
Business Day Convention: Following Business Day
Other: The applicable pricing supplement (“APS”) does not contain additional terms and conditions to the terms and conditions as contained in the Programme. The APS is available on Northam’s website:
https://www.northam.co.za/downloads/send/96-files/1331-applicable-pricing-supplement-nhm020-tap-issue
Additional Terms and Conditions: Not applicable

The Notes will be immobilised in the Central Securities Depository (CSD) and settlement will take place electronically in terms of JSE Rules.

Johannesburg
24 November 2020

Sole Arranger, Dealer and Debt Sponsor to Northam in respect of the Programme
One Capital

Attorneys to Northam, the Arranger and the Dealer in respect of the Programme
Bowman Gilfillan Inc.

Interest payment notification – NHM017

Northam bondholders are advised of the following interest payment due on Thursday, 26 November 2020:


Northam bondholders are advised of the following interest payment due on Thursday, 26 November 2020:

Bond Code: NHM017
ISIN No: ZAG000167891
Coupon: 5.842%
Interest Period: 26 August 2020 to 25 November 2020
Interest Amount Due: R41 230.12
Payment Date: 26 November 2020
Date Convention: Following Business Day

Johannesburg
23 November 2020

Debt Sponsor
One Capital

Interest payment notification – NHM018 AND NHM019

Northam bondholders are advised of the following interest payments due on Wednesday, 25 November 2020.


Northam bondholders are advised of the following interest payments due on Wednesday, 25 November 2020:

Bond Code: NHM018
ISIN: ZAG000168097
Coupon: 7.192%
Interest Period: 25 August 2020 to 24 November 2020
Interest Amount Due: R18 513 902.55
Payment Date: 25 November 2020

Date Convention:

Following Business Day


Bond Code: NHM019
ISIN: ZAG000168105
Coupon: 7.442%
Interest Period: 25 August 2020 to 24 November 2020
Interest Amount Due: R8 441 063.01
Payment Date: 25 November 2020

Date Convention:

Following Business Day

Johannesburg
20 November 2020

Debt Sponsor
One Capital

Notice of an acquisition of a beneficial interest in Northam securities

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended, and paragraph 3.83(b) of the JSE Limited Listings Requirements, Northam shareholders are advised that the company has received notification that Coronation Asset Management Proprietary Limited, on behalf of its clients (“Coronation”), has acquired a beneficial interest in Northam securities (the “Acquisition”).


In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended, and paragraph 3.83(b) of the JSE Limited Listings Requirements, Northam shareholders are advised that the company has received notification that Coronation Asset Management Proprietary Limited, on behalf of its clients (“Coronation”), has acquired a beneficial interest in Northam securities (the “Acquisition”).

Following the Acquisition, Coronation now holds 5.03% of the total issued ordinary share capital of the company.

Johannesburg
20 November 2020

Sponsor
One Capital

Interest payment notification – NHM011

Northam bondholders are advised of the following interest payment due on Tuesday, 24 November 2020:


Northam bondholders are advised of the following interest payment due on Tuesday, 24 November 2020:

Bond Code: NHM011
ISIN: ZAG000159237
Coupon: 7.192%
Interest Period: 24 August 2020 to 23 November 2020
Interest Amount Due: R3 136 106.08
Payment Date: 24 November 2020

Date Convention:

Following Business Day

Johannesburg
19 November 2020

Debt Sponsor
One Capital

Interest payment notification – NHM014

Northam bondholders are advised of the following interest payment due on Friday, 20 November 2020:


Northam bondholders are advised of the following interest payment due on Friday, 20 November 2020:

Bond Code: NHM014
ISIN No: ZAG000163650
Coupon: 5.942%
Interest Period: 20 August 2020 to 19 November 2020
Interest Amount Due: R28 756 024.11
Payment Date: 20 November 2020
Date Convention: Following Business Day

Johannesburg
17 November 2020

Debt Sponsor
One Capital

Amendment to the programme memorandum and increase in the programme amount to R15 billion in respect of Northam’s Domestic Medium Term note programme

Northam established a Domestic Medium Term Note Programme (the “Programme”) pursuant to a programme memorandum dated 3 August 2012 (the “Previous Programme Memorandum”), in terms of which the Company may, from time to time, issue notes (“Notes”).


Northam established a Domestic Medium Term Note Programme (the “Programme”) pursuant to a programme memorandum dated 3 August 2012 (the “Previous Programme Memorandum”), in terms of which the Company may, from time to time, issue notes (“Notes”).

Noteholders are hereby advised that Northam has updated the Previous Programme Memorandum to, inter alia, align with the latest regulations (including amendments to the JSE Debt Listings Requirements (“Debt Requirements”)), include more recent information pertaining to Northam and incorporate Booysendal Platinum Proprietary Limited (“Booysendal”) as Guarantor (collectively, the “Amendments”).

The Amendments are incorporated in an amended and restated programme memorandum dated 29 October 2020 (“Programme Date”) (the “Amended and Restated Programme Memorandum”), a copy of which is available on Northam’s website (https://www.northam.co.za/downloads/send/96-files/1324-northam-programme-memorandum-13112020). The Amended and Restated Programme Memorandum has been approved by and registered with the JSE Limited.

Noteholders are further advised that the board of directors of Northam has approved an increase in the Programme Amount in terms of the provisions of the Programme from ZAR10 000 000 000 to ZAR15 000 000 000.

Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in the Amended and Restated Programme Memorandum.

A summary of the material Amendments is detailed below. This announcement only contains a summary of the material Amendments and therefore does not contain the full or complete details of the Amendments. Any investment decisions made by investors and/or Noteholders should only be made after due and careful consideration of, inter alia, the Amended and Restated Programme Memorandum (as available on Northam’s website).

Alignment with the latest regulations

  • Alignment of the JSE and the Company responsibility statements, as well as the pro forma Applicable Pricing Supplement, with the Debt Requirements.
  • Update of the King IVTM disclosure in accordance with the Debt Requirements.
  • Appointment of Ms AH Coetzee, the Chief Financial Officer of Northam, as Northam’s debt officer in accordance with the Debt Requirements.
  • Introduction and/or amendment of various definitions to align with the Debt Requirements including, but not limited to, “Interest Period”, “Interest Payment Dates” and “Extraordinary Resolution”.
  • Introduction and/or amendment of various Terms and Conditions including, but not limited to, “Interest”, “Payments”, “Redemption and Purchase”, “Events of Default” and “Notices”. These amendments included amending:
    • Condition 9 “Interest” to update “Accrual of Interest”;
    • Condition 11 “Redemption and Purchase” to update “Redemption for Tax Reasons” and “Redemption in the event of a Change of Control” and to include “Redemption in the event of a failure to maintain a JSE Listing or Rating”;
    • Condition 18 “Events of Default” in particular 18.1.1.4 “Cross Default” and 18.1.1.10 “Other” to align with the inclusion of the Guarantor and introduction of 18.1.1.9 “Guarantee”; and
    • Condition 22 “Meeting of Noteholders/Consent Process” to align with the meetings of shareholder provisions as set out in the Companies Act.
  • Amendment of the provisions applicable to the settlement, clearing and transfer of Notes in accordance with the Debt Requirements and the directives issued by Strate.
  • Alignment of the “Subscription and Sale”, “Taxation” and “South African Exchange Control” sections with the most recent applicable laws and regulations.

Information pertaining to Northam and general information

  • Update of the sections headed “Description of Northam Platinum Limited” and “Corporate Information”.
  • Update of the section headed “Documents Incorporated by Reference”, which includes the publication of information on the Company’s website.
  • Update of information relating to the current Dealer, JSE Debt Sponsor, Transfer Agent, Calculation Agent, Issuer Agent and Paying Agent.
  • Update of the section headed “Investor Considerations/Risk Factors” to include the subsection “Risks relating to the Issuer’s Business”.

Introduction of Booysendal as Guarantor

  • Amendment of all relevant sections to include Booysendal as a Guarantor.
  • Inclusion of the section headed “Description of Booysendal Platinum Proprietary Limited”.
  • Inclusion of a provision for “Additional Guarantors” by way of mandatory accession for a Northam Group entity on such entity becoming a material subsidiary of the Northam Group.
  • Inclusion of the section headed “Terms and Conditions of the Guarantee”, including the pro forma Guarantee, the Form of Accession Letter and Conditions Precedent.

The Amended and Restated Programme Memorandum will apply to all Notes issued under the Programme on or after the Programme Date and will, in respect of such Notes, supersede and replace the Previous Programme Memorandum in its entirety. For the avoidance of doubt, subject to all applicable laws, the Previous Programme Memorandum will remain applicable to all Notes in issue prior to the Programme Date.

Johannesburg
13 November 2020

Corporate Advisor, Sponsor and Debt Sponsor to Northam
One Capital

Sole Arranger, Dealer and Debt Sponsor to Northam in respect of the Programme
One Capital

Legal Advisors to Northam, the Arranger, the Dealer and the Debt Sponsor in respect of the Programme
Bowman Gilfillan Inc.

Interest payment notification – NHM002

Northam bondholders are advised of the following interest payment due on Thursday, 12 November 2020.


Northam bondholders are advised of the following interest payment due on Thursday, 12 November 2020:

Bond Code: NHM002
ISIN: ZAG000129024
Coupon: 13.5% per annum
Interest Period: 12 May 2020 to 11 November 2020
Interest Amount Due: R94 500.00
Payment Date: 12 November 2020
Date Convention: Modified Following Business Day

Johannesburg
9 November 2020

Debt Sponsor
One Capital