Announcements 2020

Interest payments notification – NHM012 and NHM015

Northam bondholders are advised of the following interest payments due on Monday, 15 June 2020:


Northam bondholders are advised of the following interest payments due on Monday, 15 June 2020:

Bond Code: NHM012
ISIN: ZAG000160136
Coupon: 10.125%
Interest Period: 13 March 2020 to 14 June 2020
Interest Amount Due: R 794 515.68
Payment Date: 15 June 2020
Date Convention: Following Business Day
 
Bond Code: NHM015
ISIN: ZAG000164922
Coupon: 9.675%
Interest Period: 13 March 2020 to 14 June 2020
Interest Amount Due: R 12 458 219.18
Payment Date: 15 June 2020
Date Convention: Following Business Day

Johannesburg
10 June 2020

Debt Sponsor
One Capital

Partial capital redemption – NHM009 and NHM014

Northam noteholders are hereby advised, in accordance with the Terms and Conditions of the Northam Platinum Limited ZAR10 000 000 000 Domestic Medium Term Note Programme (dated 3 August 2012, as amended and / or supplemented from time to time) (the “Programme”), of the reduction in the nominal amount of notes in bond series NHM009 and NHM014 (the “Notes”), guaranteed by Booysendal Platinum Proprietary Limited, by an aggregate amount of R350 million (the “Purchased Notes”), on 8 June 2020.


Northam noteholders are hereby advised, in accordance with the Terms and Conditions of the Northam Platinum Limited ZAR10 000 000 000 Domestic Medium Term Note Programme (dated 3 August 2012, as amended and / or supplemented from time to time) (the “Programme”), of the reduction in the nominal amount of notes in bond series NHM009 and NHM014 (the “Notes”), guaranteed by Booysendal Platinum Proprietary Limited, by an aggregate amount of R350 million (the “Purchased Notes”), on 8 June 2020.

Bond Code: NHM009
ISIN: ZAG000158866
Reduction in the nominal amount of the relevant Notes: R50 000 000.00
Remaining nominal amount of the relevant Notes in issue: R100 000 000.00
   
Bond Code: NHM014
ISIN: ZAG000163650
Reduction in the nominal amount of the relevant Notes: R300 000 000.00
Remaining nominal amount of the relevant Notes in issue: R1 920 000 000.00

The reduction in the nominal amount of the Notes was effected through the purchase by Northam of the Purchased Notes in the market and the surrender by Northam of the Purchased Notes to the Transfer Agent under the Programme for cancellation thereof on 8 June 2020.

Northam noteholders are referred to the announcement published by the Company on SENS on Monday, 25 May 2020 (the “Announcement”) pertaining to, inter alia, a note switch whereby the maturity dates of certain notes will be extended through a purchase and cancellation of such notes and the simultaneous issue of new notes under the Programme with longer maturity dates, for the same nominal amount, as detailed in the Announcement (the “Note Switch”). The purchase and cancellation of the Purchased Notes pertains to the Note Switch.

Johannesburg
8 June 2020

Corporate Advisor and JSE Sponsor to Northam
One Capital

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

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

Listing of tap issues – NHM016 AND NHM018

The JSE Limited (“JSE”) has granted approval for the listing of tap issues of both NHM016 and NHM018 Senior Unsecured Floating Rate Notes (“Notes”), issued under the Northam Platinum Limited ZAR10 000 000 000 Domestic Medium Term Note Programme, dated 3 August 2012, as amended and supplemented from time to time (“Programme”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 8 June 2020.


The JSE Limited (“JSE”) has granted approval for the listing of tap issues of both NHM016 and NHM018 Senior Unsecured Floating Rate Notes (“Notes”), issued under the Northam Platinum Limited ZAR10 000 000 000 Domestic Medium Term Note Programme, dated 3 August 2012, as amended and supplemented from time to time (“Programme”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 8 June 2020.

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

Instrument Type: Senior Unsecured Floating Rate Notes
Total Notes in Issue: ZAR5 640 748 994.00 including this issue of Notes and the issue of notes under NHM018 on the same Issue Date
Instrument Code: NHM016
Tranche Number: 2
Nominal Amount: ZAR130 000 000.00
Issue Price: 100.674455%
Interest Rate: 3 Month ZAR-JIBAR plus 425 bps per annum, being 8.792% on the first Interest Rate Determination Date (3 Month ZAR-JIBAR as at 6 May 2020 of 4.542% plus 425 bps)
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, with the first Interest Rate
Determination Date being 6 May 2020
Coupon Rate Indicator: Floating
Issue Date: 8 June 2020
Interest Commencement Date:
Maturity Date:
Final Redemption Amount:
11 May 2020
11 May 2025
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 Close 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
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
ISIN: ZAG000167750
Business Day Convention: Following Business Day
Other: The applicable pricing supplement (“APS”) contains additional terms and conditions to the Terms and Conditions as contained in the Programme, (“Additional Terms and Conditions”)
Summary of additional terms and conditions: The Additional Terms and Conditions pertain to the applicable guarantee and the amendment of Condition 16.1 (Senior Notes) by including additional Events of Default in terms of Condition 16.1.1.9 (Other) of the Terms and Conditions. Investors should refer to Appendix “A” of the APS for full details of the Additional Terms and Conditions, available on Northam’s website: https://www.northam.co.za/downloads/send/145-2020/1288-applicable-pricing-supplement-nhm016-tap-issue

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

Instrument Type: Senior Unsecured Floating Rate Notes
Total Notes in Issue: ZAR5 640 748 994.00 including this issue of Notes and the issue of notes under NHM016 on the same Issue Date
Instrument Code: NHM018
Tranche Number: 2
Nominal Amount: ZAR350 000 000.00
Issue Price: 100.311337%
Interest Rate: 3 Month ZAR-JIBAR plus 375 bps per annum, being 8.117% on the first Interest Rate Determination Date (3 Month ZAR-JIBAR as at 20 May 2020 of 4.367% plus 375 bps)
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, with the first Interest Rate Determination Date being 20 May 2020
Coupon Rate Indicator: Floating
Issue Date: 8 June 2020
Interest Commencement Date:
Maturity Date:
Final Redemption Amount:
25 May 2020
25 May 2023
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 Close 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
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
ISIN: ZAG000168097
Business Day Convention: Following Business Day
Other: The APS contains Additional Terms and Conditions
Summary of additional terms and conditions: The Additional Terms and Conditions pertain to the applicable guarantee and the amendment of Condition 16.1 (Senior Notes) by including additional Events of Default in terms of Condition 16.1.1.9 (Other) of the Terms and Conditions. Investors should refer to Appendix “A” of the APS for full details of the Additional Terms and Conditions, available on Northam’s website: https://www.northam.co.za/downloads/send/145-2020/1289-applicable-pricing-supplement-nhm018-tap-issue

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

Northam noteholders are referred to the announcement published by the Company on SENS on Monday, 25 May 2020 (the “Announcement”) pertaining to, inter alia, a note switch whereby the maturity dates of certain notes will be extended through a purchase and cancellation of such notes and the simultaneous issue of new notes under the Programme with longer maturity dates, for the same nominal amount, as detailed in the  Announcement (the “Note Switch”). The issue and listing of the Notes pertain to the Note Switch.

Johannesburg
5 June 2020

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

Attorneys to Northam, the Arranger and the Dealer in respect of the Notes

Bowman Gilfillan Inc.

Interest payment notification – NHM013

Northam bondholders are advised of the following interest payment due on Tuesday, 9 June 2020:


Northam bondholders are advised of the following interest payment due on Tuesday, 9 June 2020:

Bond Code: NHM013
ISIN: ZAG000162181
Coupon: 8.875%
Interest Period: 9 March 2020 to 8 June 2020
Interest Amount Due: R 114 086.30
Payment Date: 9 June 2020
Date Convention: Following Business Day

Johannesburg
4 June 2020

Debt Sponsor
One Capital

Partial capital redemption – NHM002, NHM006, NHM007, NHM009, NHM011, AND NHM014

Northam noteholders are hereby advised, in accordance with the Terms and Conditions of the Northam Platinum Limited ZAR10 000 000 000 Domestic Medium Term Note programme (dated 3 August 2012, as amended and / or supplemented from time to time) (the “Programme”), of the reduction in the nominal amount of notes in bond series NHM002, NHM006, NHM007, NHM009, NHM011 and NHM014 (the “Notes”), guaranteed by Booysendal Platinum Proprietary Limited, by an aggregate amount of R921.3 million (the “Purchased Notes”), on 25 May 2020.


Northam noteholders are hereby advised, in accordance with the Terms and Conditions of the Northam Platinum Limited ZAR10 000 000 000 Domestic Medium Term Note programme (dated 3 August 2012, as amended and / or supplemented from time to time) (the “Programme”), of the reduction in the nominal amount of notes in bond series NHM002, NHM006, NHM007, NHM009, NHM011 and NHM014 (the “Notes”), guaranteed by Booysendal Platinum Proprietary Limited, by an aggregate amount of R921.3 million (the “Purchased Notes”), on 25 May 2020.

Details pertaining to the Purchased Notes:

Bond Code: NHM002
ISIN: ZAG000129024
Reduction in the nominal amount of the relevant Notes: R173 600 000.00
Remaining nominal amount of the relevant Notes in issue: R1 400 000.00
   
Bond Code: NHM006
ISIN: ZAG000158577
Reduction in the nominal amount of the relevant Notes: R97 700 000.00
Remaining nominal amount of the relevant Notes in issue: R123 392 998.00
   
Bond Code: NHM007
ISIN: ZAG000158593
Reduction in the nominal amount of the relevant Notes: R100 000 000.00
Remaining nominal amount of the relevant Notes in issue: R141 185 996.00
   
Bond Code: NHM009
ISIN: ZAG000158866
Reduction in the nominal amount of the relevant Notes: R100 000 000.00
Remaining nominal amount of the relevant Notes in issue: R150 000 000.00
   
Bond Code: NHM011
ISIN: ZAG000159237
Reduction in the nominal amount of the relevant Notes: R50 000 000.00
Remaining nominal amount of the relevant Notes in issue: R173 000 000.00
   
Bond Code: NHM014
ISIN: ZAG000163650
Reduction in the nominal amount of the relevant Notes: R400 000 000.00
Remaining nominal amount of the relevant Notes in issue: R2 220 000 000.00

The reduction in the nominal amount of the Notes was effected through the purchase by Northam of the Purchased Notes in the market and the surrender by Northam of the Purchased Notes to the Transfer Agent under the Programme for cancellation thereof on 25 May 2020.

Northam noteholders are referred to the announcement published by the Company on SENS on Monday, 11 May 2020 (the “Announcement”) pertaining to, inter alia, a note switch whereby the maturity dates of certain notes will be extended through a purchase and cancellation of such notes and the simultaneous issue of new notes under the Programme with longer maturity dates, for the same nominal amount, as detailed in the Announcement (the “Note Switch”). The purchase and cancellation of the Purchased Notes pertains to the Note Switch.

Johannesburg
25 May 2020

Corporate Advisor and JSE Sponsor to Northam
One Capital

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

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

Northam completes a R2.65 billion restructuring of its Domestic Medium Term Note Programme, including R411 million of new funding

Northam shareholders and noteholders are referred to the announcement published by Northam on SENS on 11 May 2020 pertaining to a R2.166 billion restructuring of Northam’s R10 billion Domestic Medium Term Note Programme (dated 3 August 2012, as amended and / or supplemented from time to time) (“Programme”), comprising a c.R1.885 billion note switch into longer term maturities and c.R281 million of new funding.


Northam shareholders and noteholders are referred to the announcement published by Northam on SENS on 11 May 2020 pertaining to a R2.166 billion restructuring of Northam’s R10 billion Domestic Medium Term Note Programme (dated 3 August 2012, as amended and / or supplemented from time to time) (“Programme”), comprising a c.R1.885 billion note switch into longer term maturities and c.R281 million of new funding.

Northam is pleased to announce that it has reached agreement with additional noteholders to participate in a note switch to extend the maturity dates of certain domestic medium term notes (“Notes”) with an aggregate nominal amount of R350 million, through the purchase and cancellation of such Notes and the simultaneous issue of new Notes with longer term maturities, for the same nominal amount and to the same noteholders (“Additional Note Switch”). Upon implementation, this will result in a total Note switch of c.R2.235 billion. Furthermore, certain noteholders will provide new funding by subscribing for additional new Notes with an aggregate nominal amount of R130 million (“Additional New Funding”), resulting in a total of c.R411 million of new funding raised during this process.

The Additional Note Switch and the accompanying Additional New Funding completes the restructuring of the maturities and fund raising which Northam set out to achieve in order to preserve its medium term liquidity in the current global economic climate following the onset of the COVID-19 pandemic.

The Notes to be purchased and cancelled as part of the Additional Note Switch are issued under bond code series NHM009 (R50 million) and NHM014 (R300 million). The new Notes to be issued as part of the Additional Note Switch and Additional New Funding will be placed as a new tranche under each of the NHM016 (R130 million) and NHM018 (R350 million) series and will be issued on the same terms applicable to such series. The NHM016 and NHM018 series have a maturity date of 11 May 2025 and 25 May 2023, respectively, and a floating interest rate of 3 month ZAR-JIBAR plus 4.25% and 3.75%, respectively, with interest payable quarterly.

The following table summarises the impact of the total Note switch and the total new funding on the maturity profile of the Notes under the Programme, in respect of Northam’s financial years ending 30 June. Values represent the change in the nominal amount of Note maturities for each financial year.

Change in maturity value in each financial year 2020
R’m
2021
R’m
2022
R’m
2023
R’m
2024
R’m
2025
R’m
Total
R’m
Total Note switch:
Notes purchased and cancelled
(35) (c.795) (c.1 405) - - - (c.2 235)
Total Note switch: Notes issued - c.495 - c.921 250 c.569 c.2 235
Total new funding: Notes issued - - - 100 200 c.111 c.411
Net change in the nominal amount of maturities (35) (c.300) (c.1 405) c.1 021 450 680 c.411

Further information pertaining to the Additional Note Switch and the Additional New Funding will be announced upon implementation.

Paul Dunne, Northam’s Chief Executive Officer said “Northam is pleased to have successfully completed its R2.65 billion restructuring of its DMTN Programme. This will assist significantly in preserving and strengthening Northam’s liquidity position during the ongoing COVID-19 pandemic. Northam is also pleased to have attracted more than R400 million of additional new long-term funding during the lockdown period. We believe the company is well placed to weather the ongoing COVID-19 challenges and we remain appreciative of the support of our investors.”

Johannesburg
25 May 2020

Corporate Advisor and JSE Sponsor to Northam
One Capital

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

Attorneys to Northam
Cliffe Dekker Hofmeyr Inc.

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

Listing of new financial instruments – NHM018 AND NHM019

The JSE Limited (“JSE”) has granted approval for the listing of NHM018 and NHM019 Senior Unsecured Floating Rate Notes (“Notes”), under the Northam Platinum Limited ZAR10 000 000 000 Domestic Medium Term Note Programme, dated 3 August 2012, as amended and supplemented from time to time (“Programme”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 25 May 2020.


The JSE Limited (“JSE”) has granted approval for the listing of NHM018 and NHM019 Senior Unsecured Floating Rate Notes (“Notes”), under the Northam Platinum Limited ZAR10 000 000 000 Domestic Medium Term Note Programme, dated 3 August 2012, as amended and supplemented from time to time (“Programme”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 25 May 2020.
The details pertaining to NHM018 are as follows:

Instrument Type: Senior Unsecured Floating Rate Notes
Total Notes in Issue: ZAR5 525 748 994.00 including this issue
Instrument Code NHM018
Nominal Amount: ZAR671 300 000.00
Issue Price: 100%
Interest Rate: 3 Month ZAR-JIBAR plus 375 bps per annum, being 8.117% on the first Interest Rate Determination Date (3 Month ZAR-JIBAR as at 20 May 2020 of 4.367% plus 375 bps)
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, with the first Interest Rate Determination Date being 20 May 2020
Coupon Rate Indicator: Floating
Issue Date: 25 May 2020
Interest Commencement Date:
Maturity Date:
Final Redemption Amount:
25 May 2020
25 May 2023
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 Close 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
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
ISIN: ZAG000168097
Business Day Convention: Following Business Day
Other: The applicable pricing supplement (“APS”) contains additional terms and conditions to the Terms and Conditions as contained in the Programme, (“Additional Terms and Conditions”)
Summary of additional terms and conditions: The Additional Terms and Conditions pertain to the applicable guarantee and the amendment of Condition 16.1 (Senior Notes) by including additional Events of Default in terms of Condition 16.1.1.9 (Other) of the Terms and Conditions. Investors should refer to Appendix “A” of the APS for full details of the Additional Terms and Conditions, available on Northam’s website: https://www.northam.co.za/downloads/send/96-files/1284-applicable-pricing-supplement-nhm018.

The details pertaining to NHM019 are as follows:

Instrument Type: Senior Unsecured Floating Rate Notes
Total Notes in Issue: ZAR5 525 748 994.00 including this issue
Instrument Code NHM019
Nominal Amount: ZAR450 000 000.00
Issue Price: 100%
Interest Rate: 3 Month ZAR-JIBAR plus 400 bps per annum, being 8.367% on the first Interest Rate Determination Date (3 Month ZAR-JIBAR as at 20 May 2020 of 4.367% plus 400 bps)
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, with the first Interest Rate Determination Date being 20 May 2020
Coupon Rate Indicator: Floating
Issue Date: 25 May 2020
Interest Commencement Date:
Maturity Date:
Final Redemption Amount:
25 May 2020
25 May 2024
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 Close 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
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
ISIN: ZAG000168105
Business Day Convention: Following Business Day
Other: The APS contains Additional Terms and Conditions
Summary of additional terms and conditions: The Additional Terms and Conditions pertain to the applicable guarantee and the amendment of Condition 16.1 (Senior Notes) by including additional Events of Default in terms of Condition 16.1.1.9 (Other) of the Terms and Conditions. Investors should refer to Appendix “A” of the APS for full details of the Additional Terms and Conditions, available on Northam’s website:
https://www.northam.co.za/downloads/send/96-files/1285-applicable-pricing-supplement-nhm019.

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

Northam noteholders are referred to the announcement published by the Company on SENS on Monday, 11 May 2020 (the “Announcement”) pertaining to, inter alia, a note switch whereby the maturity dates of certain notes will be extended through a purchase and cancellation of such notes and the simultaneous issue of new notes under the Programme with longer maturity dates, for the same nominal amount, as detailed in the  Announcement (the “Note Switch”). The issue and listing of the NHM018 and NHM019 Notes pertains to the Note Switch.

Johannesburg
22 May 2020

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

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

Interest payments notification – NHM010 AND NHM011

Northam bondholders are advised of the following interest payments due on Monday, 25 May 2020:


Northam bondholders are advised of the following interest payments due on Monday, 25 May 2020:

Bond Code: NHM010
ISIN: ZAG000159229
Coupon: 8.942% per annum
Interest Period: 24 February 2020 to 24 May 2020
Interest Amount Due: R 334 406.30
Payment Date: 25 May 2020
Date Convention: Following Business Day
   
Bond Code: NHM011
ISIN: ZAG000159237
Coupon: 10.292% per annum
Interest Period: 24 February 2020 to 24 May 2020
Interest Amount Due: R 5 722 070.03
Payment Date: 25 May 2020
Date Convention: Following Business Day

Johannesburg
20 May 2020

Debt Sponsor
One Capital

Interest payment notification – NHM014

Northam bondholders are advised of the following interest payment due on Wednesday, 20 May 2020:


Northam bondholders are advised of the following interest payment due on Wednesday, 20 May 2020:

Bond Code: NHM014
ISIN No: ZAG000163650
Coupon: 9.05%
Interest Period: 20 February 2020 to 19 May 2020
Interest Amount Due: R 58 465 479.45
Payment Date: 20 May 2020
Date Convention: Following Business Day

Johannesburg
15 May 2020

Debt Sponsor
One Capital

Partial capital redemption – NHM013

Northam noteholders are hereby advised, in accordance with the Terms and Conditions of the Northam Platinum Limited ZAR10 000 000 000 Domestic Medium Term Note Programme (dated 3 August 2012, as amended and / or supplemented from time to time) (the “Programme”), of the reduction in the nominal amount of notes in bond series NHM013 (the “Notes”), guaranteed by Booysendal Platinum Proprietary Limited, by an aggregate amount of R494.9 million (the “Purchased Notes”), on 13 May 2020.


Northam noteholders are hereby advised, in accordance with the Terms and Conditions of the Northam Platinum Limited ZAR10 000 000 000 Domestic Medium Term Note Programme (dated 3 August 2012, as amended and / or supplemented from time to time) (the “Programme”), of the reduction in the nominal amount of notes in bond series NHM013 (the “Notes”), guaranteed by Booysendal Platinum Proprietary Limited, by an aggregate amount of R494.9 million (the “Purchased Notes”), on 13 May 2020.

Details pertaining to the Purchased Notes:

Bond Code: NHM013
ISIN: ZAG000162181
Reduction in the nominal amount of the relevant Notes: R494 900 000.00
Remaining nominal amount of the relevant Notes: R5 100 000.00

The reduction in the nominal amount of the Notes was effected through the purchase by Northam of the Purchased Notes in the market and the surrender by Northam of the Purchased Notes to the Transfer Agent under the Programme for cancellation thereof on 13 May 2020.

Northam noteholders are referred to the announcement published by the Company on SENS on Monday, 11 May 2020 (the “Announcement”) pertaining to, inter alia, a note switch whereby the maturity dates of certain Notes will be extended through a purchase and cancellation of such Notes and the simultaneous issue of new notes under the Programme with longer maturity dates, for the same nominal amount, as detailed in the Announcement (the “Note Switch”). The purchase and cancellation of the Purchased Notes pertains to the Note Switch.

Johannesburg
14 May 2020

Corporate Advisor and JSE Sponsor to Northam
One Capital

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

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