Announcements 2018

13 Mar 2018

Purchase of Zambezi Platinum (RF) Limited (“Zambezi Platinum”) preference shares (“preference shares”)

In terms of the Northam broad-based economic empowerment transaction implemented on 18 May 2015, Zambezi Platinum holds ordinary shares in Northam. Pursuant to the preference share terms, Zambezi Platinum is entitled to elect to settle the preference share redemption amount in cash, Northam ordinary shares or a combination thereof.

Accordingly, in compliance with paragraphs 3.63 to 3.66 of the JSE Listings Requirements (“Listings Requirements”), Northam advises its shareholders of the following dealings by a director and chairman of the company and of Zambezi Platinum:

Name of director Mr K B Mosehla
Name of associate Adelaide Trust
Relationship with director Trustee
Date of transaction 12 March 2018
Nature of transaction Indirect purchase of preference shares
Class of shares Preference shares
Price per ordinary share Various different trades with the following price information:
- volume weighted average price of R59.92;
- highest price of R60.00; and
- lowest price of R58.67
Total number of ordinary shares 17 200 preference shares
Value of transaction R1 030 615.47
Nature and extent of director’s interest Indirect beneficial interest in Zambezi Platinum resulting in an indirect exposure to Northam ordinary shares
Transaction completed on market Yes
Clearance obtained in terms of paragraph 3.66 of the Listings Requirements Yes

Johannesburg
13 March 2018

Sponsor and Debt Sponsor
One Capital