Announcements 2018

17 Sep 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 Limited Listings Requirements (“JSE Listings Requirements”), Northam advises its shareholders of the following dealings by a director of a major subsidiary of the company and of Zambezi Platinum:

Name of director of major subsidiary Leon Charl van Schalkwyk
Name of associate Bepro Messina Proprietary Limited (“Bepro”)
Relationship with director Mr van Schalkwyk is a director of Bepro
Name of major subsidiary Booysendal Platinum Proprietary Limited
Nature of transaction Indirect purchase of preference shares
Class of shares Preference shares
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
JSE Listings Requirements		 Yes
Transaction 1
Date of transaction 11 September 2018
Price per preference share R59.01
Total number of preference shares 17 070
Value of transaction R1 007 341.67
Transaction 2
Date of transaction 12 September 2018
Price per preference share R60.00
Total number of preference shares 17 070
Value of transaction R445 800.00
Transaction 3
Date of transaction 14 September 2018
Price per preference share R60.00
Total number of preference shares 1 400
Value of transaction R84 000.00

Johannesburg
17 September 2018

Sponsor and Debt Sponsor
One Capital