Announcements 2021

Implementation of the acquisition of a 32.8% interest in Royal Bafokeng Platinum Limited (“RBPlat”) and disclosure of an acquisition of a beneficial interest in Northam Holdings securities

19 Nov 2021

Unless otherwise defined herein, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in the announcement published on SENS on Tuesday, 9 November 2021 (“Announcement”).

Shareholders are referred to the Announcement pertaining to, inter alia, the Acquisition by Northam of 32.8% of the RBPlat Net Shares and the option to acquire up to an additional 0.5% of the RBPlat Net Shares from RBIH, a wholly owned subsidiary of RBH.

Northam is pleased to advise that with effect from today, 19 November 2021, the Acquisition has been implemented and Northam holds 32.8% of the RBPlat Net Shares.

As partial settlement of the Acquisition Consideration, Northam Holdings has issued 34 399 725 Northam Holdings Shares to RBIH, resulting in RBIH holding an 8.7% beneficial interest in all Northam Holdings Shares in issue.

Northam Holdings has received notification, in the prescribed form as contemplated in section 122(1) of the Companies Act, No. 71 of 2008 (“Companies Act”), from RBIH confirming its acquisition of Northam Holdings Shares and its beneficial 8.7% interest in all Northam Holdings Shares in issue, and will file the relevant notifications / forms with the Takeover Regulation Panel, as required in terms of section 122(3)(a) of the Companies Act.

Johannesburg
19 November 2021