Announcements 2022

12 Dec 2022

Unless otherwise defined herein, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in the firm intention announcement published by Northam Holdings on SENS on Wednesday, 9 November 2022 (“Announcement”).

1. INTRODUCTION

   Northam Shareholders and RBPlat Shareholders (collectively, “Shareholders”) are referred to the Announcement in terms of which Northam announced its firm intention to make an offer to RBPlat Shareholders to acquire all the Offer Shares for the Offer Consideration.

2. INCREASE TO THE MAXIMUM CASH CONSIDERATION IN RELATION TO THE OFFER
   1. As stated in the Announcement, Northam is entitled to, in its sole discretion, inter alia, increase the Cash Consideration in relation to the Offer (thereby increasing the Maximum Cash Consideration) from time to time, in which event the Share Consideration will be decreased by an equal amount such that the total Offer Consideration remains the same.
   2. Shareholders are hereby advised that Northam has increased the Maximum Cash Consideration by an amount of R7 billion, such that the Maximum Cash Consideration has increased to R17 billion (“Increased Maximum Cash Consideration”). The Share Consideration has consequently been decreased by an equal amount, such that the total Offer Consideration, representing R172.70 as at 8 November 2022, remains the same.