Announcements 2026

R2.0 billion increase to the Revolving Credit Facility (“RCF”)

20 Feb 2026

Northam is pleased to announce that it has successfully concluded and implemented an agreement to increase its existing RCF, from R11.3 billion to R13.3 billion (“RCF Increase”). The RCF matures in August 2027 and this date as well as the remaining material terms and conditions pertaining to the RCF remain unchanged.

Northam’s total available banking facilities now amount to R14.3 billion, comprising the increased RCF of R13.3 billion and existing general banking facilities of R1.0 billion.

Northam is a large and growing energy user, and in order to improve both security and diversity of energy supply, whilst simultaneously reducing long-term energy costs and our impact on the environment, we have been actively and aggressively pursuing an alternative and renewable energy programme.

To date the company has entered into various power purchase agreements with independent power producers in respect of new renewable energy projects, the construction of which are well advanced and, already in some instances, producing renewable energy. In addition, we are developing various own-build and owned renewable energy projects at our mine sites, comprising photovoltaic solar plants supplemented with utility scale battery storage.

The RCF Increase allows Northam to accelerate construction of these various own-build projects.

Northam’s alternative energy program is scheduled to provide more than 70% of our total energy requirement from renewable sources before the end of the current decade, with a concomitant significant reduction in Northam’s carbon emissions and increase in energy availability factor on a competitive cost basis.

Alet Coetzee, Northam’s Chief Financial Officer, said “The RCF Increase provides Northam with the necessary flexibility and additional capacity to accelerate our efforts to enhance the security of our energy supply through the use of renewable sources, and to also significantly decrease our contribution towards Greenhouse Gas emissions, without affecting our other capital programmes or our ability to return value to shareholders whilst doing so.”

Johannesburg
20 February 2026

Corporate Advisor and Sponsor to Northam Holdings
One Capital

Corporate Advisor and Debt Sponsor to Northam Platinum
One Capital