Announcements 2026

Update regarding the process and further cautionary announcement

29 Oct 2026

Northam shareholders (“Shareholders”) are referred to the announcements published on SENS on 25 August 2026 and 16 September 2026 (collectively, the “Announcements”), wherein, inter alia, the Company advised that it had initiated a strategic, competitive process to solicit proposals from interested parties regarding one or more potential transactions (“Process”).

The Company is pleased to advise that the Process has attracted significant interest. To date, the Company has received expressions of interest to participate in the Process from both South African based and multinational corporations (well ahead of the 1 December 2026 deadline) and continues to engage with senior executives from other credible potential Process participants.

The Information Memorandum, which provides a high-level overview of the Group, is now available on the Company’s website at: https://northam.co.za/downloads?task=download.send&id=1646&catid=190&m=0.

Further Cautionary Announcement

Shareholders are referred to the cautionary announcement contained in the Announcements and are advised to continue to exercise caution when dealing in Northam securities until a further announcement is made, or the cautionary announcement is withdrawn.

Paul Dunne, Northam’s CEO, said: “We are pleased with the positive response received since announcing Northam’s process, both with regards to the size, calibre and number of interested parties, as well as from our shareholders who have expressed their support for the Company's decision to embark on the process to pursue further shareholder value creation.”

Johannesburg
29 October 2026

Corporate Advisor and Sponsor to Northam Holdings
One Capital

Attorneys to Northam Holdings and Northam Platinum
Webber Wentzel

Corporate Advisor and Debt Sponsor to Northam Platinum
One Capital

Disclaimer

This announcement does not constitute an offer or invitation to buy, sell or solicit any security or asset in any jurisdiction, nor an offer, invitation, commitment or obligation by the Company to enter into any negotiations or transaction with any party. The Company reserves the right, in its sole and unfettered discretion and without providing reasons, to: (i) admit or refuse to admit any party to the Process; (ii) amend, suspend, extend or terminate the Process or any aspect thereof, at any time; (iii) terminate one or more party’s participation in the Process at any stage; (iv) engage in discussions or negotiations with one or more party to the exclusion of others; and/or (v) reject any or all proposals submitted in connection with the Process, in each case without any liability to any party. No party will, by reason of its reliance on this announcement, acquire any right, expectation or claim against the Company, One Capital Advisory Proprietary Limited, or any of their respective shareholders, subsidiaries, affiliates, directors, officers, employees, agents or advisors (together, the “Relevant Parties”). This announcement may contain forward-looking statements relating to, inter alia, future strategy, events, expectations, prospects, developments and financial performance. These statements reflect current views with respect to future events and are subject to certain risks, uncertainties and assumptions. The Relevant Parties do not guarantee future results, levels of activity, performance or achievements, nor are they under any duty to update any forward-looking statements. Parties wishing to participate in the Process are responsible for ensuring that their participation in the Process and conclusion of any potential transaction complies with the laws of their applicable jurisdictions, and must place reliance on their own independent investigation and evaluation of the Group and any potential transaction. The Process shall be governed exclusively by the laws of the Republic of South Africa.