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NORTHAM PLATINUM LIMITED – Transactions in securities

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Transactions in securities

NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Share code: NHM ISIN: ZAE000030912
Debt issuer code: NHMI
Bond code: NHM007 Bond ISIN: ZAG000158593
Bond code: NHM009 Bond ISIN: ZAG000158866
Bond code: NHM011 Bond ISIN: ZAG000159237
Bond code: NHM012 Bond ISIN: ZAG000160136
Bond code: NHM014 Bond ISIN: ZAG000163650
Bond code: NHM015 Bond ISIN: ZAG000164922
Bond code: NHM016 Bond ISIN: ZAG000167750
Bond code: NHM018 Bond ISIN: ZAG000168097
Bond code: NHM019 Bond ISIN: ZAG000168105
Bond code: NHM020 Bond ISIN: ZAG000172594
(“Northam” or the “Company”)

TRANSACTIONS IN SECURITIES

Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the
same meanings ascribed thereto in the combined circular to Northam shareholders, accompanied by
the prospectus in respect of Northam Platinum Holdings Limited, dated Monday, 31 May 2021.

1. INTRODUCTION

Shareholders are referred to the announcement published by the Company on SENS today,
11 June 2021, regarding additional support for the Composite Transaction obtained from, inter alia,
Zambezi Preference Shareholders (“Additional Support Announcement”).

2. TRANSACTIONS IN SECURITIES

The additional support obtained from Zambezi Preference Shareholders today, 11 June 2021 (as
detailed in the Additional Support Announcement), has been obtained from, inter alia, a director of
Northam and certain associates of a director of a major subsidiary of Northam (as set out below),
in their capacity as Zambezi Preference Shareholders.

Implementation of the Zambezi Scheme will amount to a disposal of Zambezi Preference Shares
by Zambezi Preference Shareholders who are participants in the Zambezi Scheme, for a cash
consideration per Zambezi Preference Share amounting to the Zambezi Offer Consideration.

Accordingly, the provision of the additional support amounts to a transaction in securities.
Shareholders are therefore advised of the following transactions in securities, of which clearance
was obtained in terms of paragraph 3.66 of the JSE Listings Requirements and paragraph 6.45 of
the JSE Debt Listings Requirements:

Name of director Ms A H Coetzee
Name of company of which she is a director Northam Platinum Limited
Total number of ZPLPs 15 800 ZPLPs
Value of transaction R1 586 162.00 (based on a Zambezi Offer
Consideration as at 11 June 2021, of
R100.39)
Nature and extent of interest Direct beneficial interest in Zambezi
Preference Shares resulting in an indirect
exposure to Northam Shares
Transaction completed on-market or off-market N/A

Name of director Mr L C van Schalkwyk
Name of company of which he is a director Booysendal Platinum Proprietary Limited, a
major subsidiary of the Company
Nature and extent of interest Indirect beneficial interest in Zambezi
Preference Shares resulting in an indirect
exposure to Northam Shares

Details of transactions in securities by associates of Mr L C van Schalkwyk:

Name of associate Bepro Messina Proprietary Limited
Relationship with director Mr van Schalkwyk is a shareholder and
director of Bepro Messina Proprietary Limited
Total number of ZPLPs 122 910 Zambezi Preference Shares
Value of transaction R12 338 934.90 (based on a Zambezi Offer
Consideration as at 11 June 2021, of
R100.39)

Name of associate Mrs C van Schalkwyk
Relationship with director Wife of Mr van Schalkwyk
Total number of ZPLPs 75 512 Zambezi Preference Shares
Value of transaction R7 580 649.68 (based on a Zambezi Offer
Consideration as at 11 June 2021, of
R100.39)

Name of associate Ms C van Schalkwyk
Relationship with director Daughter of Mr van Schalkwyk
Total number of ZPLPs 19 161 Zambezi Preference Shares
Value of transaction R1 923 572.79 (based on a Zambezi Offer
Consideration as at 11 June 2021, of
R100.39)

Name of associate Mr L van Schalkwyk
Relationship with director Son of Mr van Schalkwyk
Total number of ZPLPs 18 694 Zambezi Preference Shares
Value of transaction R1 876 690.66 (based on a Zambezi Offer
Consideration as at 11 June 2021, of
R100.39)

Transactions completed on-market or off-market N/A

It should be noted that the Zambezi Preference Shares subject to the transactions detailed above
have not yet been disposed of and it is only expected that such Zambezi Preference Shares will
be disposed of by the Zambezi Preference Shareholders should the Zambezi Scheme be
implemented, which remains subject to the fulfilment or waiver of various conditions precedent (as
detailed in the Circular).

Johannesburg
11 June 2021

Corporate advisor to Northam
One Capital Advisory Proprietary Limited

Transaction Sponsor and Sponsor to Northam and Debt Sponsor to Northam
One Capital Sponsor Services Proprietary Limited

Attorneys to Northam
Webber Wentzel

Date: 11-06-2021 08:52:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.


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