Dealings in securities

Purchase of Zambezi Platinum (RF) Limited (“Zambezi Platinum”) preference shares (“preference shares”)

In terms of the Northam broad-based economic empowerment transaction implemented on 18 May 2015, Zambezi Platinum holds ordinary shares in Northam. Pursuant to the preference share terms, Zambezi Platinum is entitled to elect to settle the preference share redemption amount in cash, Northam ordinary shares or a combination thereof.

Accordingly, in compliance with paragraphs 3.63 to 3.66 of the JSE Listings Requirements (“Listings Requirements”), Northam advises its shareholders of the following dealings by a director of a major subsidiary of the company and of Zambezi Platinum and his associates:

Transaction 1  
Name of director of major subsidiary Leon Charl van Schalkwyk
Name of major subsidiary Booysendal Platinum Proprietary Limited
Date of transaction 29 September 2017
Nature of transaction Direct purchase of preference shares
Class of shares Preference shares
Price per ordinary share R56.00
Total number of preference shares 17 000 preference shares
Value of transaction R952 000.00
Nature and extent of director’s interest Direct beneficial interest in Zambezi Platinum resulting in an indirect exposure to Northam ordinary shares
Transaction 2  
Name of associate Mrs C van Schalkwyk
Relationship with director of major subsidiary Wife of Mr van Schalkwyk
Name of major subsidiary Booysendal Platinum Proprietary Limited
Date of transaction 29 September 2017
Nature of transaction Indirect purchase of preference shares
Class of shares Preference shares
Price per ordinary share R56.00
Total number of preference shares 17 000 preference shares
Value of transaction R952 000.00
Nature and extent of director’s interest Indirect beneficial interest in Zambezi Platinum   resulting in an indirect exposure to Northam  ordinary shares
Transaction 3  
Name of associate Bepro Messina (Pty) Ltd (“Bepro”)
Relationship with director of major subsidiary Mr van Schalkwyk is a director of Bepro
Name of major subsidiary Booysendal Platinum Proprietary Limited
Date of transaction 29 September 2017
Nature of transaction Indirect purchase of preference shares
Class of shares Preference shares
Price per ordinary share R56.00
Total number of preference shares 43 783 preference shares
Value of transaction R2 451 848.00
Nature and extent of director’s interest Indirect beneficial interest in Zambezi Platinum resulting in an indirect exposure to Northam ordinary shares
Transaction completed on market Yes
Clearance obtained in terms of paragraph 3.66 of the Listings Requirements Yes

Johannesburg
04 October 2017

Debt Sponsor
One Capital