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 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 4 October 2017
Nature of transaction Indirect purchase of preference shares
Class of shares Preference shares
Price per preference share R57.00
Total number of preference shares 4 100 preference shares
Value of transaction R233 700.00
Nature and extent of director’s interest Indirect beneficial interest in Zambezi Platinum resulting in an indirect exposure to Northam ordinary shares
Transaction 2  
Name of associate 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 5 October 2017
Nature of transaction Indirect purchase of preference shares
Class of shares Preference shares
Price per preference share R57.00
Total number of preference shares 17 500 preference shares
Value of transaction             R997 500.00
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
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 6 October 2017
Nature of transaction Indirect purchase of preference shares
Class of shares Preference shares
Price per preference share R58.00
Total number of preference shares 12 617 preference shares
Value of transaction R731 786.00
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
06 October 2017

Debt Sponsor
One Capital