Northam’s short and long term credit ratings as well as outlook re-affirmed

Northam wishes to advise shareholders that the credit rating agency, Global Credit Rating Co. (“GCR”), has re-affirmed Northam’s short term credit rating at A1-(ZA) and the company’s long term rating of A-(ZA) with the outlook being accorded as Stable, which is unchanged from the previous year.

GCR has published a detailed credit rating report (available from GCR at http://globalratings.net) detailing the key criteria which form the basis for its rating.

Johannesburg
5 November 2018

Corporate and Debt Advisor, Sponsor and Debt Sponsor
One Capital