Announcements 2006

Statement issued by Northam Platinum

The Magistrate in the joint inquest and inquiry into the conveyor belt fire which occurred on 20 September 2004 at the Northam Platinum mine handed down his finding today. In terms thereof it was found that negligence could not be excluded on the part of the mine. Northam does not accept the finding which is incorrect in various respects.

Although there is no indication that prosecution will necessarily follow, in the event that it does, Northam will strongly oppose it.

The company is withholding further comment.

Distributed by:

Russell & Associates
Tel : +27 11 880 3924
Fax : +27 11 880 3788