Announcements 2019

Dealings in securities

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

In terms of the Northam broad-based black 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 3.74 of the JSE Limited Listings Requirements (“Listings Requirements”), Northam advises its shareholders of the following dealings by an associate of a director of a major subsidiary of the company and Zambezi Platinum:

Name of director of major subsidiaryMr L C van Schalkwyk
Name of the major subsidiaryBooysendal Platinum Proprietary Limited
Name of associateBepro Messina Proprietary Limited
Relationship with directorMr Schalkwyk is a shareholder and director of Bepro Messina Proprietary Limited
Nature of transactionIndirect purchase of preference shares
Date of transaction 4 March 2019
Class of sharesPreference shares
Transactions completed on marketYes
Clearance obtained in terms of paragraph 3.66 of the Listings RequirementsYes
Price per preference share R70.00 per preference share
Total number of preference shares14 200 preference shares
Value of transactionR994 000.00
Nature and extent of director’s interestIndirect beneficial interest in Zambezi Platinum resulting in an indirect exposure to Northam ordinary shares

Johannesburg
07 March 2019

Sponsor and Debt Sponsor
One Capital