Announcements 2019

Listing of new financial instrument – NHM013

The JSE Limited (“JSE”) has granted approval for the listing of NHM013 Senior Unsecured Floating Rate Notes (“Notes”), under the Northam Platinum Limited ZAR5 000 000 000 Domestic Medium Term Note Programme dated 3 August 2012, as amended and/or supplemented from time to time (“Programme”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 9 September 2019.

The details pertaining to NHM013 are as follows:

Instrument Type: Senior Unsecured Floating Rate Notes
Total Notes in Issue: ZAR2 325 000 000.00 including this issue
Instrument Code NHM013
Nominal Amount: ZAR500 000 000.00
Issue Price: 100%
Interest Rate: 3 Month ZAR-JIBAR plus 240 bps, being 9.208% on the first Interest Rate Determination Date (3 Month ZAR-JIBAR as at 5 September 2019 of 6.808% plus 240 bps)
Interest Rate Determination Date(s):       5 September 2019, 9 December 2019, 9 March 2020 and 9 June 2020 (or the first Business Day of each Interest Period)
Coupon Rate Indicator: Floating
Issue Date: 9 September 2019
Interest Commencement Date: 9 September 2019
Maturity Date: 9 September 2020
Final Redemption Amount: 100% of Nominal Amount
Last Day to Register: By 17h00 on 28 November 2019, 27 February 2020, 29 May 2020 and 29 August 2020 or if such day is not a Business Day, the Business Day before each Books Closed Period
Books Closed Period: From 29 November 2019 to 8 December 2019, 28 February 2020 to 8 March 2020, 30 May 2020 to 8 June 2020 and 30 August 2020 to 8 September 2020 (all dates inclusive)
Interest Payment Date(s): 9 December 2019, 9 March 2020, 9 June 2020 and 9 September 2020
ISIN No: ZAG000162181
Business Day Convention: Following Business Day
Other: The applicable pricing supplement (“APS”) contains additional terms and conditions to the terms and conditions as contained in the Programme Memorandum, dated 3 August 2012, (“Terms and Conditions”)
Summary of additional terms and conditions: The additional terms and conditions pertain to the applicable guarantee and the amendment of Condition 16.1 (Senior Notes) by including additional Events of Default in terms of Condition 16.1.1.9 (Other) of the Terms and Conditions. Investors should refer to Appendix “A” of the APS for full details of the additional terms and conditions, available on Northam’s website: https://www.northam.co.za/downloads/send/96-files/1269-applicable-pricing-supplement-06092019

The Notes will be immobilised in the Central Securities Depository (CSD) and settlement will take place electronically in terms of JSE Rules.

Johannesburg
6 September 2019

Sole Arranger, Dealer and Debt Sponsor to Northam in respect of the Notes
One Capital

Attorneys to Northam in respect of the Notes
Bowman Gilfillan Inc.