Announcements 2020

Partial capital redemption – NHM002, NHM006, NHM007, NHM009, NHM011, AND NHM014

Northam noteholders are hereby advised, in accordance with the Terms and Conditions of the Northam Platinum Limited ZAR10 000 000 000 Domestic Medium Term Note programme (dated 3 August 2012, as amended and / or supplemented from time to time) (the “Programme”), of the reduction in the nominal amount of notes in bond series NHM002, NHM006, NHM007, NHM009, NHM011 and NHM014 (the “Notes”), guaranteed by Booysendal Platinum Proprietary Limited, by an aggregate amount of R921.3 million (the “Purchased Notes”), on 25 May 2020.

Details pertaining to the Purchased Notes:

Bond Code: NHM002
ISIN: ZAG000129024
Reduction in the nominal amount of the relevant Notes: R173 600 000.00
Remaining nominal amount of the relevant Notes in issue: R1 400 000.00
   
Bond Code: NHM006
ISIN: ZAG000158577
Reduction in the nominal amount of the relevant Notes: R97 700 000.00
Remaining nominal amount of the relevant Notes in issue: R123 392 998.00
   
Bond Code: NHM007
ISIN: ZAG000158593
Reduction in the nominal amount of the relevant Notes: R100 000 000.00
Remaining nominal amount of the relevant Notes in issue: R141 185 996.00
   
Bond Code: NHM009
ISIN: ZAG000158866
Reduction in the nominal amount of the relevant Notes: R100 000 000.00
Remaining nominal amount of the relevant Notes in issue: R150 000 000.00
   
Bond Code: NHM011
ISIN: ZAG000159237
Reduction in the nominal amount of the relevant Notes: R50 000 000.00
Remaining nominal amount of the relevant Notes in issue: R173 000 000.00
   
Bond Code: NHM014
ISIN: ZAG000163650
Reduction in the nominal amount of the relevant Notes: R400 000 000.00
Remaining nominal amount of the relevant Notes in issue: R2 220 000 000.00

The reduction in the nominal amount of the Notes was effected through the purchase by Northam of the Purchased Notes in the market and the surrender by Northam of the Purchased Notes to the Transfer Agent under the Programme for cancellation thereof on 25 May 2020.

Northam noteholders are referred to the announcement published by the Company on SENS on Monday, 11 May 2020 (the “Announcement”) pertaining to, inter alia, a note switch whereby the maturity dates of certain notes will be extended through a purchase and cancellation of such notes and the simultaneous issue of new notes under the Programme with longer maturity dates, for the same nominal amount, as detailed in the Announcement (the “Note Switch”). The purchase and cancellation of the Purchased Notes pertains to the Note Switch.

Johannesburg
25 May 2020

Corporate Advisor and JSE Sponsor to Northam
One Capital

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

Attorneys to Northam, the Arranger and the Dealer in respect of the Notes
Bowman Gilfillan Inc.