Announcements 2020

Listing of tap issues – NHM016 AND NHM018

The JSE Limited (“JSE”) has granted approval for the listing of tap issues of both NHM016 and NHM018 Senior Unsecured Floating Rate Notes (“Notes”), issued under the Northam Platinum Limited ZAR10 000 000 000 Domestic Medium Term Note Programme, dated 3 August 2012, as amended and supplemented from time to time (“Programme”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 8 June 2020.

The details pertaining to the tap issue of NHM016 series are as follows:

Instrument Type: Senior Unsecured Floating Rate Notes
Total Notes in Issue: ZAR5 640 748 994.00 including this issue of Notes and the issue of notes under NHM018 on the same Issue Date
Instrument Code: NHM016
Tranche Number: 2
Nominal Amount: ZAR130 000 000.00
Issue Price: 100.674455%
Interest Rate: 3 Month ZAR-JIBAR plus 425 bps per annum, being 8.792% on the first Interest Rate Determination Date (3 Month ZAR-JIBAR as at 6 May 2020 of 4.542% plus 425 bps)
Interest Rate Determination Date(s): 11 August, 11 November, 11 February, and 11 May (or the
first Business Day of each Interest Period) of each year
until the Maturity Date, with the first Interest Rate
Determination Date being 6 May 2020
Coupon Rate Indicator: Floating
Issue Date: 8 June 2020
Interest Commencement Date:
Maturity Date:
Final Redemption Amount:
11 May 2020
11 May 2025
100% of Nominal Amount
Last Day to Register: By 17h00 on 31 July, 31 October, 31 January and 30 April of each year until the Maturity Date or if such day is not a Business Day, the Business Day before each Books Closed Period
Books Close Period: 1 August to 10 August, 1 November to 10 November, 1 February to 10 February and 1 May to 10 May of each year until the Maturity Date (all dates inclusive), or if any early redemption occurs, 10 Days prior to the actual Redemption Date
Interest Payment Date(s): 11 August, 11 November, 11 February, and 11 May of each year until the Maturity Date, or, if such day is not a Business Day, the Business Day on which interest will be paid, as determined in accordance with the Applicable Business Day Convention
ISIN: ZAG000167750
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, (“Additional 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/145-2020/1288-applicable-pricing-supplement-nhm016-tap-issue

The details pertaining to the tap issue of NHM018 series are as follows:

Instrument Type: Senior Unsecured Floating Rate Notes
Total Notes in Issue: ZAR5 640 748 994.00 including this issue of Notes and the issue of notes under NHM016 on the same Issue Date
Instrument Code: NHM018
Tranche Number: 2
Nominal Amount: ZAR350 000 000.00
Issue Price: 100.311337%
Interest Rate: 3 Month ZAR-JIBAR plus 375 bps per annum, being 8.117% on the first Interest Rate Determination Date (3 Month ZAR-JIBAR as at 20 May 2020 of 4.367% plus 375 bps)
Interest Rate Determination Date(s): 25 August, 25 November, 25 February, and 25 May (or the first Business Day of each Interest Period) of each year until the Maturity Date, with the first Interest Rate Determination Date being 20 May 2020
Coupon Rate Indicator: Floating
Issue Date: 8 June 2020
Interest Commencement Date:
Maturity Date:
Final Redemption Amount:
25 May 2020
25 May 2023
100% of Nominal Amount
Last Day to Register: By 17h00 on 14 August, 14 November, 14 February, and 14 May of each year until the Maturity Date or if such day is not a Business Day, the Business Day before each Books Closed Period
Books Close Period: 15 August to 24 August, 15 November to 24 November, 15 February to 24 February and 15 May to 24 May of each year until the Maturity Date (all dates inclusive), or if any early redemption occurs, 10 Days prior to the actual Redemption Date
Interest Payment Date(s): 25 August, 25 November, 25 February, and 25 May of each year until the Maturity Date, or, if such day is not a Business Day, the Business Day on which interest will be paid, as determined in accordance with the Applicable Business Day Convention
ISIN: ZAG000168097
Business Day Convention: Following Business Day
Other: The APS contains Additional 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/145-2020/1289-applicable-pricing-supplement-nhm018-tap-issue

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

Northam noteholders are referred to the announcement published by the Company on SENS on Monday, 25 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 issue and listing of the Notes pertain to the Note Switch.

Johannesburg
5 June 2020

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.