ANNOUNCEMENTS 2019

Listing of new financial instrument – NHM014

The JSE Limited (“JSE”) has granted approval for the listing of NHM014 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 20 November 2019.

The details pertaining to NHM014 are as follows:

Instrument Type:

Senior Unsecured Floating Rate Notes

Total Notes in Issue:

ZAR3 675 000 000.00 including this issue

Instrument Code:

NHM014

Nominal Amount:

ZAR1 350 000 000.00

Issue Price:

100%

Interest Rate:

3 Month ZAR-JIBAR plus 250 bps, being 9.30% on the first Interest Rate Determination Date (3 Month ZAR-JIBAR as at 18 November 2019 of 6.80% plus 250 bps)

Interest Rate Determination Date(s):      

20 February, 20 May, 20 August and 20 November (or the first Business Day of each Interest Period) of each year until the Maturity Date, with the first Interest Rate Determination Date being 18 November 2019

Coupon Rate Indicator:

Floating

Issue Date:

20 November 2019

Interest Commencement Date:

20 November 2019

Maturity Date:

20 November 2021

Final Redemption Amount:

100% of Nominal Amount

Last Day to Register:

By 17h00 on 9 February, 9 May, 9 August and 9 November of each year until the Maturity Date

Books Closed Period:

From 10 February to 19 February, 10 May to 19 May, 10 August to 19 August and 10 November to 19 November 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):

20 February, 20 May, 20 August and 20 November of each year until the Maturity Date

ISIN No:

ZAG000163650

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/96-files/1270-applicable-pricing-supplement-nhm014

 

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

Johannesburg
19 November 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.