ANNOUNCEMENTS 2019

SENS: Northam places R1.35 billion of domestic medium term notes

Northam is pleased to announce that it has completed a private placement of domestic medium term notes (“Notes”) to the value of R1.35 billion (“New Notes”) in an oversubscribed bookbuild, under Northam’s R5 billion Domestic Medium Term Note Programme (“Programme”). The New Notes were issued today on the Interest Rate Market of the JSE Limited as announced on SENS on 19 November 2019 and will mature two years from the date of issue. The New Notes attract a floating rate coupon of 2.50% per annum above a 3 month ZAR-JIBAR and interest will be payable quarterly.

The proceeds from the New Notes will be applied towards Northam’s revolving credit facility (“RCF”), thereby increasing the available undrawn balance and lowering the effective cost of funding under the RCF over time.

Following the placement of the New Notes, the total nominal value of Notes in issue under the Programme will amount to R3.675 billion.  

Johannesburg
20 November 2019

Corporate Advisor, Sponsor and Debt Sponsor to Northam
One Capital

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

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