Response to Article Published in the Press on 6 October 2002

The management of Northam is aware of speculation in the press regarding talks with Harmony Gold Mining Company Limited ("Harmony"). Management denies that any such discussions have taken place between Northam and Harmony.

Northam is committed to transparent communications with all its stakeholders and any significant developments will be communicated to its shareholders timeously.

Northam continues to explore opportunities of adding value to the company.