Results of General Meeting

The directors of Northam announce that, at the general meeting of shareholders held on Wednesday, 16 April 2003, the ordinary resolution authorising the reduction of the share premium account of the company by R46 307 700 from R2 122 121 689 to R2 075 813 989 by means of a repayment of share premium to shareholders of 20 cents per Northam share ("the distribution"), was passed by the requisite majority.

Salient dates for the distribution

The distribution will be paid on Monday, 12 May 2003 to those shareholders of the company who are recorded in the register on Friday, 9 May 2003 ("the record date").

To comply with the procedures of STRATE, the last date to trade, cum the distribution, in the company"s shares for purposes of entitlement to the distribution is Friday, 2 May 2003. The shares will commence trading ex the distribution on Monday, 5 May 2003. Share certificates may not be dematerialised or rematerialised between Monday, 5 May 2003 and Friday, 9 May 2003, both days inclusive.