Resumption of Operations and Withdrawal of Cautionary Announcement

Further to the announcement dated 13 October 2004, the management of Northam advises that normal operations have resumed at the company’s mine following the suspension of production on 20 September 2004.

Underground activities were resumed on 13 October 2004 with the aim of ensuring, as far as reasonably practicable, the safety of working areas prior to the re-commencement of any production. Working crews from the stoping areas on the Merensky Reef below 12 level directly affected by the fire, have been re-deployed where possible to other working areas.

Claims for material damage and business interruption have been lodged with the Company’s insurers.

The cautionary announcement dated 22 September 2004 is accordingly withdrawn.

Queries

Marion Brower
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