Joint announcement

Northam Platinum Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1977/003282/06)
(ISIN: ZAE000030912)
(Share Code: NHM)
(“Northam”)

Mvelaphanda Resources Limited
Mvelaphanda Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1980/001395/06)
(ISIN: ZAE000050266)
(Share Code: MVL)
(“Mvela Resources”)

Anglo Platinum
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
(ISIN: ZAE000013181)
(Share Code: AMS)
(“Anglo Platinum”)

Shareholders of Anglo Platinum, Mvela Resources and Northam (“the parties”) are referred to the joint and individual announcements published by the parties on 4 September 2007 (“the announcements”) regarding:

  • the proposed acquisition by Mvela Resources of Anglo Platinum’s entire interest of 53 million shares (being 22.4% of the issued share capital) in Northam and Anglo Platinum’s stake in the Booysendal Platinum Project (“Booysendal”);
  • the proposed acquisition by Northam of 100% of Booysendal; and
  • a specific issue of ordinary shares by Mvela Resources to Afripalm Resources,

collectively “the proposed transactions”.

The parties advised at the time of the announcements that they expected the proposed transactions to be concluded by the end of the calendar year 2007.

Due to the complexity and size of the proposed transactions the parties advise that it is unlikely that the confirmatory due diligence and detailed transaction agreements will be completed in time to convene the requisite Mvela Resources and Northam shareholders meetings before the December 2007 holiday period. Accordingly, the parties now advise that the circulars to Mvela Resources and Northam shareholders are likely to be posted to shareholders during January 2008.

Johannesburg
7 November 2007
723 -/07/mb

Distributed for Northam

In South Africa
Russell & Associates
Tel +27 11 880 3924

In the United Kingdom
St James’s Corporate Services
Tel +44 (0) 20 7499 3916