Update on accident at Northam Platinum

Johannesburg, 12 November 2008. Further to the accident reported at the Northam platinum mine, on Tuesday 11 November 2008, it appears from initial investigations that the accident may have occurred as a result of drilling into an air pocket. However, investigations into the accident are continuing, and the cause of the accident cannot yet be confirmed.

Drilling operations have been suspended at the mine until further investigations have been completed, and to allow for the retraining of miners.

Northam also confirms that, in a separate and unrelated incident on Monday 10 November 2008, another employee sustained a laceration to his forearm for which he has received treatment.

Enquiries:

Marion Brower
Russell & Associates
Johannesburg
Tel: +27 11 880 3924