Appointment of directors

Shareholders of Northam are advised that Messrs Alwyn Martin, Kelello Chabedi and Mikki Xayiya have been appointed to the board of the company as non-executive directors. In addition, Mr Mark Willcox has been appointed as an alternate director to Mr Mikki Xayiya. The appointments are effective 22 June 2009.

Further biographical details on the new appointments are provided below:

Mr Alwyn Martin (B Com) is a chartered accountant, and is a founding partner of the country's first black-owned accounting firm Christian, Martin and Abrahamse. Over a period of time he has served as a partner at Ernst and Young, chairman of Vodacom Group and CEO of Siemens Telecommunications (Pty) Ltd. His board positions currently include Petmin Limited, Trans Hex Group Limited and Barnard Jacobs Mellet Holdings Limited.

Mr Chabedi (BSc Mining Engineering, IMDP, MDP, MSAIMM) has many years' experience in the mining industry, having worked in various capacities for Anglo Coal. He currently consults to the industry while lecturing in both opencast and underground mining at the University of the Witwatersrand. Mr Chabedi is a director of Mvelaphanda Resources Limited (Mvela Resources).

Mr Mikki Xayiya (BA) is the deputy chairman of Mvelaphanda Holdings (Pty) Ltd (Mvela Holdings) and Mvelaphanda Group Ltd and serves on the board of Mvela Resources. He has served as managing director of Mawenzi Asset Managers (Pty) Ltd and as a policy advisor at the Office of the Premier in Gauteng Province.

Mr Mark Willcox (BA LLB, PG Dip Tax) is a founding member of Mvela Holdings. He currently sits on the boards of Avusa Limited and Mvela Resources Ltd. Mr Willcox is the current chief executive officer of African Management Limited/African Global Capital UK.

Johannesburg
23 June 2009

Sponsor:

Barnard Jacobs Mellet Corporate Finance (Pty) Ltd

Issued by:

Russell & Associates
Tel: +27 11 880 3924