Agreement reached on wages at Zondereinde

The management of the Zondereinde division of Northam Platinum Limited is pleased to advise that the 2011 wage negotiations have been successfully concluded with the National Union of Mineworkers (NUM) and Solidarity without any interruptions to operations.

In terms of the two-year agreement reached, the average wage increases range from 9 to 9.5% in year 1, and 9 to 9.5% in year 2. The increases will be backdated to 1 July 2011.

Johannesburg
25 November 2011

Issued by Russell & Associates
Tel: +27 11 880 3924

Queries:
Marion Brower
Russell & Associates
+27 11 880-3924/+27 82 895 0698