Posting of circular and notice of general meeting

  1. INTRODUCTION

    Northam shareholders (“shareholders”) are referred to the joint announcement published by Northam and Mvelaphanda Resources Limited (“Mvela Resources”) on SENS and in the press on 8 February 2011 and 9 February 2011, respectively, regarding the proposed acquisition by Northam of the entire issued ordinary share capital of Mvela Resources by means of a scheme of arrangement in terms of section 311 of the Companies Act, No. 61 of 1973, whereafter, if successful, Northam will own the entire issued share capital of Mvela Resources (“the transaction”).

    The transaction is classified as a related party transaction in accordance with the JSE Limited Listings Requirements and shareholders are hereby advised that a circular containing details of the transaction and incorporating a notice of general meeting (“the circular”) was posted to shareholders today.

    Circular to Northam shareholders (PDF - 250KB)

    Circular to Mvela shareholders (PDF - 532KB)

  2. NOTICE OF GENERAL MEETING

    A general meeting of shareholders (“general meeting”) will be held at 10h00 on Monday, 14 March 2011 in Room U2, Hackle Brooke, 110 Conrad Drive, corner of Jan Smuts Avenue and Conrad Drive, Craighall Park, Johannesburg for the purpose of considering and, if deemed fit, passing with or without modification, the resolutions set out in the notice of general meeting included in the circular.

  3. SALIENT DATES AND TIMES

    The salient dates and times relating to the general meeting are set out below:

      2011
    Last day to lodge forms of proxy in respect of the general meeting by 10h00 Thursday, 10 March
    General meeting at 10h00 Monday, 14 March
    Results of the general meeting released on SENS Monday, 14 March
    Results of the general meeting published in the press Tuesday, 15 March
    Expected operative date of the scheme Monday, 16 May
    Notes:
    1. These dates and times are subject to change. Any such change will be published on SENS and in the press. Any reference to time is a reference to South African time.
    2. If the general meeting is adjourned or postponed, forms of proxy must be received by no later than 48 hours prior to the time of the adjourned or postponed general meeting, provided that, for the purpose of calculating the latest time by which forms of proxy must be received, Saturdays, Sundays and gazetted public holidays in South Africa will be excluded.

Johannesburg
18 February 2011

Sponsor and independent professional expert
One Capital

Financial advisor
Deutsche Bank

Attorneys
Werksmans

Independent reporting accountants
Ernst & Young Inc.