Dealings in securities: acceptance of awards over ordinary shares

In compliance with paragraph 3.63 of the JSE Limited Listings Requirements (“Listings Requirements”), Northam hereby advises its shareholders of the following dealings by directors of the company, directors of major subsidiaries of the company and the company secretary:

Name of director of the company Ayanda Zemini Khumalo
Date of award letter 6 November 2012
Nature of transaction Acceptance of awards over ordinary shares in terms of the Northam Share Incentive Plan
Class of securities Awards over ordinary shares
Total number of ordinary shares covered by the awards 154 000
(56 000 conditional shares with no
performance conditions (“retention shares”)) (98 000 conditional shares with performance conditions (“performance shares”))
Vesting period 100% of the retention shares on the 2nd anniversary of the award date and depending on targets met in terms of the performance conditions, between nil to 135% of the performance shares on the 3rd anniversary of the award date
Value of transaction -
Nature and extent of director’s interest Direct beneficial
Transaction completed on market No
Clearance obtained in terms of paragraph 3.66 of the Listings Requirements Yes
   
Name of director of the company Glyn Tudor Lewis
Date of award letter 6 November 2012
Nature of transaction Acceptance of awards over ordinary shares in terms of the Northam Share Incentive Plan
Class of securities Awards over ordinary shares
Total number of ordinary shares covered by the awards 154 000
(56 000 retention shares)
(98 000 performance shares)
Vesting period 100% of the retention shares on the 2nd anniversary of the award date and depending on targets met in terms of the performance conditions, between nil to 135% of the performance shares on the 3rd anniversary of the award date
Value of transaction -
Nature and extent of director’s interest Direct beneficial
Transaction completed on market No
Clearance obtained in terms of paragraph 3.66 of the Listings Requirements Yes
   
Name of director of a major subsidiary company, Micawber 278 Proprietary Limited Derek Roy Wolstenholme
Date of award letter 6 November 2012
Nature of transaction Acceptance of awards over ordinary shares in terms of the Northam Share Incentive Plan
Class of securities Awards over ordinary shares
Total number of ordinary shares covered by the awards 49 000
(18 000 retention shares)
(31 000 performance shares)
Vesting period 100% of the retention shares on the 2nd anniversary of the award date and depending on targets met in terms of the performance conditions, between nil to 135% of the performance shares on the 3rd anniversary of the award date
Value of transaction -
Nature and extent of director’s interest Direct beneficial
Transaction completed on market No
Clearance obtained in terms of paragraph 3.66 of the Listings Requirements Yes
   
Name of director of the company Patricia Beatrice Beale
Date of award letter 6 November 2012
Nature of transaction Acceptance of awards over ordinary shares in terms of the Northam Share Incentive Plan
Class of securities Awards over ordinary shares
Total number of ordinary shares covered by the awards 23 000
(8 000 retention shares)
(15 000 performance shares)
Vesting period 100% of the retention shares on the 2nd anniversary of the award date and depending on targets met in terms of the performance conditions, between nil to 135% of the performance shares on the 3rd anniversary of the award date
Value of transaction -
Nature and extent of director’s interest Direct beneficial
Transaction completed on market No
Clearance obtained in terms of paragraph 3.66 of the Listings Requirements Yes
   

Johannesburg
8 November 2012

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