Dealings in securities by director

Northam hereby advises its shareholders of the following dealing by an entity in which a director of the company has an interest:

Name of director: PL Zim
Date: 4 September 2012
Nature of transaction: Sale of Northam shares by Newshelf 848 Proprietary Limited, a subsidiary of Afripalm Resources Proprietary Limited in which PL Zim has an indirect non-beneficial interest
Class of Securities: Ordinary Shares
Number of ordinary shares: 11 174 520
Price at which shares were sold: R25.00
Value of transaction R279 363 000.00
Nature and extent of director's interest: Indirect non-beneficial
Transaction completed on market: No

Johannesburg
5 September 2012

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