Northam’s Zondereinde mine smelter

Shareholders are informed that energy intensity at the Zondereinde mine smelter has been reduced from a maximum of 12 megawatts to a current average of 8 megawatts.

This reduction has been implemented to accommodate a series of ultrasonic and chemical tests to determine the extent of possible erosion of the refractory bricks comprising the walls of the smelter.

These tests will necessitate a reduction in the volume of concentrate treated in the smelter. Receipt of concentrate produced by Platmin Limited has been temporarily suspended. Captive concentrate produced in excess of the reduced capacity of the smelter will if necessary be treated at smelters operated by others on a toll basis.

Shareholders will be informed of the results of the tests as soon as they become available.

Johannesburg
16 May 2013

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