Dealing in securities by a director of a major subsidiary

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements, Northam advises its shareholders of the following dealing in the company's ordinary shares by a director of a major subsidiary of the company:

Name of director D R Wolstenholme
Name of major subsidiary Micawber 278 Proprietary Limited
Date of transaction 9 December 2013
Nature of transaction Acquisition of ordinary share through the exercise of rights pursuant to a claw-back rights offer
Class of Securities Ordinary shares
Number of ordinary shares 3 725
Price per ordinary share R40.00
Value of transaction R149 000.00
Nature and extent of director’s interest Direct beneficial
Transaction completed on market No
Clearance obtained Yes

10 January 2014

One Capital