Further cautionary announcement

Northam shareholders are referred to the cautionary announcement released on SENS on Thursday, 27 March 2014, wherein shareholders were advised of a proposed transaction to increase Northam’s Historically Disadvantaged South African share ownership levels within the company (proposed HDSA transaction).

Shareholders are further advised that the proposed HDSA transaction is still in progress and if successfully concluded, may have a material effect on the price of the company’s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company’s securities until a full announcement is made.

Johannesburg
15 May 2014

Corporate Advisor, Sponsor and Debt Sponsor
One Capital