Further cautionary announcement

Northam shareholders are referred to the cautionary announcements released on SENS on Thursday, 27 March 2014 and Thursday 15 May 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 details of the proposed HDSA transaction are being finalised and the proposed transaction, 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.

27 June 2014

One Capital