Dealings in securities

In compliance with paragraph 3.63 of the JSE Limited Listings Requirements (“JSE listings requirements”), Northam hereby advises its shareholders of the following dealings by directors of the company and the company secretary:

Northam ordinarily makes all awards pursuant to the Northam Share Incentive Plan towards the end of each calendar year. In the event that the grant, acceptance and/or rejection of an award is, as a result of regulatory trading restrictions prevented, awards to the effected participants are deferred until the relevant trading restrictions are lifted. This results in the acceptance or rejection of those awards after the ordinary grant date. In these instances, the terms and conditions of the awards are not adjusted so that participants are treated consistently irrespective of trading restrictions.

Name of director: Paul Anthony Dunne
Date of acceptance: 23 February 2015
Nature of transaction: Acceptance of awards of ordinary shares in terms of the Northam Share Incentive Plan
Class of Securities: Award over ordinary shares
Total number of ordinary shares covered by the awards 150 300
(37 900 retention shares with no performance conditions)
(112 400 performance shares with performance conditions)
Vesting date 100% of the retention shares and depending on achievement of the performance conditions, between nil to 135% of the performance shares on 4 November 2017
Strike price R nil
Value of transaction -
Nature and extent of director’s interest Direct beneficial
Transaction completed on market: No
Clearance obtained in terms of paragraph 3.66 of the JSE listings requirements Yes

Name of director: Ayanda Zemini Khumalo
Date of acceptance: 23 February 2015
Nature of transaction: Acceptance of awards of ordinary shares in terms of the Northam Share Incentive Plan
Class of Securities: Award over ordinary shares
Total number of ordinary shares covered by the awards 150 300
(37 900 retention shares with no performance conditions)
(112 400 performance shares with performance conditions)
Vesting date 100% of the retention shares and depending on achievement of the performance conditions, between nil to 135% of the performance shares on 4 November 2017
Strike price R nil
Value of transaction -
Nature and extent of director’s interest Direct beneficial
Transaction completed on market: No
Clearance obtained in terms of paragraph 3.66 of the JSE listings requirements Yes

Name of director: Ayanda Zemini Khumalo
Date of acceptance: 23 February 2015
Nature of transaction: Acceptance of awards of ordinary shares in terms of the Northam Share Incentive Plan
Class of Securities: Award over ordinary shares
Total number of ordinary shares covered by the awards 122 000
(44 000 retention shares with no performance conditions)
(78 000 performance shares with performance conditions)
Vesting date 100% of the retention shares on 15 November 2015 and depending on targets met in terms of the performance conditions, between nil to 135% of the performance shares on 15 November 2016
Strike price R nil
Value of transaction -
Nature and extent of director’s interest Direct beneficial
Transaction completed on market: No
Clearance obtained in terms of paragraph 3.66 of the JSE listings requirements Yes

Name of company secretary: Patricia Beatrice Beale
Date of acceptance: 23 February 2015
Nature of transaction: Acceptance of awards of ordinary shares in terms of the Northam Share Incentive Plan
Class of Securities: Award over ordinary shares
Total number of ordinary shares covered by the awards 26 900
(6 800 retention shares with no performance conditions)
(20 100 performance shares with performance conditions)
Vesting date 100% of the retention shares and depending on achievement of the performance conditions, between nil to 135% of the performance shares on 4 November 2017
Strike price R nil
Value of transaction -
Nature and extent of director’s interest Direct beneficial
Transaction completed on market: No
Clearance obtained in terms of paragraph 3.66 of the JSE listings requirements Yes

Name of company secretary: Patricia Beatrice Beale
Date of acceptance: 23 February 2015
Nature of transaction: Acceptance of awards of ordinary shares in terms of the Northam Share Incentive Plan
Class of Securities: Award over ordinary shares
Total number of ordinary shares covered by the awards 19 000
(7 000 retention shares with no performance conditions)
(21 000 performance shares with performance conditions)
Vesting date 100% of the retention shares on 15 November 2015 and depending on targets met in terms of the performance conditions, between nil to 135% of the performance shares on 15 November 2016
Strike price R nil
Value of transaction -
Nature and extent of director’s interest Direct beneficial
Transaction completed on market: No
Clearance obtained in terms of paragraph 3.66 of the JSE listings requirements Yes

Johannesburg
23 February 2015

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