Dealings in securities

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited (“JSE”) Listings Requirements, Northam advises its shareholders of the following dealing by a director of the company:

Name of director Ayanda Zemini Khumalo
Date of transaction 9 March 2016
Nature of transaction Exercise of options, paid out as Appreciation Cash, in terms of the Northam Share Option Scheme.  These options did vest on1 July 2012 and Mr Khumalo is required to exercise these options, on or before 30 June 2017, failing which they will lapse. 
Class of securities Appreciation Cash in respect of ordinary shares.
Number of options 125,000 options and 4,901 claw back options
Price at which options were granted R45.59 and R40.00 for the claw back options
Price at which options were exercised R48.40
Value of transaction R392,418.40
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

Purchase of Zambezi Platinum (RF) Limited (“Zambezi Platinum”) preference shares (“preference shares”)

In terms of the Northam BEE transaction implemented on 18 May 2015, Zambezi Platinum holds ordinary shares in Northam. Pursuant to the preference share terms, Zambezi Platinum is entitled to elect to settle the preference share redemption amount in cash, Northam ordinary shares or a combination thereof. Accordingly, in compliance with paragraphs 3.63 to 3.66 of the JSE Listings Requirements, Northam advises its shareholders of the following dealings by a director of the company and of Zambezi Platinum:

Name of director Ayanda Zemini Khumalo
Nature of transactions Direct purchase of preference shares
Class of shares Preference shares
Transaction 1  
Date of transaction 11 March 2016
Price per preference share R43.50
Total number of preference shares 25 preference shares
Value of transaction R1,087.50
Nature and extent of director’s interest Direct beneficial interest in Northam ordinary shares held by Zambezi Platinum
Transaction completed on market Yes
Clearance obtained in terms of paragraph 3.66 of the JSE listings requirements Yes
Transaction 2  
Date of transaction 14 March 2016
Price per preference share R44.50
Total number of preference shares 475 preference shares
Value of transaction R21,137.50
Nature and extent of director’s interest Direct beneficial interest in Northam ordinary shares held by Zambezi Platinum
Transaction completed on market Yes
Clearance obtained in terms of paragraph 3.66 of the JSE listings requirements Yes

Johannesburg
15 March 2016

Sponsor and Debt Sponsor
One Capital