Dealings in securities

Northam shareholders (“shareholders”) are advised that the company has made awards in accordance with the terms of the Northam Share Incentive Plan (“SIP”). These include the award of conditional shares relating to Northam’s BEE transaction (“BEE SIP Awards”), which awards were specifically approved by shareholders at the annual general meeting held on 9 November 2016. The BEE SIP Awards have been carved out of the existing total SIP allocation limit previously approved by shareholders on 5 November 2014, therefore the total SIP allocation limit has not been increased as a result of the BEE SIP Awards.

In compliance with paragraph 3.63 of the JSE Limited Listings Requirements (“JSE Listings Requirements”), the dealings by directors of the company, directors of major subsidiaries and the company secretary are as follows:

Name of director Paul Anthony Dunne
Date of award acceptance 18 November 2016
Nature of transaction Acceptance of awards in relation to Northam ordinary shares (“shares”) in terms of the SIP
Class of securities Awards in terms of the SIP
Total number of shares covered by the awards 170 100
(42 900 retention shares with no performance conditions)
(127 200 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 8 November 2019
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
Designation of director Chief Executive Officer
Name of director Paul Anthony Dunne
Date of award acceptance 18 November 2016
Nature of transaction Acceptance of awards in relation to shares in terms of the SIP
Class of securities Awards in terms of the SIP
Total number of shares covered by the awards 1 500 000 BEE transaction conditional shares with performance conditions
Vesting 100% of the BEE transaction conditional shares on achievement of the performance conditions by 18 May 2025
Vesting date 30 business days after the date on which the performance conditions are achieved
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 award acceptance 18 November 2016
Nature of transaction Acceptance of awards in relation to shares in terms of the SIP
Class of securities Awards in terms of the SIP
Total number of shares covered by the awards 82 900
(20 900 retention shares with no performance conditions)
(62 000 performance shares with performance conditions)
Vesting date 100% of the retention shares and depending on targets met in terms of the performance conditions, between nil to 135% of the performance shares on 8 November 2019
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
Designation of director Chief Financial Officer
Name of director Ayanda Zemini Khumalo
Date of award acceptance 18 November 2016
Nature of transaction Acceptance of awards in relation to shares in terms of the SIP
Class of securities Awards in terms of the SIP
Total number of shares covered by the awards 700 000 BEE transaction conditional shares with performance conditions
Vesting 100% of the BEE transaction conditional shares on achievement of the performance conditions by 18 May 2025
Vesting date 30 business days after the date on which the performance conditions are achieved
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 of major subsidiary   Leon Charl van Schalkwyk
Name of major subsidiary Booysendal Platinum Proprietary Limited
Date of award acceptance 18 November 2016
Nature of transaction Acceptance of awards in relation to shares in terms of the SIP
Class of securities Awards in terms of the SIP
Total number of shares covered by the awards 59 200
(14 900 retention shares with no performance conditions)
(44 300 performance shares with performance conditions)
Vesting date 100% of the retention shares and depending on targets met in terms of the performance conditions, between nil to 135% of the performance shares on 8 November 2019
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
Designation of director of major subsidiary Chief Commercial Officer
Name of director of major subsidiary Leon Charl van Schalkwyk
Name of major subsidiary Booysendal Platinum Proprietary Limited
Date of award acceptance 18 November 2016
Nature of transaction Acceptance of awards in relation to shares in terms of the SIP
Class of securities Awards in terms of the SIP
Total number of shares covered by the awards 500 000 BEE transaction conditional shares with performance conditions
Vesting 100% of the BEE transaction conditional shares on achievement of the performance conditions by 18 May 2025
Vesting date 30 business days after the date on which the performance conditions are achieved
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 award acceptance 18 November 2016
Nature of transaction Acceptance of awards in relation to shares in terms of the SIP
Class of securities Awards in terms of the SIP
Total number of shares covered by the awards 21 000
(5 300 retention shares with no performance conditions)
(15 700 performance shares with performance conditions)
Vesting date 100% of the retention shares and depending on targets met in terms of the performance conditions, between nil to 135% of the performance shares on 8 November 2019
Strike price R nil
Value of transaction -
Nature and extent of interest Direct beneficial
Transaction completed on market No
Clearance obtained in terms of paragraph 3.66 of the JSE Listings Requirements  Yes

Johannesburg
22 November 2016

Sponsor and Debt Sponsor
One Capital