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 SIP Awards with performance conditions

Vesting

100% of the BEE SIP Awards 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 SIP Awards with performance conditions

Vesting

100% of the BEE SIP Awards 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 award 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 SIP Awards with performance conditions

Vesting

100% of the BEE SIP Awards 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