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:

Exercise of Northam options

Name of director Ayanda Zemini Khumalo
Date of transaction 7 September 2017
Nature of transaction Exercise of options, paid out as appreciation cash, in terms of the Northam Share Option Scheme. These options vested on 18 October 2010 and Mr Khumalo is required to exercise these options, on or before 17 October 2017, failing which they will lapse.
Class of securities Appreciation cash in respect of ordinary shares
Number of options 62 500 options and 2 450 claw back options
Price at which options were granted R46.57 for the options and R40.00 for the claw back options
Price at which options were exercised R50.30
Value of transaction R258,360.00
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

11 September 2017

Sponsor and Debt Sponsor
One Capital