Announcements 2019

Dealings in Securities

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

In terms of the Northam broad-based black economic empowerment 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 3.70 of the JSE Limited Listings Requirements (“Listings Requirements”), Northam advises its shareholders of the following dealings by associates of a director of a major subsidiary of the company and Zambezi Platinum:

Name of director of major subsidiary Mr L C van Schalkwyk
Name of major subsidiary Booysendal Platinum Proprietary Limited
Class of shares Preference shares
Transactions completed on market Yes
Clearance obtained in terms of paragraph 3.66 of the Listings Requirements Yes
   
Transaction 1  
Name of associate Mr L C van Schalkwyk
Relationship with director Son of Mr van Schalkwyk
Date of transaction 25 September 2019
Nature of transaction Purchase of preference shares
Price per preference share R76.9025
Total number of preference shares 153
Value of transaction R11 766.08
Nature and extent of director’s interest Indirect non-beneficial interest in Zambezi Platinum resulting in an indirect exposure to Northam ordinary shares
   
Transaction 2  
Name of associate Mrs C van Schalkwyk
Relationship with director Wife of Mr van Schalkwyk
Date of transaction 25 September 2019
Nature of transaction Purchase of preference shares
Price per preference share R76.9025
Total number of preference shares 115
Value of transaction R8 843.79
Nature and extent of director’s interest Indirect beneficial interest in Zambezi Platinum resulting in an indirect exposure to Northam ordinary shares
   
Transaction 3  
Name of associate Ms C van Schalkwyk
Relationship with director Daughter of Mr van Schalkwyk
Date of transaction 25 September 2019
Nature of transaction Purchase of preference shares
Price per preference share R76.9025
Total number of preference shares 620
Value of transaction R47 679.55
Nature and extent of director’s interest Indirect non-beneficial interest in Zambezi Platinum resulting in an indirect exposure to Northam ordinary shares
   
Transaction 4  
Name of associate Bepro Messina Proprietary Limited
Relationship with director Mr van Schalkwyk is a director of Bepro Messina Proprietary Limited
Date of transaction 25 September 2019
Nature of transaction Purchase of preference shares
Price per preference share R76.9025
Total number of preference shares 4 810
Value of transaction R369 901.03
Nature and extent of director’s interest Indirect beneficial interest in Zambezi Platinum resulting in an indirect exposure to Northam ordinary shares
   
Transaction 5  
Name of associate Mr L C van Schalkwyk
Relationship with director Son of Mr van Schalkwyk
Date of transaction 30 September 2019
Nature of transaction Purchase of preference shares
Price per preference share R76.9965
Total number of preference shares 1 541
Value of transaction R118 651.61
Nature and extent of director’s interest Indirect non-beneficial interest in Zambezi Platinum resulting in an indirect exposure to Northam ordinary shares
   
Transaction 6  
Name of associate Mrs C van Schalkwyk
Relationship with director Wife of Mr van Schalkwyk
Date of transaction 30 September 2019
Nature of transaction Purchase of preference shares
Price per preference share R76.9965
Total number of preference shares 1 541
Value of transaction R118 651.61
Nature and extent of director’s interest Indirect beneficial interest in Zambezi Platinum resulting in an indirect exposure to Northam ordinary shares
   
Transaction 7  
Name of associate Ms C van Schalkwyk
Relationship with director Daughter of Mr van Schalkwyk
Date of transaction 30 September 2019
Nature of transaction Purchase of preference shares
Price per preference share R76.9965
Total number of preference shares 1 541
Value of transaction R118 6561.61
Nature and extent of director’s interest Indirect non-beneficial interest in Zambezi Platinum resulting in an indirect exposure to Northam ordinary shares

Johannesburg
1 October 2019

Sponsor and Debt Sponsor
One Capital