ANNOUNCEMENTS 2019

Listing of new financial instrument – NHM015

The JSE Limited (“JSE”) has granted approval for the listing of NHM015 Senior Unsecured Floating Rate Notes (“Notes”), under the Northam Platinum Limited ZAR5 000 000 000 Domestic Medium Term Note Programme dated 3 August 2012, as amended and / or supplemented from time to time (“Programme”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 13 December 2019.

The details pertaining to NHM015 are as follows:

Instrument Type: Senior Unsecured Floating Rate Notes
Total Notes in Issue: ZAR4 175 000 000.00 including this issue
Instrument Code: NHM015
Nominal Amount: ZAR500 000 000.00
Issue Price: 100%
Interest Rate: 3 Month ZAR-JIBAR plus 330 bps, being 10.10% on the first Interest Rate Determination Date (3 Month ZAR-JIBAR as at 11 December 2019 of 6.80% plus 330 bps)
Interest Rate Determination Date(s):       13 March, 13 June, 13 September and 13 December (or the first Business Day of each Interest Period) of each year until the Maturity Date, with the first Interest Rate Determination Date being 11 December 2019
Coupon Rate Indicator: Floating
Issue Date: 13 December 2019
Interest Commencement Date: 13 December 2019
Maturity Date: 13 December 2024
Final Redemption Amount: 100% of Nominal Amount
Last Day to Register: By 17h00 on 2 March, 2 June, 2 September and 2 December of each year until the Maturity Date
Books Closed Period: From 3 March to 12 March, 3 June to 12 June, 3 September to 12 September and 3 December to 12 December of each year until the Maturity Date (all dates inclusive) or if any early redemption occurs, 10 days prior to the actual Redemption Date
Interest Payment Date(s): 13 March, 13 June, 13 September and 13 December of each year until the Maturity Date
ISIN No: ZAG000164922
Business Day Convention: Following Business Day
Other: The applicable pricing supplement (“APS”) contains additional terms and conditions to the Terms and Conditions as contained in the Programme (“Additional Terms and Conditions”)
Summary of Additional Terms and Conditions: The Additional Terms and Conditions pertain to the applicable guarantee and the amendment of Condition 16.1 (Senior Notes) by including additional Events of Default in terms of Condition 16.1.1.9 (Other) of the Terms and Conditions. Investors should refer to Appendix “A” of the APS for full details of the Additional Terms and Conditions, available on Northam’s website: https://www.northam.co.za/downloads/send/96-files/1271-applicable-pricing-supplement-nhm015

The Notes will be immobilised in the Central Securities Depository (CSD) and settlement will take place electronically in terms of JSE Rules.

Johannesburg
12 December 2019

Sole Arranger, Dealer and Debt Sponsor to Northam in respect of the Notes
One Capital

Attorneys to Northam in respect of the Notes
Bowman Gilfillan Inc.