NORTHAM PLATINUM HOLDINGS LIMITED                                    NORTHAM PLATINUM LIMITED
       Incorporated in the Republic of South Africa                   Incorporated in the Republic of South Africa
           Registration number: 2020/905346/06                           Registration number: 1977/003282/06
          Share code: NPH ISIN: ZAE000298253                                    Debt issuer code: NHMI
 (“Northam Holdings” or the “company” or, together with           Bond code: NHM015        Bond ISIN: ZAG000164922
        its subsidiaries, “Northam” or the “group”)               Bond code: NHM016        Bond ISIN: ZAG000167750
                                                                  Bond code: NHM018        Bond ISIN: ZAG000168097
                                                                  Bond code: NHM019        Bond ISIN: ZAG000168105
                                                                  Bond code: NHM020        Bond ISIN: ZAG000172594
                                                                  Bond code: NHM021        Bond ISIN: ZAG000181496
                                                                  Bond code: NHM022        Bond ISIN: ZAG000190133
                                                                  Bond code: NHM023        Bond ISIN: ZAG000190968
                                                                                (“Northam Platinum”)

  CONDENSED REVIEWED INTERIM FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2022

Shareholders are advised that Northam Holdings has, today, published its condensed reviewed interim financial results for
the six months ended 31 December 2022 (“Interim Results”).

Financial results overview

                                                         Six months ended           Six months ended 31
                                                                                                               Variance %
                                                         31 December 2022                December 2021
  Sales revenue                           R000                    20 119 026                    13 881 445             44.9
  Operating profit                        R000                      9 066 564                    5 851 165             55.0
  Operating profit margin                  %                              45.1                        42.2              6.9
  Earnings per share                      cents                        1 596.2                       965.0             65.4
  Headline earnings per share             cents                        1 608.5                       961.5             67.3
  EBITDA*                                 R000                      9 953 810                    6 444 638             54.5
  EBITDA margin                            %                              49.5                        46.4              6.7
* Earnings before interest, taxation, depreciation and amortisation.

Northam remains at a critical juncture in pursuance of the group’s growth strategy, with various potential alternative
outcomes that remain to be determined. The board of directors of the company (the “board”) has therefore resolved not to
declare a dividend for the interim period ended 31 December 2022 (31 December 2021: R Nil per share).

About this announcement
This short-form announcement is the responsibility of the board and is only a summary of the information contained in the
Interim Results and does not contain full or complete details.
Any investment decisions by investors and/or shareholders should be based on the Interim Results which are accessible
via the JSE link at: https://senspdf.jse.co.za/documents/2023/JSE/ISSE/NPHE/Interim_23.pdf and on the company’s
website at: https://www.northam.co.za/downloads?task=download.send&id=1504&catid=167&m=0.
The Interim Results are also available for inspection at no charge at the company’s registered office (Building 4, 1st Floor,
Maxwell Office Park, Magwa Crescent West, Waterfall City, Jukskei View) and the offices of its sponsor, One Capital
Sponsor Services Proprietary Limited (17 Fricker Road, Illovo), during normal business hours.


Johannesburg
24 March 2023
Corporate Advisor and Sponsor to Northam Holdings   Attorneys to Northam Holdings and Northam Platinum
                    One Capital                                        Webber Wentzel




                       Corporate Advisor and Debt Sponsor to Northam Platinum
                                             One Capital