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, together with its subsidiaries,           Bond code: NHM015        Bond ISIN: ZAG000164922
               “Northam” or the “Group”)                           Bond code: NHM016        Bond ISIN: ZAG000167750
                                                                   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
                                                                   Bond code: NHM024        Bond ISIN: ZAG000195926
                                                                   Bond code: NHM025        Bond ISIN: ZAG000195934
                                                                   Bond code: NHM026        Bond ISIN: ZAG000195942
                                                                                  (“Northam Platinum”)

                         RESTRUCTURE OF NORTHAM’S BANKING FACILITIES:
                  SETTLEMENT AND CANCELLATION OF THE TERM LOAN FACILITY AND
            INCREASE TO THE REVOLVING CREDIT FACILITY FROM R7.2 BILLION TO R10 BILLION

Northam is pleased to announce that it has successfully concluded and implemented an agreement to restructure its
existing banking facilities, whereby (i) the R2.445 billion term loan facility (“Term Loan”) has been fully settled and
cancelled, and (ii) the existing R7.155 billion five-year revolving credit facility (“RCF”) has been increased by
R2.845 billion to R10 billion (“Restructure”).

As a result of the Restructure, Northam’s total available banking facilities now amount to R11 billion, comprising the
increased RCF of R10 billion and existing general banking facilities of R1 billion.

The remaining terms of the RCF remain unchanged, including the maturity date being August 2027.

The Term Loan had a staggered maturity profile of four equal tranches, commencing in February 2026 and ending in
August 2027. Consequently, the Restructure has both increased Northam’s available banking facilities and removed the
early staggered maturity profile, thereby enhancing the Group’s liquidity and financial flexibility until August 2027.

As at 30 June 2023, all Northam’s banking facilities were fully undrawn and available.

Alet Coetzee, Northam’s Chief Financial Officer, said “The restructured and increased banking facilities provide the
Group with additional liquidity and financial flexibility. Northam remains appreciative of the continued support and
additional commitment from its consortium of lenders.”


Johannesburg
3 July 2023
Corporate Advisor and Sponsor to          Corporate Advisor and Debt Sponsor to
       Northam Holdings                             Northam Platinum
           One Capital                                 One Capital




Attorneys to Northam Holdings and         Global Coordinator and Facility Agent
        Northam Platinum                           in respect of the RCF
         Webber Wentzel             Nedbank Limited (acting through its Nedbank Corporate
                                              and Investment Banking division)