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”)

                                          VOLUNTARY PRODUCTION UPDATE

Northam is pleased to report a 13.0% increase in total equivalent refined metal production from own operations, and a
19.5% increase in total production (including purchased material), for the 30 June 2023 financial year (F2023), compared
to the 30 June 2022 financial year (F2022). A key feature for F2023 has been the strong production performance and
contribution from all our operations.

Key production metrics for F2023 compared to F2022 are as follows:


                                                                                F2023            F2022

                                                                                 oz 4E           oz 4E        % variance

 Equivalent refined production from own operations at Zondereinde             321 901          321 962             (0.0%)

 Concentrate production from own operations at Booysendal                     452 903          372 623            21.5%

 Concentrate production from own operations at Eland                            48 800          33 086            47.5%

 Total equivalent refined metal production from own operations                809 775          716 488            13.0%

 Equivalent refined metal purchased from third parties                        120 407           61 961            94.3%
 Total equivalent refined metal production from own operations
                                                                              930 182          778 449            19.5%
 including refined metal purchased from third parties


Significant production growth has been achieved during F2023 as a result of focussed execution of the group’s growth
strategy, which continues to deliver against set targets. Challenges remain, particularly in respect of high mining inflation
and the potential for further and possibly more severe Eskom load curtailment events. However, our growth and operational
diversification programmes remain on-track and continue to demonstrate the value of our counter cyclical investments and
execution capacity across the group, as well as our flexibility in dealing with these challenges.
Johannesburg
13 July 2023

         Corporate Advisor and Sponsor to   Corporate Advisor and Debt Sponsor to
                Northam Holdings                      Northam Platinum
                    One Capital                          One Capital