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Disposal of the remainder of Northam Holdings’ interest in Implats

Published: 2023-08-28 13:15:23 ET
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      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                                      Debt issuer code: NHMI
                  ISIN: ZAE000298253                        Bond code: NHM015       Bond ISIN: ZAG000164922
                (“Northam Holdings” or,                     Bond code: NHM016       Bond ISIN: ZAG000167750
        together with its subsidiaries, “Northam”)          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”)

             DISPOSAL OF THE REMAINDER OF NORTHAM HOLDINGS’ INTEREST IN IMPLATS

Unless otherwise defined herein, capitalised words and terms contained in this announcement shall bear the same
meanings ascribed thereto in the announcement published by Northam Holdings on SENS on Friday, 25 August 2023
(“Announcement”).

Northam Shareholders are referred to the Announcement wherein it was advised, inter alia, that
Northam Holdings had disposed of 27 541 147 of the 30 065 866 Implats Shares received pursuant to the Acceptance
(“Share Consideration”).

Northam Shareholders are advised that Northam Holdings has disposed of the remaining 2 524 719 Implats Shares
on-market for a total consideration of c. R251.1 million.

Accordingly, the total cash consideration received pursuant to the disposal of the Share Consideration amounts to
c. R3.1 billion, representing a volume weighted average price of R103.95 per Implats Share.

The disposal of the remaining 2 524 719 Implats Shares falls below the threshold for categorisation in terms of the
JSE Limited Listings Requirements, and therefore this is a voluntary announcement provided for information purposes
only.



Johannesburg
28 August 2023

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