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”) NORTHAM'S LONG-TERM AND SHORT-TERM CREDIT RATINGS REAFFIRMED AND OUTLOOK MAINTAINED AS STABLE Northam Holdings and Northam Platinum are pleased to advise that the credit rating agency, GCR Ratings (“GCR”), has reaffirmed Northam Platinum’s national scale long-term and short-term credit ratings at A+(za) and A1(za), respectively, with the outlook maintained as Stable. The affirmation of Northam Platinum’s rating is supported by its very strong liquidity profile, strong financial position and continued expansion of production. Liquidity has been fortified to provide the group with sufficient financial resources to continue its development activity. GCR notes that Northam’s position as one of the lowest cost platinum group metal (“PGM”) producers globally, with a flexible production profile, will enable it to withstand the current down cycle better than many of its larger peers. The Stable outlook reflects GCR’s view that Northam Platinum’s strong liquidity position will provide the necessary financial resources to withstand the cyclical downturn in PGM prices. The GCR announcement in regard to Northam’s credit rating is available from the GCR website at: https://gcrratings.com/announcements/gcr-affirms-northam-platinum-limiteds-long-term-issuer-rating-of-aza-on-strong- liquidity-with-a-stable-outlook/. Johannesburg 11 October 2023 Corporate Advisor and Sponsor to Corporate Advisor and Debt Sponsor to Northam Holdings Northam Platinum One Capital One Capital