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: 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 10.6% increase in total equivalent refined metal production from own operations, and a
19.9% increase in total production (including purchased material), for the 6-month period ended 31 December 2023
(H1 F2024), compared to the 6-month period ended, 31 December 2022 (H1 F2023).

Key production metrics for H1 F2024 compared to H1 F2023 are as follows:


                                                                             H1 F2024        H1 F2023

                                                                                 oz 4E           oz 4E        % variance
 Equivalent refined metal production from own operations at
                                                                               160 188         160 806            (0.4%)
 Zondereinde
 Concentrate production from own operations at Booysendal                      250 004         217 630            14.9%

 Concentrate production from own operations at Eland                            32 574          21 463            51.8%

 Total equivalent refined metal production from own operations                 434 977         393 309            10.6%

 Equivalent refined metal purchased from third parties                          83 107          38 739           114.5%

 Total production including purchased material                                 518 084         432 048            19.9%



Production growth has been achieved due to the continued focussed execution of the group’s growth strategy. We have
targeted increased mechanisation to grow production whilst lowering operational risk and improving our relative position on
the industry cost curve. This protects our operations against subdued or volatile commodity markets.




Johannesburg

15 January 2024
Corporate Advisor and Sponsor to   Corporate Advisor and Debt Sponsor to
       Northam Holdings                      Northam Platinum
           One Capital                          One Capital