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Condensed reviewed interim financial results for the six months ended 31 December 2025 and cash dividend declaration

Published: 2026-02-27 08:06:05 ET

   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
                 JSE share code: NPH                                   JSE debt issuer code: NHMI
                 ISIN: ZAE000298253                         Bond code: NHM021        Bond ISIN: ZAG000181496
  (“Northam Holdings” or the “company” together             Bond code: NHM022        Bond ISIN: ZAG000190133
   with its subsidiaries, “Northam” or the “group”)         Bond code: NHM025        Bond ISIN: ZAG000195934
                                                            Bond code: NHM026        Bond ISIN: ZAG000195942
                                                            Bond code: NHM027        Bond ISIN: ZAG000216052
                                                            Bond code: NHM028        Bond ISIN: ZAG000216045
                                                            Bond code: NHM029        Bond ISIN: ZAG000216037
                                                                          (“Northam Platinum”)

CONDENSED REVIEWED INTERIM FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2025
                  AND A RECORD INTERIM CASH DIVIDEND DECLARATION

Shareholders of Northam Holdings (“Shareholders”) are hereby advised that the company has today published its
condensed reviewed interim financial results for the six months ended 31 December 2025 (“Interim Results”).


Financial results overview

                                                         Six months ended           Six months ended
                                                                                                             Variance
                                                         31 December 2025           31 December 2024
 Sales revenue                          R000                    23 250 372                 14 534 271          60.0%
 Operating profit                       R000                     5 840 257                  1 083 226         439.2%
 Operating profit margin                 %                             25.1                        7.5        234.7%
 Basic earnings per share               cents                       2 006.0                      61.5      >1 000.0%
 Headline earnings per share            cents                       1 524.0                      61.1      >1 000.0%
 Dividend per share                     cents                         700.0                      15.0      >1 000.0%
 EBITDA*                                R000                     7 451 127                  1 761 810         322.9%
 EBITDA margin                           %                             32.0                      12.1         164.5%

*Earnings before interest, taxation, depreciation, amortisation and reversal of impairment.


Record interim cash dividend declaration


For the six months ended 31 December 2025, the board of directors of the company (“the board”) has resolved to
declare and pay a record interim gross cash dividend of 700.0 cents per share (31 December 2024: 15.0 cents per
share and for 30 June 2025: 200.0 cents per share), which in aggregate amounts to a gross cash dividend of
approximately R2.8 billion. The interim gross cash dividend has been declared from income reserves.

A dividend withholding tax of 20.0% will be applicable to Shareholders who are not exempt from, or who do not qualify
for, a reduced rate of dividend withholding tax. Accordingly, for those Shareholders subject to dividend withholding tax
at a rate of 20.0%, the interim net cash dividend will amount to 560.0 cents per share (31 December 2024: 12.0 cents
per share and for 30 June 2025: 160.0 cents per share).
The following dates are applicable to the interim cash dividend:


    Last day to trade to qualify and participate in the dividend (cum dividend), on           Tuesday, 17 March 2026
    Trading ex-dividend commences, on                                                       Wednesday, 18 March 2026
    Record date to determine which Shareholders are eligible to receive the dividend, on        Friday, 20 March 2026
    Payment date of the dividend, on                                                          Monday, 23 March 2026

Shareholders may not dematerialise or rematerialise their shares between Wednesday, 18 March 2026 and
Friday, 20 March 2026, both days inclusive.

The following additional information is disclosed regarding the interim cash dividend:

•     Northam Holdings’ issued share capital as at the declaration date is 400 102 916 ordinary shares (of which 1 share
      is held by Northam Platinum, a subsidiary of Northam Holdings)
•     Northam Holdings’ registration number is 2020/905346/06
•     Northam Holdings’ income tax reference number is 9586451198



About this announcement

This announcement, which contains information extracted from the Interim Results, is the responsibility of the board and
has been prepared in compliance with the JSE Listings Requirements.

As the information in this announcement does not provide all of the details, any investment decisions should be based
on the published condensed reviewed interim financial results for the six months ended 31 December 2025
(which incorporates the external auditor’s report in which PricewaterhouseCoopers Incorporated expressed an
unmodified        review       conclusion)           accessible        via        the     JSE        cloudlink     at:
https://senspdf.jse.co.za/documents/2026/JSE/ISSE/NPHE/Interim_26.pdf and on the company’s website at:
https://northam.co.za/component/jdownloads/?task=download.send&id=1621&catid=187&m=0&Itemid=347.



Johannesburg
27 February 2026



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

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.