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 the “company” or, together with       Bond code: NHM015       Bond ISIN: ZAG000164922
        its subsidiaries, “Northam” or the “group”)           Bond code: NHM016       Bond ISIN: ZAG000167750
                                                              Bond code: NHM018       Bond ISIN: ZAG000168097
                                                              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
                                                                           (“Northam Platinum”)


     ENGAGEMENT WITH SHAREHOLDERS REGARDING THE GROUP’S REMUNERATION POLICY AND
          REMUNERATION IMPLEMENTATION REPORT FOR THE YEAR ENDED 30 JUNE 2022

Northam Holdings shareholders (“shareholders”) are referred to the annual general meeting of shareholders (“AGM”)
held today, 25 October 2022, as well as the announcement pertaining to the voting results of the resolutions presented
at the AGM (“announcement”) published on SENS on the same date.

As noted in the announcement, more than 25% of the votes cast by shareholders present or represented by proxy at
the AGM on ordinary resolutions 4.1 and 4.2 were exercised against the non-binding endorsement of the group’s
remuneration policy and remuneration implementation report (“non-binding advisory resolutions”). Therefore, in
accordance with the JSE Limited Listings Requirements and the recommendations of the King IV Report on Corporate
Governance for South Africa, 2016, the company has invited dissenting shareholders (being shareholders who voted
against any of the non-binding advisory resolutions) to send their comments / concerns / questions / recommendations
regarding the group’s remuneration policy and/or remuneration implementation report, in writing, to Ms PB Beale, the
company secretary of Northam, at trish.beale@norplats.co.za, to be received by no later than close of business on
Thursday, 15 December 2022.

The company's remuneration committee endeavours to ensure that remuneration across the group is aligned with the
group’s strategy and creates sustainable value for all stakeholders. We believe that open, transparent and meaningful
engagement with shareholders is important to continually mature the remuneration policies and practices of the group.
We therefore look forward to engaging with shareholders.


Johannesburg
25 October 2022

 Corporate Advisor and Sponsor to Northam Holdings            Attorneys to Northam Holdings and Northam Platinum
                     One Capital                                                 Webber Wentzel




                             Corporate Advisor and Debt Sponsor to Northam Platinum
                                                   One Capital