Sharenet Sites 
Sharenet Sites
NHM - Northam Platinum Limited - Northam enters into a R1.0 Billion revolving credit facility NORTHAM PLATINUM LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1977/003282/06) Share code: NHM ISIN: ZAE000030912 ("Northam" or "the Group") NORTHAM ENTERS INTO A R1.0 BILLION REVOLVING CREDIT FACILITY Shareholders are advised that Northam has entered into a facility agreement with Nedbank Limited, acting through its Nedbank Corporate and Nedbank Capital divisions ("Nedbank"), regarding a R1.0 billion 5- year revolving credit facility (the "Facility"). The raising of the Facility is in line with Northam`s previously stated funding strategy and will further strengthen Northam`s balance sheet and support the Group`s key strategic initiatives, specifically the development of its Booysendal mine ("Booysendal") situated on the eastern limb of the Bushveld Complex. Together with Northam`s existing cash reserves of approximately ZAR1.7 billion (as at 30 June 2011) and ZAR1.2 billion from the proposed sale of the southern portion of Booysendal, the Facility provides Northam additional financial flexibility and will ensure the Group is fully funded in the medium-term to pursue its strategic priorities. The salient terms of the Facility are as follows: 1. 5 (five) year senior unsecured revolving credit facility; 2. Facility limit of R1.0 billion; 3. Available to be utilised by way of periodic drawdown requests until the earlier of 1 (one) month prior to final maturity and cancellation of the agreement; 4. Voluntary prepayment and redraw permitted; and 5. Other terms, conditions and covenants typical for a facility of this nature. Johannesburg 14 November 2011 Financial and debt advisor to Northam Deutsche Bank Mandated arranger, original lender and facility agent Nedbank Corporate Nedbank Capital Legal advisor to Northam Werksmans Attorneys Legal advisor to Nedbank Bowman Gilfillan Sponsor to Northam One Capital Date: 14/11/2011 11:30:00 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
