NORTHAM PLATINUM LIMITED - Acquisition of Platinum Group Metals Recycling Assets in the United States of America

Acquisition of Platinum Group Metals Recycling Assets 
in the United States of America

NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Share code: NHM   ISIN: ZAE000030912
Debt issuer code: NHMI
Bond code: NHM002 Bond ISIN: ZAG000129024
Bond code: NHM003 Bond ISIN: ZAG000129032
(“Northam”)

ACQUISITION OF PLATINUM GROUP METALS RECYCLING ASSETS IN THE UNITED STATES OF AMERICA

1.   INTRODUCTION

     Northam is pleased to announce that it has entered into binding transaction agreements pursuant
     to which it will acquire platinum group metals (“PGM”) recycling equipment located in
     Pennsylvania, United States of America (“US”) (“PGM Recycling Equipment”), as well as
     immoveable property comprising land and buildings for the PGM Recycling Equipment
     (“Premises”), (collectively, the “Transactions”).

     The aggregate consideration payable by Northam in respect of the Transactions amounts to
     approximately USD10.7 million, to be settled in cash. Closing and settlement of the Transactions
     are envisaged to take place by no later than 1 September 2017.

2.   BACKGROUND INFORMATION AND RATIONALE

     The PGM Recycling Equipment will be acquired from A-1 Specialized Services Inc., a recycler of
     PGMs from automotive catalysts. The PGM Recycling Equipment comprises, inter alia, multiple
     ceramic catalytic converter processing lines and ancillary equipment, including sampling and
     separation systems, transportation and a materials handling fleet.

     The Premises consist of approximately 30 acres of land as well as buildings measuring
     approximately 301,000 sq.ft used for warehousing, manufacturing and office space. It has direct
     access to excellent surrounding infrastructure, including roads and a direct rail connection.

     The Transactions afford Northam as an integrated primary and secondary producer, the
     opportunity to expand and diversify its business interests into PGM recycling. Northam will be able
     to participate in the growing demand for recycled PGMs from autocatalysts and maintain and
     develop a strategic footprint in North America.

     Paul Dunne, Northam’s Chief Executive Officer, said “the Transactions represent a low cost
     entry by Northam into a key segment of the broader PGM market. Northam has secured an
     excellent asset base of strategic future importance.”

3.   CATEGORISATION

     The Transactions fall below the threshold for categorisation in terms of the JSE Limited Listings
     Requirements and this announcement is provided for information purposes only.


Johannesburg
28 July 2017

Corporate Advisor, Sponsor and Debt Sponsor
One Capital

Date: 28/07/2017 07:30:00 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.