NORTHAM PLATINUM HOLDINGS LIMITED - Voluntary production update

Voluntary production update

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: NHM020        Bond ISIN: ZAG000172594
                                                              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 13.0% increase in total equivalent refined metal production from own operations, and a
19.5% increase in total production (including purchased material), for the 30 June 2023 financial year (F2023), compared
to the 30 June 2022 financial year (F2022). A key feature for F2023 has been the strong production performance and
contribution from all our operations.

Key production metrics for F2023 compared to F2022 are as follows:

                                                                                F2023            F2022

                                                                                 oz 4E           oz 4E        % variance

 Equivalent refined production from own operations at Zondereinde              321 901         321 962            (0.0%)

 Concentrate production from own operations at Booysendal                      452 903         372 623            21.5%

 Concentrate production from own operations at Eland                            48 800          33 086            47.5%

 Total equivalent refined metal production from own operations                 809 775         716 488            13.0%

 Equivalent refined metal purchased from third parties                         120 407          61 961            94.3%
 
 Total equivalent refined metal production from own operations
 including refined metal purchased from third parties                          930 182         778 449            19.5%
                                                                              

Significant production growth has been achieved during F2023 as a result of focussed execution of the group’s growth
strategy, which continues to deliver against set targets. Challenges remain, particularly in respect of high mining inflation
and the potential for further and possibly more severe Eskom load curtailment events. However, our growth and operational
diversification programmes remain on-track and continue to demonstrate the value of our counter cyclical investments and
execution capacity across the group, as well as our flexibility in dealing with these challenges.


Johannesburg
13 July 2023

Corporate Advisor and Sponsor to Northam Holdings
One Capital

Corporate Advisor and Debt Sponsor to Northam Platinum
One Capital

Date: 13-07-2023 05:05:00
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