Sharenet Sites 
Sharenet Sites
Update regarding the acquisition of R293 million of Zambezi preference shares
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: NHM006 Bond ISIN: ZAG000158577
Bond code: NHM007 Bond ISIN: ZAG000158593
Bond code: NHM008 Bond ISIN: ZAG000158858
Bond code: NHM009 Bond ISIN: ZAG000158866
Bond code: NHM010 Bond ISIN: ZAG000159229
Bond code: NHM011 Bond ISIN: ZAG000159237
Bond code: NHM012 Bond ISIN: ZAG000160136
Bond code: NHM013 Bond ISIN: ZAG000162181
(“Northam”)
UPDATE REGARDING THE ACQUISITION OF R293 MILLION OF ZAMBEZI PREFERENCE SHARES
Northam shareholders (“shareholders”) are referred to the announcement dated 2 September 2019
(“previous announcement”), pertaining to the acquisition by Northam of preference shares in Zambezi
Platinum (RF) Limited (“Zambezi preference shares”), from Coronation Asset Management Proprietary
Limited, acting as an investment manager on behalf of its clients, for a total cash consideration of
approximately R292.6 million (“acquisition”).
As stated in the previous announcement, the acquisition is not subject to shareholder approval, provided an
independent professional expert confirms that the terms of the acquisition are fair to shareholders (“fairness
opinion”). Northam has appointed BDO Corporate Finance Proprietary Limited (“BDO”) as the independent
professional expert for purposes of providing the fairness opinion.
Northam is pleased to announce that BDO has considered the terms and conditions of the acquisition and is of
the opinion that the acquisition is fair to shareholders. Accordingly, the acquisition will be implemented on
30 September 2019.
A copy of the fairness opinion is available for inspection for a period of 28 days from the date of this
announcement, at Northam’s registered office being, Building 4, 1st Floor, Maxwell Office Park, Magwa
Crescent West, Waterfall City, Jukskei View.
Johannesburg
13 September 2019
Corporate Advisor, Sponsor and Debt Sponsor to Northam
One Capital
Independent Professional Expert to Northam
BDO Corporate Finance Proprietary Limited
Attorneys to Northam
Cliffe Dekker Hofmeyr Inc.
Date: 13/09/2019 05:00:00
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.
