NORTHAM PLATINUM LIMITED - Zondereinde mine update 8

Zondereinde mine update 8

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


Zondereinde mine update 8

The management of Northam advises that it is seeking to secure a further meeting with the
leadership of the NUM under the auspices of the CCMA in an attempt to resolve the strike
action at the company’s Zondereinde platinum mine in Limpopo Province

The NUM’s latest demands, tabled at a CCMA meeting on 07 December 2013, and which
amount to an average increase of 16% in wages, and a 69% increase in the living out
allowance, remain unaffordable for the company and out of kilter with the settlements
reached in the gold sector and at a number of other platinum producers.

To date the company has lost R500 million in revenue, and employees losses in wages have
now reached the R100 million level.

Shareholders will be kept informed of progress.


Johannesburg
6 January 2014

Sponsor and Debt Sponsor
One Capital

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