ZAMBEZI PLATINUM (RF) LIMITED - Cautionary announcement

Cautionary announcement

ZAMBEZI PLATINUM (RF) LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2014/106927/06)
JSE preference share code: ZPLP
ISIN code: ZAE000202552
(“Zambezi Platinum”)

CAUTIONARY ANNOUNCEMENT

Zambezi Platinum preference shareholders are referred to the cautionary announcement published by
Northam Platinum Limited (“Northam”) on SENS today, 2 November 2020, advising that Northam and
Zambezi Platinum have entered into discussions regarding a potential transaction to accelerate the maturity
of the empowerment transaction concluded between Northam and Zambezi Platinum in May 2015. If the
transaction is successfully concluded it may have a material effect on the price of Zambezi Platinum’s
securities.

Accordingly, Zambezi Platinum preference shareholders are advised to exercise caution when dealing in
Zambezi Platinum’s securities, until a further announcement is published.


Johannesburg
2 November 2020

Independent Advisor to Zambezi Platinum
Nisela Capital

Debt Sponsor to Zambezi Platinum
One Capital

Date: 02-11-2020 05:02:00
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