MVL/NHM - Mvelaphanda Resources / Northam Platinum - Final Northam

MVL/NHM - Mvelaphanda Resources / Northam Platinum - Final Northam              
Distribution ratio and Scheme Consideration Limited                             
Mvelaphanda Resources Limited                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1980/001395/06)                                           
Share Code: MVL                                                                 
ISIN: ZAE000050266                                                              
("Mvela Resources")                                                             
Northam Platinum Limited                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration No. 1977/003282/06)                                               
Share Code: NHM                                                                 
ISIN: ZAE000030912                                                              
("Northam")                                                                     
FINALISATION INFORMATION AND REVISED SALIENT DATES AND TIMES IN RESPECT OF THE  
PROPOSED DISTRIBUTION OF 181 980 981 NORTHAM ORDINARY SHARES TO MVELA           
RESOURCES ORDINARY SHAREHOLDERS ("Northam distribution"), THE PROPOSED          
SPECIFIC REPURCHASE OF 35 000 000 MVELA RESOURCES `A` ORDINARY SHARES ("the     
repurchase") AND THE PROPOSED ACQUISITION BY NORTHAM OF THE ENTIRE ISSUED       
ORDINARY SHARE CAPITAL OF MVELA RESOURCES ("the scheme") AFTER THE              
IMPLEMENTATION OF THE NORTHAM DISTRIBUTION AND THE REPURCHASE ("the proposed    
transactions")                                                                  
FINAL NORTHAM DISTRIBUTION RATIO AND SCHEME CONSIDERATION                       
Further to the announcement released on SENS this morning, we wish to advise    
that:                                                                           
The distribution ratio for the proposed distribution of the  181  980 981       
Northam ordinary shares is 83.5230 Northam shares to be distributed to          
participating Mvela Resources ordinary shareholders for every 100 Mvela         
Resources ordinary shares held on the Northam distribution participation        
record date                                                                     
Mvela Resources ordinary shareholders will receive 0.09598 Northam shares for   
every 1 Mvela Resources ordinary share held on the scheme consideration record  
date.                                                                           
7 April 2011                                                                    
Johannesburg                                                                    
Sponsor to Mvela Resources                                                      
J.P. Morgan                                                                     
Sponsor to Northam                                                              
One Capital                                                                     
Date: 07/04/2011 15:00:01 Supplied by www.sharenet.co.za                     
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