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NHM - Northam Platinum Limited - Update on the wage negotiations at Zondereinde NORTHAM PLATINUM LIMITED (Incorporated in the Republic of South Africa) (Registration number 1977/003282/06) Share code: NHM ISIN: ZAE 000030912 ("Northam" or "the company") UPDATE ON THE WAGE NEGOTIATIONS AT ZONDEREINDE The management of the Zondereinde division of Northam confirms that the National Union of Mineworkers ("NUM") has declared a dispute with the company. Management denies that it has refused to bargain with the NUM for those grades where it is representative and has the majority. Management invites the union to honour its agreement and to approach the negotiations without pre-conditions in the bargaining units where they have a majority. In terms of the existing recognition agreement, which dates back to 2003, NUM requires representivity of 33'% in each bargaining unit in order to negotiate on its behalf. This threshold has not been reached in the two additional bargaining units NUM now claims to represent. Zondereinde management regards this unilateral implementation of a change to the existing agreement between the parties as a fundamental breach of the entire agreement. Johannesburg 13 July 2011 Sponsor One Capital Date: 13/07/2011 11:49:01 Supplied by www.sharenet.co.za 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.
