NHM - Northam Platinum Limited - Trading Statement

NHM - Northam Platinum Limited - Trading Statement                              
NORTHAM PLATINUM LIMITED                                                        
(Registration number 1977/003282/06)                                            
(Incorporated in the Republic of South Africa)                                  
JSE Code: NHM           ISIN: ZAE000030912                                      
("the company" or "the group")                                                  
TRADING STATEMENT                                                               
Shareholders are advised that the group`s earnings and headline earnings        
per share for the six months ended 31 December 2011 are estimated to            
increase by between 136% and 156%. Earnings for the six months ended 31         
December 2010 were 21 cents per share.                                          
The higher earnings reflect the effects of significantly improved               
production from the Zondereinde division and a 10% higher average rand          
basket price received over the period.  Production in the previous              
comparable period was adversely affected by a six week long strike, safety      
stoppages and challenging mining conditions. Difficult mining conditions on     
the Merensky reef horizon persisted during the period under review whilst a     
number of Section 54 safety related stoppages also interrupted production       
processes. No shifts were lost as a result of industrial action.                
The weighted average number of shares in issue at 31 December 2011 was 382      
416 190, compared to 360 747 809 shares in issue at 31 December 2010.           
This estimate has not been reviewed by the company auditors.                    
It is anticipated that the interim results for the six months ended 31          
December 2011 will be released on or about 24 February 2012.                    
Johannesburg                                                                    
3 February 2012                                                                 
Sponsor:                                                                        
One Capital                                                                     
Date: 03/02/2012 12:31:01 Supplied by www.sharenet.co.za                     
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