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NHM - Northam - Update on smelter operations NORTHAM PLATINUM LIMITED Incorporated in the Republic of South Africa (Registration number 1977/003282/06) Share code: NHM ISIN code: ZAE000030912 ("Northam") Update on smelter operations Further to the announcement issued by Northam on Friday, 11 May 2012 advising of a smelter run-out at its Zondereinde mine, and following an assessment of the associated damage to the smelter, Northam management has advised that it is implementing plans to rebuild the smelter as soon as is practicably possible. The rebuild, originally scheduled for the next financial year, could take up to four months to complete. Northam is currently in discussions to secure alternative smelting services in order to contain the impact on the company. Commensurate with the lower sales volumes, revenues for the financial year ending 30 June 2012 are likely to be some R300 million lower than anticipated owing to the interruption to metals processing in the last two months of the year. These revenues should be realised in the next financial year when the metal will be sold. Mining and concentrating activities are continuing at the Zondereinde mine. Johannesburg 15 May 2012 Sponsor One Capital Date: 15/05/2012 14:00:09 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.
