NHM - Northam Platinum Limited - Zondereinde Operational Update

NHM - Northam Platinum Limited - Zondereinde Operational Update                 
NORTHAM PLATINUM LIMITED                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1977/003282/06)                                            
Share code: NHM ISIN:ZAE000030912                                               
("Northam" or "the company")                                                    
ZONDEREINDE OPERATIONAL UPDATE                                                  
Section 54                                                                      
The management of Northam advises that mining operations resumed on the night   
shift of Friday, 25 May 2012 at the No 1 shaft of the company`s Zondereinde     
division following the upliftment of the section 54 instruction.  As per the    
company`s previous advice to shareholders, the affected shaft was closed on     
Tuesday, 22 May 2012.                                                           
Smelter                                                                         
Further to the announcements published on SENS on11 May 2012 and 15 May 2012,   
the company advises that a toll smelting and refining agreement has been        
finalised with a third party.  The toll agreement will have no effect on the    
company`s revenue or costs in the current financial year.                       
The previous guidance in the announcement dated 15 May 2012 indicating an       
anticipated R300 million drop in revenue in the financial year ending 30 June   
2012 remains valid.                                                             
Johannesburg                                                                    
28 May 2012                                                                     
Sponsor                                                                         
One Capital                                                                     
Date: 28/05/2012 16:55:01 Supplied by www.sharenet.co.za                     
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