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NORTHAM PLATINUM LIMITED - Northam issues R1.25 billion of domestic medium term notes

Release Date: 03/09/2012 15:00
Code(s): NHM     PDF:  
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Northam issues R1.25 billion of domestic medium term notes

NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Share code: NHM
ISIN code: ZAE000030912
(“Northam” or “the Company”)

NORTHAM ISSUES R1.25 BILLION OF DOMESTIC MEDIUM TERM NOTES


Northam shareholders are advised that the Company has successfully raised term debt through an issue of
R1.25 billion three year senior unsecured floating rate notes (“Notes” or “the Issue”) under its R2 billion
Domestic Medium Term Note Programme dated 3 August 2012. The Notes will attract a coupon of 350 basis
points above three month JIBAR (“Coupon”) and interest payments are due quarterly. The Notes will mature
on 4 September 2015.

The Notes will be listed on Tuesday, 4 September 2012 on the Interest Rate Market of the JSE Limited (bond
code: NHM001). The first interest payment date will be 4 December 2012. The interest rate during the first
quarter is based on three month JIBAR of 5.075% as at 30 August 2012, resulting in a Coupon of 8.575%
applicable to the first quarter. The Issue will be guaranteed by Northam’s wholly owned subsidiaries,
Micawber 278 Proprietary Limited and Khumama Platinum Proprietary Limited.

Glyn Lewis, CEO of Northam, commented on the Issue: “Northam is pleased to have secured total debt
funding and facilities of R2.25 billion, comprising R1.25 billion of 3 year unsecured notes and a R1 billion
revolving credit facility. These funds will be applied by Northam towards capital expenditure programmes,
including the deepening of the Zondereinde mine and the completion of the Booysendal mine. The successful
issue of the notes negates the need for Northam to seek shareholder funding for these purposes.”

Johannesburg
3 September 2012


Arranger, JSE Debt Sponsor and Sponsor
One Capital

Attorneys to the Issuer, Arranger and Dealer
Bowman Gilfillan Inc.

Dealer
Nedbank Capital

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