Posting Of Northam Claw-Back Rights Offer Circular NORTHAM PLATINUM LIMITED Incorporated in the Republic of South Africa (Registration number 1977/003282/06) Share code: NHM Debt issuer code: NHMI ISIN code: ZAE000030912 Letters of allocation share code: NHMN Letters of allocation ISIN: ZAE000184164 (“Northam” or “company”) POSTING OF NORTHAM CLAW-BACK RIGHTS OFFER CIRCULAR Northam shareholders are referred to the finalisation announcement released on SENS on 1 November 2013 and published in the press on 4 November 2013, regarding the fully subscribed R600 million renounceable claw-back rights offer (“offer”), in terms of which 15 million new Northam ordinary shares (“claw-back shares”) will be offered to shareholders at a subscription price of R40 per claw-back share. Shareholders are advised that the offer opened today and that the circular providing details of the offer ("circular”) and a form of instruction, where applicable, was posted today. An electronic version of the circular is available on the Northam website at www.northam.co.za Shareholders who hold Northam ordinary shares in certificated form are requested to contact the company’s transfer secretaries with any queries regarding the forms of instruction issued in respect of letters of allocation relating to the offer. Johannesburg 18 November 2013 Sole Corporate and Debt Advisor, Sole Bookrunner, JSE Sponsor and JSE Debt Sponsor One Capital Attorneys Cliffe Dekker Hofmeyr Incorporated Transfer Secretaries Computershare Investor Services Proprietary Limited Date: 18/11/2013 07:05:00 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.