NORTHAM PLATINUM LIMITED - Successor named at Northam

Successor named at Northam

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


SUCCESSOR NAMED AT NORTHAM

The board of Northam announces the appointment of Mr Paul Dunne as successor to Mr Glyn
Lewis, current Chief Executive Officer (CEO) of Northam. This follows a decision by Mr Lewis to
slightly accelerate his retirement plans as Northam’s CEO. In the best interests of Northam and
in order to ensure a smooth transition, the board is therefore pleased to confirm that Mr Lewis
will remain an employee of Northam until his current employment contract expires on 30 June
2014.

The appointment of Mr Dunne arises from a comprehensive process followed by the board to
timeously find a suitable replacement for Mr Lewis.

Mr Dunne is a former executive director of Impala Platinum Holdings Limited (Implats) who
held responsibility for mining, concentrating and smelting operations at Implats’ Rustenburg
and Marula mines. The board has full confidence in Mr Dunne’s ability to take over from Mr
Lewis and is pleased to have found a highly qualified and experienced replacement for Mr
Lewis.

In order to allow Mr Dunne to effectively fulfil his position as new CEO and to do so as soon as
possible, whilst ensuring a smooth transition with Mr Lewis, Mr Dunne will assume the CEO role
with effect from 1 March 2014.

Mr Lewis joined Northam in 2001 as manager of the Zondereinde division and was appointed as
CEO in 2005. During Mr Lewis’ tenure the geologically challenging and technically difficult
operation at Zondereinde has been placed on a stable and sustainable footing. Decline access
to 2 300 metres below shaft collar is being developed, where new levels to access conformable
Merensky Reef reserves will progressively become available for mining. The Booysendal project
was commissioned on 30 June 2013, on schedule, within budget and is currently being ramped
up to the design capacity of 150 000 tons milled per month.

Northam’s directors express their grateful appreciation to Mr Lewis for his outstanding service
to the company and its stakeholders and especially for pro-actively ensuring that a smooth
transition with Mr Dunne will occur. They wish him well in his future endeavours and they
welcome Mr Dunne as CEO.

Johannesburg
19 February 2014

Sponsor and Debt Sponsor
One Capital

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