NORTHAM PLATINUM LIMITED - Industrial action at Northams Zondereinde Mine Update 4

Industrial action at Northam’s Zondereinde Mine – Update 4

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
(“Northam” or “the company”)

INDUSTRIAL ACTION AT NORTHAM’S ZONDEREINDE MINE – UPDATE 4

Discussions continue between management and NUM leadership


Northam Platinum Limited advises that the situation at the company’s Zondereinde Mine remains
unchanged while management continues to engage with the National Union of Mineworkers (NUM) in a
bid to normalise operations as soon as possible.


Strike action led by the NUM started with the night shift on Tuesday 13 January 2015. Following
employees’ failure to return to work, in contravention of the terms of a Labour Court interdict, management
temporarily suspended operations at the mine amidst rising tension amongst striking and non-striking
employees. Effectively, operations have been suspended since Friday, 16 January 2015 in the interests of
securing the safety and security of employees and company property.


Essential services employees continue to report for duty as per existing agreements while smelter
operations continue.


The ongoing strike action results in production losses of around 1 000oz of PGMs per day, equating to
revenue of R11.5 million per day. Employees forfeit wages and benefits in the order of R2.4 million per
day.




Johannesburg
19 January 2015

Sponsor
One Capital

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