Notification in terms of section 122(3)(b) of the Companies Act and section 3.83(b) JSE Listings Requirements NORTHAM PLATINUM LIMITED Incorporated in the Republic of South Africa (Registration number 1977/003282/06) JSE share code: NHM ISIN code: ZAE000030912 Debt issuer code: NHMI ISIN code: ZAG000099524 (“Northam”) NOTIFICATION IN TERMS OF SECTION 122(3)(b) OF THE COMPANIES ACT, NO. 71 OF 2008 (THE "ACT") AND SECTION 3.83(b) OF THE JSE LIMITED LISTINGS REQUIREMENTS (“JSE LISTING REQUIREMENTS”) Shareholders are referred to the Northam circular dated 17 February 2015 and the Northam offer circular dated 21 April 2015 relating to Northam’s fully funded R6.6 billion, 10 year secured broad- based black economic empowerment transaction (the “BEE Transaction”). Pursuant to the BEE Transaction, and in accordance with Section 122(3)(b) of the Act and paragraph 3.83(b) of the JSE Listings Requirements, shareholders are advised of the following: - the Public Investment Corporation SOC Ltd. (''PIC'') has disposed of shares in Northam, and the total interest held by the PIC now amounts to 4.8% of the total issued share capital of Northam; and - Zambezi Platinum (RF) Ltd (“Zambezi Platinum”) has acquired shares in Northam, and the total interest held by Zambezi Platinum amounts to 31.4% of the total issued share capital of Northam. Northam will file the relevant notices with the Takeover Regulation Panel, as required in terms of section 122(3)(a) of the Act. Johannesburg 20 May 2015 Sponsor and Debt Sponsor One Capital Date: 20/05/2015 05:13:00 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.