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NORTHAM PLATINUM LIMITED - New R250 million Domestic Medium Term Note Subscription

Release Date: 05/02/2016 16:30
Code(s): NHM     PDF:  
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New R250 million Domestic Medium Term Note Subscription

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

NEW R250 MILLION DOMESTIC MEDIUM TERM NOTE SUBSCRIPTION

Northam is pleased to announce that it has entered into a subscription agreement (“agreement”)
with the Industrial Development Corporation of South Africa Limited (“IDC”) in terms of which the IDC
has agreed to subscribe for new domestic medium term notes (“notes”) to be issued by Northam, in
an amount of R250 million (“proceeds”).

The proceeds will further strengthen Northam’s balance sheet and will be applied to the development
of the company’s Booysendal expansion projects.

Paul Dunne, Northam’s chief executive officer, said:

“Northam is pleased to have the IDC as a funding partner. The confidence shown by the IDC in
Northam is appreciated in light of the current adverse market conditions. This is a significant and
important source of funding for Northam.”

Completion of the Booysendal projects will result in a significant expansion of Northam’s operating
capacity as well as the creation of new employment opportunities.

Pursuant to the agreement, the notes may be issued at Northam’s election until 30 September 2016
and will have a 3 year term and bear a floating rate of 3.9% above the 3 month JIBAR.


Johannesburg
5 February 2016

Corporate Advisor, Sponsor and Debt Sponsor to Northam
One Capital

Notes Arranger and Dealer
One Capital

Legal Advisor to Northam on the Notes
Bowman Gifillan Inc.

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