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. Date: 05/02/2016 04:30:00 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.