Dealings in securities NORTHAM PLATINUM LIMITED Incorporated in the Republic of South Africa (Registration number 1977/003282/06) Share code: NHM ISIN code: ZAE000030912 (“Northam” or the “company”) DEALINGS IN SECURITIES In compliance with paragraphs 3.63 to 3.66 of the JSE Limited (“JSE”) Listings Requirements, Northam advises its shareholders of the following dealing by a director of the company: Exercise of Northam options Name of director Ayanda Zemini Khumalo Date of transaction 9 March 2016 Nature of transaction Exercise of options, paid out as Appreciation Cash, in terms of the Northam Share Option Scheme. These options did vest on 1 July 2012 and Mr Khumalo is required to exercise these options, on or before 30 June 2017, failing which they will lapse. Class of securities Appreciation Cash in respect of ordinary shares. Number of options 125,000 options and 4,901 claw back options Price at which options were granted R45.59 and R40.00 for the claw back options Price at which options were exercised R48.40 Value of transaction R392,418.40 Nature and extent of director’s interest Direct beneficial Transaction completed on market No Clearance obtained in terms of paragraph 3.66 of the JSE Yes Listings Requirements Purchase of Zambezi Platinum (RF) Limited (“Zambezi Platinum”) preference shares (“preference shares”) In terms of the Northam BEE transaction implemented on 18 May 2015, Zambezi Platinum holds ordinary shares in Northam. Pursuant to the preference share terms, Zambezi Platinum is entitled to elect to settle the preference share redemption amount in cash, Northam ordinary shares or a combination thereof. Accordingly, in compliance with paragraphs 3.63 to 3.66 of the JSE Listings Requirements, Northam advises its shareholders of the following dealings by a director of the company and of Zambezi Platinum: Name of director Ayanda Zemini Khumalo Nature of transactions Direct purchase of preference shares Class of shares Preference shares Transaction 1 Date of transaction 11 March 2016 Price per preference share R43.50 Total number of preference shares 25 preference shares Value of transaction R1,087.50 Nature and extent of director’s interest Direct beneficial interest in Zambezi Platinum resulting in an indirect exposure to Northam ordinary shares Transaction completed on market Yes Clearance obtained in terms of paragraph 3.66 of the JSE Yes Listings Requirements Transaction 2 Date of transaction 14 March 2016 Price per preference share R44.50 Total number of preference shares 475 preference shares Value of transaction R21,137.50 Nature and extent of director’s interest Direct beneficial interest in Zambezi Platinum resulting in an indirect exposure to Northam ordinary shares Transaction completed on market Yes Clearance obtained in terms of paragraph 3.66 of the JSE Yes Listings Requirements Johannesburg 15 March 2016 Sponsor and Debt Sponsor One Capital Date: 15/03/2016 12:35:00 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.