NORTHAM PLATINUM LIMITED - Northam secures new R1.5 billion revolving credit facility

Northam secures new R1.5 billion revolving credit facility

NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Share code: NHM ISIN: ZAE000030912
Debt issuer code: NHMI
Bond code: NHM002       Bond ISIN: ZAG000129024
Bond code: NHM003       Bond ISIN: ZAG000129032
(“Northam” or the “company”)


NORTHAM SECURES NEW R1.5 BILLION REVOLVING CREDIT FACILITY


Northam is pleased to advise shareholders that it has secured a new R1.5 billion five-year revolving credit facility
to replace its existing R1.0 billion revolving credit facility which matures in November 2016.

The new facility further strengthens Northam’s balance sheet capability in support of the group’s key strategic
initiatives, including the development of the Booysendal expansion projects. Together with existing cash
reserves, the new facility provides Northam with increased financial flexibility, ensuring that the group’s growth
initiatives remain fully funded in the medium-term.

The salient terms of the new facility are as follows:

   -   Five-year senior unsecured revolving credit facility.
   -   Facility limit of R1.0 billion for the first 18 months from inception, whereafter the new facility limit
        automatically increases to R1.5 billion for the remainder of the five year period.
   -   Voluntary prepayments and redraws are permitted.
   -   Other terms, conditions and covenants are typical for a facility of this nature.

Paul Dunne, Northam’s Chief Executive Officer, said “the new and increased long-term revolving credit facility,
combined with Northam’s DMTN Programme and the equity raised in our empowerment transaction with Zambezi
Platinum (RF) Limited, gives the company significant long-term balance sheet certainty and flexibility. Northam
is well placed to pursue its strategic growth projects and to implement sound long-term strategies.”


Johannesburg
4 August 2016


Corporate Advisor, JSE Sponsor and Debt Sponsor to Northam
One Capital

Legal advisors to Northam
Cliffe Dekker Hofmeyr Inc

Mandated lead arranger, original lender and facility agent
Nedbank Limited (acting through its Corporate and Investment Banking division)

Legal advisors to Nedbank
Allen & Overy (South Africa) LLP

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