Trading Statement 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 “group”) Trading statement Shareholders are advised that the group’s loss per share for the year ended 30 June 2016 is estimated to range between 158.60 cents per share and 132.20 cents per share and the headline loss per share is estimated to range between 152.20 cents per share and 131.90 cents per share, compared with the loss per share of 264.30 cents and headline loss per share of 202.90 cents reported for the year ended 30 June 2015. The aforementioned range expressed in percentage terms is an increase in earnings per share of between 40% and 50% and headline earnings per share of between 25% and 35%. The anticipated loss is attributable to the higher Zambezi Platinum (RF) Limited (“Zambezi”) preference share dividends consolidated in the group’s results compared to the previous year. In line with International Financial Reporting Standards, Zambezi’s results are consolidated into the Northam group results, as a result of it having effective control over Zambezi. The Zambezi preference shares accrue dividends at a cumulative variable dividend of 3.5% over the prime overdraft interest rate in South Africa. Shareholders are reminded that 159,905,453 Northam shares are held for settlement of the Zambezi preference share liability and that the accrued dividends consolidated into the Northam results are a non-cash item for Northam. The group’s platinum group metal production was substantially higher year on year with both Zondereinde mine and Booysendal mine recording an operating profit. However, the group’s total operating profit was between 30% and 40% lower than the previous comparable year owing to a lower average basket price achieved. The weighted average number of shares in issue for the year ended 30 June 2016 was 349,875,759 (F2015: 391,834,708). The information contained in this trading statement has not been reviewed or reported on by the group’s auditors, Ernst & Young Inc. The preliminary results for the year ended 30 June 2016 are anticipated to be released on or about 26 August 2016. Sponsor and Debt Sponsor One Capital Johannesburg 17 August 2016 Date: 17/08/2016 10:00:00 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.