Dealings in securities 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” or the “group”) DEALINGS IN SECURITIES Northam shareholders (“shareholders”) are advised that the company has made awards in accordance with the terms of the Northam Share Incentive Plan (“SIP”). These include the award of conditional shares relating to Northam’s BEE transaction (“BEE SIP Awards”), which awards were specifically approved by shareholders at the annual general meeting held on 9 November 2016. The BEE SIP Awards have been carved out of the existing total SIP allocation limit previously approved by shareholders on 5 November 2014, therefore the total SIP allocation limit has not been increased as a result of the BEE SIP Awards. In compliance with paragraph 3.63 of the JSE Limited Listings Requirements (“JSE Listings Requirements”), the dealings by directors of the company, directors of major subsidiaries and the company secretary are as follows: Name of director Paul Anthony Dunne Date of award acceptance 18 November 2016 Nature of transaction Acceptance of awards in relation to Northam ordinary shares (“shares”) in terms of the SIP Class of securities Awards in terms of the SIP Total number of shares covered by the 170 100 awards (42 900 retention shares with no performance conditions) (127 200 performance shares with performance conditions) Vesting date 100% of the retention shares and depending on achievement of the performance conditions, between nil to 135% of the performance shares on 8 November 2019 Strike price R nil Value of transaction - 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 Listings Yes Requirements Designation of director Chief Executive Officer Name of director Paul Anthony Dunne Date of award acceptance 18 November 2016 Nature of transaction Acceptance of awards in relation to shares in terms of the SIP Class of securities Awards in terms of the SIP Total number of shares covered by the 1 500 000 BEE SIP Awards with performance awards conditions Vesting 100% of the BEE SIP Awards on achievement of the performance conditions by 18 May 2025 Vesting date 30 business days after the date on which the performance conditions are achieved Strike price R nil Value of transaction - 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 Listings Yes Requirements Name of director Ayanda Zemini Khumalo Date of award acceptance 18 November 2016 Nature of transaction Acceptance of awards in relation to shares in terms of the SIP Class of securities Awards in terms of the SIP Total number of shares covered by the 82 900 awards (20 900 retention shares with no performance conditions) (62 000 performance shares with performance conditions) Vesting date 100% of the retention shares and depending on targets met in terms of the performance conditions, between nil to 135% of the performance shares on 8 November 2019 Strike price R nil Value of transaction - 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 Listings Yes Requirements Designation of director Chief Financial Officer Name of director Ayanda Zemini Khumalo Date of award acceptance 18 November 2016 Nature of transaction Acceptance of awards in relation to shares in terms of the SIP Class of securities Awards in terms of the SIP Total number of shares covered by the 700 000 BEE SIP Awards with performance conditions awards Vesting 100% of the BEE SIP Awards on achievement of the performance conditions by 18 May 2025 Vesting date 30 business days after the date on which the performance conditions are achieved Strike price R nil Value of transaction - 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 Listings Yes Requirements Name of director of major subsidiary Leon Charl van Schalkwyk Name of major subsidiary Booysendal Platinum Proprietary Limited Date of award acceptance 18 November 2016 Nature of transaction Acceptance of awards in relation to shares in terms of the SIP Class of securities Awards in terms of the SIP Total number of shares covered by the 59 200 awards (14 900 retention shares with no performance conditions) (44 300 performance shares with performance conditions) Vesting date 100% of the retention shares and depending on targets met in terms of the performance conditions, between nil to 135% of the performance shares on 8 November 2019 Strike price R nil Value of transaction - 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 Listings Yes Requirements Designation of director of major subsidiary Chief Commercial Officer Name of director of major subsidiary Leon Charl van Schalkwyk Name of major subsidiary Booysendal Platinum Proprietary Limited Date of award acceptance 18 November 2016 Nature of transaction Acceptance of award in relation to shares in terms of the SIP Class of securities Awards in terms of the SIP Total number of shares covered by the 500 000 BEE SIP Awards with performance awards conditions Vesting 100% of the BEE SIP Awards on achievement of the performance conditions by 18 May 2025 Vesting date 30 business days after the date on which the performance conditions are achieved Strike price R nil Value of transaction - Nature and extent of director’s interest Direct beneficial Transaction completed on market No Clearance obtained in terms of paragraph Yes 3.66 of the JSE Listings Requirements Name of company secretary Patricia Beatrice Beale Date of award acceptance 18 November 2016 Nature of transaction Acceptance of awards in relation to shares in terms of the SIP Class of securities Awards in terms of the SIP Total number of shares covered by the 21 000 awards (5 300 retention shares with no performance conditions) (15 700 performance shares with performance conditions) Vesting date 100% of the retention shares and depending on targets met in terms of the performance conditions, between nil to 135% of the performance shares on 8 November 2019 Strike price R nil Value of transaction - Nature and extent of interest Direct beneficial Transaction completed on market No Clearance obtained in terms of paragraph Yes 3.66 of the JSE Listings Requirements Johannesburg 22 November 2016 Sponsor and Debt Sponsor - One Capital Date: 22/11/2016 05:45:00 Produced by the JSE SENS Department. 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