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”) 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 3 March 2017 Nature of transaction Exercise of options, paid out as appreciation cash, in terms of the Northam Share Option Scheme. These options vested on 18 October 2010 and Mr Khumalo is required to exercise these options, on or before 17 October 2017, failing which they will lapse. Class of securities Appreciation cash in respect of ordinary shares Number of options 62 500 options and 2 450 claw back options Price at which options were granted R46.57 for the options and R40.00 for the claw back options Price at which options were exercised R54.91 Value of transaction R557 779.50 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 broad-based economic empowerment 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 dealing by an associate of a director of a major subsidiary of the company and of Zambezi Platinum: Name of director of major subsidiary Leon Charl van Schalkwyk Name of associate Cornel van Schalkwyk Relationship with director Wife of Mr van Schalkwyk Name of major subsidiary Booysendal Platinum Proprietary Limited Nature of transaction Indirect purchase of preference shares Class of shares Preference shares Date of transaction 7 March 2017 Price per preference share Various different trades with the following price information: - volume weighted average price of R52.96; - highest price of R53.00; and - lowest price of R52.20 Total number of preference shares 52 374 preference shares Value of transaction R2 773 742.00 Nature and extent of director’s interest Indirect 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 Yes JSE Listings Requirements Johannesburg 8 March 2017 Sponsor and Debt Sponsor One Capital Date: 08/03/2017 01:00:00 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.