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Trading statement and trading update - NHM, NHM002, NHM003
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 AND TRADING UPDATE
Shareholders are advised that the group’s loss per share for the year ended 30 June 2017 is estimated to
range between 167.8 cents per share and 196.0 cents per share and the headline loss per share is
estimated to range between 167.3 cents per share and 196.3 cents per share, compared with the loss per
share of 145.3 cents and headline loss per share of 140.9 cents reported for the year ended 30 June 2016.
The aforementioned ranges expressed in percentage terms, are, in respect of a loss per share, an increase
of between 15% and 35% per share and, in respect of headline earnings per share, an increase of 19% and
39% per share.
The anticipated loss is attributable to the higher Zambezi Platinum (RF) Limited (“Zambezi”) preference
share dividends, which are consolidated in the group’s results in terms of the International Financial
Reporting Standards. 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 in terms of
the Northam guarantee and that the accrued dividends are consolidated into the Northam results as a
non-cash item for Northam.
Despite difficult economic circumstances during the reporting period, both of the group’s operating
mines, Zondereinde and Booysendal, are expected to record an operating profit. The group’s total
operating profit is estimated to be higher than the previous year, owing to an improved operational
performance and well contained unit costs.
The weighted average number of Northam shares in issue for the year ended 30 June 2017 was
349 875 759 (30 June 2016: 349 875 759 shares).
The information on which this trading statement and trading update is based has not been reviewed or
reported on by the group’s auditors. The audited results for the year ended 30 June 2017 are anticipated
to be published on or about 25 August 2017.
Johannesburg
15 August 2017
Sponsor and Debt Sponsor
One Capital
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