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NORTHAM PLATINUM LIMITED - Amandelbult resource acquisition becomes unconditional and conclusion of the Pandora Joint Venture disposal

Release Date: 13/12/2017 15:05
Code(s): NHM NHM002 NHM003     PDF:  
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Amandelbult resource acquisition becomes unconditional and conclusion of the Pandora Joint Venture disposal

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”)


AMANDELBULT RESOURCE ACQUISITION BECOMES UNCONDITIONAL AND CONCLUSION OF
THE PANDORA JOINT VENTURE DISPOSAL


Amandelbult resource acquisition

Northam shareholders (“shareholders”) are referred to the announcement published on SENS on
11 October 2016 in respect of the acquisition by Northam of a portion of the Amandelbult mining right,
contiguous with the north western boundary of Northam’s Zondereinde mine, for a cash consideration of
R1 billion (the “Amandelbult transaction”). Shareholders are further referred to the announcement
published on SENS on 25 August 2017 informing shareholders that consent from the Minister of Mineral
Resources in terms of section 102 of the Mineral and Petroleum Resources Development Act, No. 28 of
2002 for the Amandelbult transaction had been received.

Northam is pleased to announce that the Amandelbult transaction has subsequently become unconditional
and the transfer of the mining right was executed on 6 December 2017.


Pandora joint venture disposal

In addition, shareholders are referred to the announcement published on SENS on 15 May 2017 in respect
of the disposal of Northam’s 7.5% participation interest in the Pandora joint venture (“Disposal”).
Shareholders are hereby advised that the Disposal was concluded on 1 December 2017.


Paul Dunne, Northam’s Chief Executive Officer, said “Northam is pleased to have concluded the
Amandelbult transaction, providing immediate access to a high quality resource that secures strategic
flexibility, optionality and longevity at Zondereinde.”


Johannesburg
13 December 2017


Corporate Advisor, Sponsor and Debt Sponsor: One Capital


Attorneys: Cliffe Dekker Hofmeyr Inc.

Date: 13/12/2017 03:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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