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 Listings Requirements (“Listings Requirements”), Northam advises its shareholders of the following dealing by an associate of a director of a major subsidiary of the company: Name of director of major subsidiary Leon Charl van Schalkwyk Name of associate C van Schalkwyk Relationship with director Wife of Mr van Schalkwyk Name of major subsidiary Booysendal Platinum Proprietary Limited Nature of transaction Indirect purchase of shares Class of shares Ordinary shares Date of transaction 27 December 2017 Price per ordinary share Various different trades with the following price information: - volume weighted average price of R48.92; - highest price of R49.00; and - lowest price of R48.90 Total number of ordinary shares 23 572 Value of transaction R1 153 130.14 Nature and extent of director’s interest Indirect beneficial Transaction completed on market Yes Clearance obtained in terms of paragraph 3.66 of the Listings Requirements Yes 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 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 C 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 22 December 2017 Price per preference share R59.00 Total number of preference shares 47 preference shares Value of transaction R2 773.00 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 Listings Requirements Yes Johannesburg 2 January 2018 Sponsor and Debt Sponsor One Capital Date: 02/01/2018 02:40:00 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.