Listing of new financial instrument – NHM017 NORTHAM PLATINUM LIMITED Incorporated in the Republic of South Africa (Registration number 1977/003282/06) Debt issuer code: NHMI Bond code: NHM017 Bond ISIN: ZAG000167891 (“Northam”) LISTING OF NEW FINANCIAL INSTRUMENT – NHM017 The JSE Limited (“JSE”) has granted approval for the listing of NHM017 Senior Unsecured Floating Rate Notes (“Notes”), under the Northam Platinum Limited ZAR10 000 000 000 Domestic Medium Term Note Programme dated 3 August 2012, as amended and / or supplemented from time to time (“Programme”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 13 May 2020. The details pertaining to NHM017 are as follows: Instrument Type: Senior Unsecured Floating Rate Notes Total Notes in Issue: ZAR5 325 748 994.00 including this issue Instrument Code: NHM017 Nominal Amount: ZAR494 900 000.00 Issue Price: 100% Interest Rate: 3 Month ZAR-JIBAR plus 240 bps, being 6.942% on the first Interest rate Determination Date (3 Month ZAR- JIBAR as at 8 May 2020 of 4.542% plus 240 bps) Interest Rate Determination Date(s): 26 August 2020 and 26 November 2020 (or the first Business Day of each Interest Period), with the first Interest Rate Determination Date being 8 May 2020 Coupon Rate Indicator: Floating Issue Date: 13 May 2020 Interest Commencement Date: 13 May 2020 Maturity Date: 26 February 2021 Final Redemption Amount: 100% of Nominal Amount Last Day to Register: By 17h00 on 15 August 2020, 15 November 2020 and 15 February 2021 or if such day is not a Business Day, the Business Day before each Books Closed Period Books Closed Period: From 16 August 2020 to 25 August 2020, 16 November 2020 to 25 November 2020 and 16 February 2021 to 25 February 2021 (all dates inclusive) or if any early redemption occurs, 10 Days prior to the actual Redemption Date Interest Payment Date(s): 26 August 2020, 26 November 2020 and 26 February 2021 or, if such day is not a Business Day, the Business Day on which interest will be paid, as determined in accordance with the Applicable Business Day Convention ISIN: ZAG000167891 Business Day Convention: Following Business Day Other: The applicable pricing supplement (“APS”) contains additional terms and conditions to the Terms and Conditions as contained in the Programme (“Additional Terms and Conditions”) Summary of Additional Terms and Conditions: The Additional Terms and Conditions pertain to the applicable guarantee and the amendment of Condition 16.1 (Senior Notes) by including additional Events of Default in terms of Condition 16.1.1.9 (Other) of the Terms and Conditions. Investors should refer to Appendix “A” of the APS for full details of the Additional Terms and Conditions, available on Northam’s website: https://www.northam.co.za/downloads/send/96- files/1282-applicable-pricing-supplement-nhm017 The Notes will be immobilised in the Central Securities Depository (CSD) and settlement will take place electronically in terms of JSE Rules. Northam noteholders are referred to the announcement published by the Company on SENS on Monday, 11 May 2020 (the “Announcement”) pertaining to, inter alia, a note switch whereby the maturity dates of certain notes will be extended through a purchase and cancellation of such notes and the simultaneous issue of new notes under the Programme with longer maturity dates, for the same nominal amount, as detailed in the Announcement (the “Note Switch”). The issue and listing of NHM017 pertains to the Note Switch. Johannesburg 12 May 2020 Corporate Advisor and Debt Sponsor to Northam One Capital Sole Arranger, Dealer and Debt Sponsor to Northam in respect of the Notes One Capital Attorneys to Northam, the Arranger and the Dealer in respect of the Notes Bowman Gilfillan Inc. Date: 12-05-2020 05:20:00 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.