Update regarding the composite transaction – Competition Tribunal approval NORTHAM PLATINUM LIMITED NORTHAM PLATINUM HOLDINGS LIMITED Incorporated in the Republic of South Africa Incorporated in the Republic of South Africa (Registration number 1977/003282/06) (Registration number 2020/905346/06) Share code: NHM ISIN: ZAE000030912 Share code: NPH ISIN: ZAE000298253 Debt issuer code: NHMI (“Northam Holdings”) Bond code: NHM007 Bond ISIN: ZAG000158593 Bond code: NHM009 Bond ISIN: ZAG000158866 Bond code: NHM011 Bond ISIN: ZAG000159237 Bond code: NHM012 Bond ISIN: ZAG000160136 Bond code: NHM014 Bond ISIN: ZAG000163650 Bond code: NHM015 Bond ISIN: ZAG000164922 Bond code: NHM016 Bond ISIN: ZAG000167750 Bond code: NHM018 Bond ISIN: ZAG000168097 Bond code: NHM019 Bond ISIN: ZAG000168105 Bond code: NHM020 Bond ISIN: ZAG000172594 (“Northam”) UPDATE REGARDING THE COMPOSITE TRANSACTION – COMPETITION TRIBUNAL APPROVAL Unless otherwise defined herein, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in the combined circular to shareholders of Northam (“Shareholders”) accompanied by the prospectus in respect of Northam Holdings, dated Monday, 31 May 2021 (collectively, the “Scheme Documents”). 1. INTRODUCTION Shareholders are referred to the Scheme Documents as well as the combined announcements published by Northam and Northam Holdings on SENS on Tuesday, 23 March 2021, Monday, 31 May 2021, Monday, 21 June 2021 and Wednesday, 30 June 2021 as well as the announcement published by Northam on Friday, 11 June 2021 pertaining to the Composite Transaction. 2. UPDATE REGARDING THE COMPOSITE TRANSACTION Northam is pleased to advise Shareholders that on Monday, 5 July 2021, the Competition Tribunal of South Africa unconditionally approved the merger of Northam and Northam Holdings pursuant to the Composite Transaction. Implementation of the Composite Transaction remains subject to the fulfilment or waiver of the remaining Zambezi Scheme Conditions, Transaction Conditions and Extended BEE Transaction Conditions. A further announcement will be published in due course wherein Shareholders will be provided with an update on the revised salient dates and times pertaining to the Composite Transaction, to the extent required. To obtain a thorough understanding of the Composite Transaction, Shareholders are advised to refer to the full terms and conditions pertaining thereto, as set out in the Scheme Documents. 3. THE INDEPENDENT BOARD AND NORTHAM BOARD RESPONSIBILITY STATEMENT The Independent Board and Northam Board (to the extent that the information relates to Northam) collectively and individually accept responsibility for the information contained in this announcement and certify that, to the best of their knowledge and belief, the information contained in this announcement relating to Northam is true and this announcement does not omit anything that is likely to affect the importance of such information. 4. NORTHAM HOLDINGS BOARD RESPONSIBILITY STATEMENT The Northam Holdings Board (to the extent that the information relates to Northam Holdings) accepts responsibility for the information contained in this announcement and certifies that, to the best of their knowledge and belief, the information contained in this announcement relating to Northam Holdings is true and this announcement does not omit anything that is likely to affect the importance of such information. Paul Dunne, Northam’s Chief Executive Officer, commented “The Competition Tribunal approval represents a significant step in the process of executing on our shareholders’ mandate to implement the composite transaction. The next key step will be to obtain the relevant Zambezi shareholder approvals on 20 July 2021 and we are pleased with the high level of commitments in place from both Zambezi preference shareholders and Zambezi ordinary shareholders.” Johannesburg 6 July 2021 Corporate advisor to Northam and Northam Holdings One Capital Advisory Proprietary Limited Equity Sponsor, Debt Sponsor and Transaction Sponsor to Northam and Equity Sponsor and Transaction Sponsor to Northam Holdings One Capital Sponsor Services Proprietary Limited Attorneys to Northam and Northam Holdings Webber Wentzel Independent Sponsor to Northam and Northam Holdings Deloitte & Touche Sponsor Services Proprietary Limited Foreign Shareholders are referred to the disclaimer in the Announcement which applies to this announcement. Date: 06-07-2021 09:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 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