NORTHAM PLATINUM LIMITED - Trading statement

Trading statement

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: NHM006       Bond ISIN: ZAG000158577
Bond code: NHM007       Bond ISIN: ZAG000158593
Bond code: NHM008       Bond ISIN: ZAG000158858
Bond code: NHM009       Bond ISIN: ZAG000158866
Bond code: NHM010       Bond ISIN: ZAG000159229
Bond code: NHM011       Bond ISIN: ZAG000159237
Bond code: NHM012       Bond ISIN: ZAG000160136
(“Northam”)

TRADING STATEMENT

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to publish
a trading statement as soon as they are satisfied, with a reasonable degree of certainty, that the financial
results for the current reporting period will differ by at least 20% from the financial results of the previous
corresponding period.

Northam expects to achieve a record operating profit for the financial year ended 30 June 2019,
underpinned by a solid operating performance at both operations, well contained unit cash costs and a
higher basket price received. The group achieved a record production from own operations amounting to
519 954 4E oz, representing a 7.4% increase from F2018. Sales volumes increased by 23.3% to
583 069 4E oz.

F2019 financial highlights

                                                     F2019                     F2018      Percentage movement
 Revenue                                     R10.6 billion              R7.6 billion                    41.0%
 Operating profit                             R2.4 billion            R823.3 million                   192.7%
 Basic earnings per share                16.2 - 18.2 cents             (201.5) cents          108.0% - 109.0%
 Headline earnings per share             14.8 - 16.8 cents             (200.5) cents          107.4% - 108.4%
 Number of shares in issue                     509 781 212               509 781 212                      N/A
 Weighted average number
 of shares                                     349 875 759               349 875 759                      N/A


The group expects normalised headline earnings, defined as headline earnings adjusted for the impact of
Northam’s black economic empowerment transaction, to be in excess of R1.3 billion, representing an
increase in excess of 220% from F2018. This is the group’s main measure of financial performance.

The number of shares in issue remains unchanged at 509 781 212 (F2018: 509 781 212). The weighted
average number of shares in issue for the year ended 30 June 2019 also remains unchanged at
349 875 759 (F2018: 349 875 759 shares), which is used to calculate basic and headline earnings per
share.

The financial information contained in this announcement has not been reviewed or reported on by
Northam’s auditors. The condensed results for the year ended 30 June 2019 are expected to be published
on or about 23 August 2019.


Johannesburg
12 August 2019

Sponsor and Debt Sponsor
One Capital

Date: 12/08/2019 05:00:00
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