Northam refinances its five-year R3.5 billion RCF and increases its R2 billion DMTN programme limit to R5 billion 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”) NORTHAM REFINANCES ITS FIVE YEAR R3.5 BILLION REVOLVING CREDIT FACILITY AND INCREASES ITS R2 BILLION DOMESTIC MEDIUM TERM NOTE PROGRAMME LIMIT TO R5 BILLION Northam is pleased to announce that it has concluded definitive agreements in terms of which its existing five year R3.5 billion revolving credit facility (“RCF”) will be refinanced on more favourable terms and the maturity date will be extended from November 2021 to August 2024. The interest rate on the previous RCF was JIBAR plus 3.3% whereas the effective interest rate on the new RCF ranges between JIBAR plus 2.2% (at the lower end of utilisation) and JIBAR plus 2.6% (at the upper end of utilisation, including full utilisation). In addition, the interest rate on Northam’s R500 million general banking facility (“GBF”) will reduce from prime less 1.5% to prime less 1.75%. The lower interest rate on the RCF and GBF will reduce Northam’s weighted average cost of debt. Northam further advises that the board of directors has approved an increase in the limit stipulated in Northam’s Domestic Medium Term Note Programme (“DMTN Programme”), dated 3 August 2012, from R2 billion to R5 billion. This increase will provide Northam with increased funding flexibility. Northam currently has R1.825 billion of notes in issue under the DMTN Programme. Paul Dunne, Northam’s Chief Executive, said “The new RCF and GBF terms reflect improved lender confidence in Northam, underpinned by Northam’s operational performance and project execution. Northam’s cost of debt will be reduced and the combination of the new facilities and increased DMTN Programme will provide Northam with increased funding flexibility in support of Northam’s significant and continued growth”. Johannesburg 22 August 2019 Corporate Advisor, Sponsor and Debt Sponsor to Northam One Capital Attorneys to Northam in respect of the RCF and GBF Cliffe Dekker Hofmeyr Inc. Sole Mandated Lead Arranger, Original Lender and Facility Agent in respect of the RCF and GBF Nedbank Limited (acting through its Nedbank Corporate and Investment Banking division) Sole Arranger and Dealer to Northam in respect of the DMTN Programme One Capital Legal Advisors to Northam, the Arranger and the Dealer in respect of the DMTN Programme Bowman Gilfillan Inc. Date: 22/08/2019 05:00:00 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.