Partial capital redemption – NHM002, NHM006, NHM007, NHM009, NHM011, and NHM014 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: NHM009 Bond ISIN: ZAG000158866 Bond code: NHM011 Bond ISIN: ZAG000159237 Bond code: NHM012 Bond ISIN: ZAG000160136 Bond code: NHM013 Bond ISIN: ZAG000162181 Bond code: NHM014 Bond ISIN: ZAG000163650 Bond code: NHM015 Bond ISIN: ZAG000164922 Bond code: NHM016 Bond ISIN: ZAG000167750 Bond code: NHM017 Bond ISIN: ZAG000167891 Bond code: NHM018 Bond ISIN: ZAG000168097 Bond code: NHM019 Bond ISIN: ZAG000168105 (“Northam” or the “Company”) PARTIAL CAPITAL REDEMPTION – NHM002, NHM006, NHM007, NHM009, NHM011, AND NHM014 Northam noteholders are hereby advised, in accordance with the Terms and Conditions of 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) (the “Programme”), of the reduction in the nominal amount of notes in bond series NHM002, NHM006, NHM007, NHM009, NHM011 and NHM014 (the “Notes”), guaranteed by Booysendal Platinum Proprietary Limited, by an aggregate amount of R921.3 million (the “Purchased Notes”), on 25 May 2020. Details pertaining to the Purchased Notes: Bond Code: NHM002 ISIN: ZAG000129024 Reduction in the nominal amount of the relevant Notes: R173 600 000.00 Remaining nominal amount of the relevant Notes in issue: R1 400 000.00 Bond Code: NHM006 ISIN: ZAG000158577 Reduction in the nominal amount of the relevant Notes: R97 700 000.00 Remaining nominal amount of the relevant Notes in issue: R123 392 998.00 Bond Code: NHM007 ISIN: ZAG000158593 Reduction in the nominal amount of the relevant Notes: R100 000 000.00 Remaining nominal amount of the relevant Notes in issue: R141 185 996.00 Bond Code: NHM009 ISIN: ZAG000158866 Reduction in the nominal amount of the relevant Notes: R100 000 000.00 Remaining nominal amount of the relevant Notes in issue: R150 000 000.00 Bond Code: NHM011 ISIN: ZAG000159237 Reduction in the nominal amount of the relevant Notes: R50 000 000.00 Remaining nominal amount of the relevant Notes in issue: R173 000 000.00 Bond Code: NHM014 ISIN: ZAG000163650 Reduction in the nominal amount of the relevant Notes: R400 000 000.00 Remaining nominal amount of the relevant Notes in issue: R2 220 000 000.00 The reduction in the nominal amount of the Notes was effected through the purchase by Northam of the Purchased Notes in the market and the surrender by Northam of the Purchased Notes to the Transfer Agent under the Programme for cancellation thereof on 25 May 2020. 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 purchase and cancellation of the Purchased Notes pertains to the Note Switch. Johannesburg 25 May 2020 Corporate Advisor and JSE 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: 25-05-2020 05:13:00 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.