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NORTHAMH:  25,154   +1324 (+5.56%)  29/10/2026 11:14

NORTHAM PLATINUM HOLDINGS LIMITED - Update regarding the process and further cautionary announcement

Release Date: 29/10/2026 07:06
Code(s): NPH NHM021 NHM022 NHM026 NHM027 NHM028 NHM029     PDF:  
Wrap Text
Update regarding the process and further cautionary announcement

NORTHAM PLATINUM HOLDINGS LIMITED                                NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa                     Incorporated in the Republic of South Africa
Registration number: 2020/905346/06                              Registration number: 1977/003282/06
JSE share code: NPH                                              JSE debt issuer code: NHMI
ISIN: ZAE000298253                                               Bond code: NHM021        Bond ISIN: ZAG000181496
(“Northam Holdings” or the “Company” or, together with           Bond code: NHM022        Bond ISIN: ZAG000190133
its subsidiaries, “Northam” or the “Group”)                      Bond code: NHM026        Bond ISIN: ZAG000195942
                                                                 Bond code: NHM027        Bond ISIN: ZAG000216052
                                                                 Bond code: NHM028        Bond ISIN: ZAG000216045
                                                                 Bond code: NHM029        Bond ISIN: ZAG000216037
                                                                 (“Northam Platinum”)

UPDATE REGARDING THE PROCESS AND FURTHER CAUTIONARY ANNOUNCEMENT

Northam shareholders (“Shareholders”) are referred to the announcements published on SENS on 25 August 2026
and 16 September 2026 (collectively, the “Announcements”), wherein, inter alia, the Company advised that it had
initiated a strategic, competitive process to solicit proposals from interested parties regarding one or more potential
transactions (“Process”).

The Company is pleased to advise that the Process has attracted significant interest. To date, the Company has
received expressions of interest to participate in the Process from both South African based and multinational
corporations (well ahead of the 1 December 2026 deadline) and continues to engage with senior executives from other
credible potential Process participants.

The Information Memorandum, which provides a high-level overview of the Group, is now available on the Company’s
website at: https://northam.co.za/downloads?task=download.send&id=1646&catid=190&m=0.

Further Cautionary Announcement

Shareholders are referred to the cautionary announcement contained in the Announcements and are advised to
continue to exercise caution when dealing in Northam securities until a further announcement is made, or the cautionary
announcement is withdrawn.

Paul Dunne, Northam’s CEO, said: “We are pleased with the positive response received since announcing Northam’s
process, both with regards to the size, calibre and number of interested parties, as well as from our shareholders who
have expressed their support for the Company's decision to embark on the process to pursue further shareholder value
creation.”


Johannesburg
29 October 2026

Corporate Advisor and Sponsor to Northam Holdings
One Capital 
 
Corporate Advisor and Debt Sponsor to Northam Platinum
One Capital
 
Attorneys to Northam Holdings and Northam Platinum
Webber Wentzel              


Disclaimer
This announcement does not constitute an offer or invitation to buy, sell or solicit any security or asset in any jurisdiction,
nor an offer, invitation, commitment or obligation by the Company to enter into any negotiations or transaction with any
party. The Company reserves the right, in its sole and unfettered discretion and without providing reasons, to: (i) admit
or refuse to admit any party to the Process; (ii) amend, suspend, extend or terminate the Process or any aspect thereof,
at any time; (iii) terminate one or more party’s participation in the Process at any stage; (iv) engage in discussions or
negotiations with one or more party to the exclusion of others; and/or (v) reject any or all proposals submitted in
connection with the Process, in each case without any liability to any party. No party will, by reason of its reliance on
this announcement, acquire any right, expectation or claim against the Company, One Capital Advisory Proprietary
Limited, or any of their respective shareholders, subsidiaries, affiliates, directors, officers, employees, agents or advisors
(together, the “Relevant Parties”). This announcement may contain forward-looking statements relating to, inter alia,
future strategy, events, expectations, prospects, developments and financial performance. These statements reflect
current views with respect to future events and are subject to certain risks, uncertainties and assumptions. The Relevant
Parties do not guarantee future results, levels of activity, performance or achievements, nor are they under any duty to
update any forward-looking statements. Parties wishing to participate in the Process are responsible for ensuring that
their participation in the Process and conclusion of any potential transaction complies with the laws of their applicable
jurisdictions, and must place reliance on their own independent investigation and evaluation of the Group and any
potential transaction. The Process shall be governed exclusively by the laws of the Republic of South Africa.
Date: 29/10/2026 07:06:00
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