NORTHAM PLATINUM HOLDINGS LIMITED - Condensed reviewed interim financial results for the six months ended 31 December 2024 and cash dividend declaration

Condensed reviewed interim financial results for the six months ended 31 December 2024 and cash dividend declaration

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 ISIN: ZAE000298253                        JSE debt issuer code: NHMI
("Northam Holdings" or the "company", together with its       Bond code: NHM016        Bond ISIN: ZAG000167750
subsidiaries, "Northam" or the "group")                       Bond code: NHM021        Bond ISIN: ZAG000181496
                                                              Bond code: NHM022        Bond ISIN: ZAG000190133
                                                              Bond code: NHM023        Bond ISIN: ZAG000190968
                                                              Bond code: NHM025        Bond ISIN: ZAG000195934
                                                              Bond code: NHM026        Bond ISIN: ZAG000195942
                                                              ("Northam Platinum")

CONDENSED REVIEWED INTERIM FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2024 AND CASH DIVIDEND DECLARATION

Shareholders of Northam Holdings ("Shareholders") are hereby advised that the company has today published its
condensed reviewed interim financial results for the six months ended 31 December 2024 ("Interim Results").

Financial results overview

                                                      Six months ended           Six months ended                                                                                                         
                                                      31 December 2024           31 December 2023            Variance
  Sales revenue                        R000                 14 534 271                 14 994 577              (3.1%)
  Operating profit                     R000                  1 083 226                  2 417 200             (55.2%)
  Operating margin                       %                         7.5                       16.1             (53.4%)
  Basic earnings per share             cents                      61.5                      136.5             (54.9%)
  Headline earnings per share          cents                      61.1                      121.4             (49.7%)
  Dividends per share                  cents                      15.0                      100.0             (85.0%)
  EBITDA*                              R000                  1 761 810                  3 170 829             (44.4%)
  EBITDA margin                          %                        12.1                       21.1             (42.7%)
* Earnings before interest, taxation, depreciation and amortisation, and excluding the loss on the sale of Impala Platinum
Holdings Limited shares in respect of the six months ended 31 December 2023.

Cash dividend declaration

For the six months ended 31 December 2024, the board of directors ("board") has resolved to declare and pay an
interim gross cash dividend of 15.0 cents per share (31 December 2023: 100.0 cents per share and for 30 June 2024:
70.0 cents per share), in line with the board approved company dividend policy of 25% of headline earnings, which in
aggregate amounts to an interim gross cash dividend of approximately R59.4 million. The interim gross cash dividend has
been declared from income reserves.

A dividend withholding tax of 20% will be applicable to Shareholders who are not exempt from, or who do not qualify for,
a reduced rate of dividend withholding tax. Accordingly, for those Shareholders subject to dividend withholding tax at a rate
of 20%, the final net cash dividend will amount to 12.0 cents per share (31 December 2023: 80.0 cents per share and
30 June 2024: 56.0 cents per share).

The following dates are applicable to the interim cash dividend:

 Last day to trade (cum dividend), on                                                            Monday, 17 March 2025
 Trading ex-dividend, on                                                                        Tuesday, 18 March 2025
 Record date to determine which Shareholders are eligible to receive the dividend, on          Thursday, 20 March 2025
 Payment date of the dividend, on                                                                Monday, 24 March 2025

Shareholders may not dematerialise or rematerialise their Northam Holdings shares between Tuesday, 18 March 2025 and
Thursday, 20 March 2025, both days inclusive.

The following additional information is disclosed regarding the interim cash dividend:

•   Northam Holdings' issued share capital as at the date of this announcement is 396 238 229 ordinary shares (of which
    1 share is held by Northam Platinum, a subsidiary of Northam Holdings)
•   Northam Holdings' registration number is 2020/905346/06
•   Northam Holdings' income tax reference number is 9586451198

About this announcement

This announcement is the responsibility of the board and contains information extracted from the Interim Results.

As the information in this announcement does not provide all of the details, any investment decisions should be based on
the published condensed reviewed interim financial results for the six months ended 31 December 2024 (which incorporates
the external auditor's report in which PricewaterhouseCoopers Incorporated expressed an unmodified review conclusion)
accessible via the JSE cloudlink at: https://senspdf.jse.co.za/documents/2025/JSE/ISSE/NPHE/Interim_25.pdf and on the
company's website at: https://www.northam.co.za/downloads?task=download.send&id=1590&catid=183&m=0.


Johannesburg
28 February 2025

Corporate Advisor and Sponsor to Northam Holdings                           
One Capital

Corporate Advisor and Debt Sponsor to Northam Platinum
One Capital
Date: 28-02-2025 07:05:00
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