Voluntary production update 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 Share code: NPH ISIN: ZAE000298253 JSE Debt issuer code: NHMI ("Northam Holdings" or, together with its subsidiaries, Bond code: NHM015 Bond ISIN: ZAG000164922 "Northam" or the "group") Bond code: NHM016 Bond ISIN: ZAG000167750 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") VOLUNTARY PRODUCTION UPDATE Northam is pleased to report a: - 10.3% increase in total equivalent refined 4E metal production from own operations; and - 10.6% increase in total equivalent refined 4E metal production (including purchased material), for the 30 June 2024 financial year (F2024), compared to the 30 June 2023 financial year (F2023). These production increases arose from ongoing improved operational performance at all operations, underpinned by our long-term growth and diversification strategy and a continued strong focus on pursuing and increasing operational efficiencies. The following key production metrics exceeded guidance: - Concentrate production from own operations at Booysendal. - Total equivalent refined metal production from own operations. - Equivalent refined metal purchased from third parties. - Total metal sold. All other production metrics were within guidance. Key production metrics for F2024 compared to F2023 are as follows: F2024 F2023 oz 4E oz 4E % variance Equivalent refined production from own operations at Zondereinde 328 513 321 901 2.1% (within guidance) Concentrate production from own operations at Booysendal (exceeded 511 340 452 903 12.9% guidance) Concentrate production from own operations at Eland (within guidance) 69 020 48 800 41.4% Total equivalent refined metal production from own operations 892 876 809 775 10.3% (exceeded guidance) Equivalent refined metal purchased from third parties (exceeded 135 409 119 820 13.0% guidance) Total equivalent refined metal production from own operations including 1 028 285 929 595 10.6% refined metal purchased from third parties Total refined metal produced 891 721 846 490 5.3% Refined metal sold 899 377 832 602 8.0% Concentrate sold disclosed as equivalent ounces 50 874 52 745 (3.5%) Total metal sold (exceeded guidance) 950 251 885 347 7.3% Further progress towards achieving the group's strategic goals of growing safe production down the sector cost curve has been made during F2024. Our capital investment program remains on-track, despite temporary pauses to project modules that can be delayed without a detrimental impact to the overall program, as part of the group's focus on cash conservation during the current pricing cycle. Industry challenges remain, particularly in respect of metal prices and mining inflation. However, the combined effect of ongoing and consistent growth in production volumes and increased operational diversification, continues to underpin our defensive position and resilience in the face of the current soft metal price environment. This affirms the long-term contribution of our counter cyclical investments made over the past decade in pursuit of establishing a very competitive production base which is able to withstand potential medium to long-term cyclical downturns. In light of the prevailing pricing weakness and uncertainty surrounding the platinum group metals (PGM) market, Northam remains fully internally focussed and management continues to pursue innovation and operational excellence, particularly regarding safe production, aimed at delivering efficient mining at the right cost. In addition, cash conversion and cash preservation remain key focus areas, ensuring a strong balance sheet to further enhance investor confidence. The current price environment may endure for some time, and this, combined with higher general inflation, continues to exert pressure on the entire PGM sector. Given our UG2 dominant resource base, well-capitalised mining assets and proactive balance sheet management, Northam remains well-positioned and fully prepared to face these industry headwinds, whilst continuing to deliver long-term, sustainable value to investors. This voluntary production report has not been reviewed and reported on by the group's external auditors. Johannesburg 15 July 2024 Corporate Advisor and Sponsor to Northam Holdings One Capital Corporate Advisor and Debt Sponsor to Northam Platinum One Capital Date: 15-07-2024 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.