12 Aug - 2 min read

Northam’s Zondereinde mine concludes a five-year wage agreement

Northam’s Zondereinde mine concludes a five-year wage agreement

Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Share code: NHM ISIN: ZAE000030912
Debt issuer code: NHMI
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: NHM014       Bond ISIN: ZAG000163650
Bond code: NHM015       Bond ISIN: ZAG000164922
Bond code: NHM016       Bond ISIN: ZAG000167750
Bond code: NHM018       Bond ISIN: ZAG000168097
Bond code: NHM019       Bond ISIN: ZAG000168105
Bond code: NHM020       Bond ISIN: ZAG000172594

Northam’s Zondereinde mine concludes a five-year wage agreement

Northam is pleased to advise that wage negotiations at its Zondereinde mine (“Zondereinde”) with the
representative union, the National Union of Mineworkers (“NUM”), have been concluded.

The wage agreement is effective from 1 July 2021 and assures Zondereinde employees of increases
to all major components of remuneration over the next five years. The agreement is aligned with industry
settlements and takes into consideration the reality of inflationary pressures faced by our employees.

The wage agreement secures five years of stability at Zondereinde and has been achieved through a
collaborative, respectful and constructive engagement process between Northam and NUM, without
requiring intervention or mediation by third parties. The agreement provides both Northam and our
Zondereinde employees with certainty and allows a singular focus on the pursuit of safe and sustainable

Paul Dunne, Northam’s chief executive officer, said: “We appreciate the mature and constructive
manner in which the wage agreement has been concluded and recognise the positive impact on the
sustainability of Northam’s operations.”

12 August 2021

Sponsor and Debt Sponsor
One Capital

Date: 12-08-2021 09:11:00
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