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Share code: NHM                                                                 
ISIN code: ZAE000030912                                                         
The management of Northam Platinum Limited is pleased to advise that its on-mine
smelter has been successfully commissioned, on schedule, following the planned  
smelter shutdown and furnace rebuild which commenced at the beginning of the    
calendar year.                                                                  
JOHANNESBURG                                                                    
25 March 2003

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