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Fri 31 Mar 2006, 15:47 Northam Platinum Limited - Exercise Of Options By
NHM
 NHM                                                                             
Northam Platinum Limited - Exercise Of Options By A Director                    
NORTHAM PLATINUM LIMITED                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1977/003282/06)                                            
JSE code: NHM                                                                   
ISIN code: ZAE000030912                                                         
("Northam" or "the company")                                                    
EXERCISE OF OPTIONS BY A DIRECTOR                                               
In compliance with section 3.63 of the Listings Requirements of the JSE Limited,
Northam advises that options to purchase shares in the company have been        
exercised by an executive director as follows:                                  
Name of director:             G T Lewis                                         
Date of transaction:          31 March 2006                                     
Number and price at                                                             
which options exercised:      50 000 options at R19,25 each                     
Total value:                  R962 500                                          
Class of securities:          Ordinary shares                                   
Interest in transaction:      Beneficial direct                                 
Clearance to deal:            Yes                                               
Johannesburg                                                                    
31 March 2006                                                                   
Sponsor:                                                                        
Barnard Jacobs Mellet Corporate Finance (Pty) Limited                           
Date: 31/03/2006 03:47:04 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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