The board of Northam announced the appointment of Mr. Paul Dunne as successor to Mr. Glyn Lewis, current Chief Executive Officer of Northam. This follows a decision by Mr. Lewis to slightly accelerate his retirement plans as Northam's CEO. In the best interests of Northam and in order to ensure a smooth transition, the board is therefore pleased to confirm that Mr. Lewis will remain an employee of Northam until his current employment contract expires on June 30, 2014.

Mr. Dunne is a former executive director of Impala Platinum Holdings Limited (Implats). In order to allow Mr. Dunne to effectively fulfill his position as new CEO and to do so as soon as possible, whilst ensuring a smooth transition with Mr. Lewis, Mr. Dunne will assume the CEO role with effect from 1 March 2014.