ISSUANCE OF R2 BILLION FLOATING RATE NOTES

Valterra Platinum Limited

15 May 2026

 

Valterra Platinum Limited

(previously Anglo American Platinum Limited)

(Incorporated in the Republic of South Africa)

(Registration number: 1946/022452/06)

JSE Share Code: VAL

LSE Share Code: VALT

JSE Debt Issuer Code: VALI

ISIN: ZAE000013181

Income tax number: 9575104717                           

("the Company" or "Valterra Platinum")

15 May 2026

ISSUANCE OF R2 BILLION FLOATING RATE NOTES UNDER THE VALTERRA PLATINUM R10 BILLION DOMESTIC MEDIUM TERM NOTE PROGRAMME

Valterra Platinum is pleased to announce that it has successfully concluded an inaugural auction and issuance of floating rate notes ("Notes") to the value of R2 billion under the Company's R10 billion Domestic Medium Term Note Programme, as amended and/or supplemented from time to time.

Sayurie Naidoo, CFO of the Company, said: "The success of our inaugural bond auction marks a defining milestone for Valterra Platinum and reflects investors' confidence in the quality of the Company's assets, the strength of its balance sheet, and our long-term strategy. Through this issuance, we continue to optimise our funding profile while maintaining a disciplined approach to capital allocation".

The Notes will be issued on 18 May 2026 and comprise:

INSTRUMENT TYPE	FLOATING RATE NOTE
Bond Code	VAL001
ISIN No.	ZAG000224981
Nominal Issued:	R 378 000 000.00
Issue Price:	100%
Coupon	Compounded Daily ZARONIA plus 72 bps, in accordance with paragraph 33 of the Applicable Pricing Supplement
Interest Determination Date	The 5th (fifth) Johannesburg Business Day
Coupon Rate Indicator	Floating
Trade Type	Price
Maturity Date	18 May 2027
Books Close Date	N/A
Interest Payment Date(s)	18 August 2026, 18 November 2026, 18 February 2027 and 18 May 2027
Last Day to Register	By 17:00 on 17 August 2026, 17 November 2026, 17 February 2027 and 17 May 2027
Issue Date	18 May 2026
Business Day Convention	Modified Following
Interest Commencement Date	18 May 2026
First Interest Payment Date	18 August 2026
Additional Information	Senior Unsecured Floating Rate Notes due 18 May 2027 under its ZAR10,000,000,000 Domestic Medium Term Note Programme

INSTRUMENT TYPE	FLOATING RATE NOTE
Bond Code	VAL002
ISIN No.	ZAG000225004
Nominal Issued:	R 1 240 000 000.00
Issue Price:	100%
Coupon	Compounded Daily ZARONIA plus 100 bps, in accordance with paragraph 33 of the Applicable Pricing Supplement
Interest Determination Date	The 5th (fifth) Johannesburg Business Day
Coupon Rate Indicator	Floating
Trade Type	Price
Maturity Date	18 May 2027
Books Close Date	N/A
Interest Payment Date(s)	18 August, 18 November, 18 February and 18 May
Last Day to Register	By 17:00 on 17 August, 17 November, 17 February and 17 May
Issue Date	18 May 2026
Business Day Convention	Modified Following
Interest Commencement Date	18 May 2026
First Interest Payment Date	18 August 2026
Additional Information	Senior Unsecured Floating Rate Notes due 18 May 2029 under its ZAR10,000,000,000 Domestic Medium Term Note Programme

INSTRUMENT TYPE	FLOATING RATE NOTE
Bond Code	VAL003
ISIN No.	ZAG000224999
Nominal Issued:	R 382 000 000.00
Issue Price:	100%
Coupon	Compounded Daily ZARONIA plus 104 bps, in accordance with paragraph 33 of the Applicable Pricing Supplement
Interest Determination Date	The 5th (fifth) Johannesburg Business Day
Coupon Rate Indicator	Floating
Trade Type	Price
Maturity Date	18 May 2031
Books Close Date	N/A
Interest Payment Date(s)	18 August, 18 November, 18 February and 18 May
Last Day to Register	By 17:00 on 17 August, 17 November, 17 February and 17 May
Issue Date	18 May 2026
Business Day Convention	Modified Following
Interest Commencement Date	18 May 2026
First Interest Payment Date	18 August 2026
Additional Information	Senior Unsecured Floating Rate Notes due 18 May 2031 under its ZAR10,000,000,000 Domestic Medium Term Note Programme

JSE debt sponsor:

The Standard Bank of South Africa Limited

JSE equity sponsor:

Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities

For further information, please contact:

Company Secretary

Fiona Edmundson

[e-mail]

Investors:

Leroy Mnguni

[e-mail]

Marcela Grochowina

[e-mail]

Media:

Cindy Maneveld

[e-mail]

ABOUT VALTERRA PLATINUM

Valterra Platinum is one of the world's leading integrated producers of platinum group metals (PGMs) with a primary listing on the Johannesburg Stock Exchange and a secondary listing on the London Stock Exchange. We operate world class, long-life mines and the industry's most efficient processing assets, responsibly mining, smelting, and refining PGMs and associated co-products from operations located in South Africa and Zimbabwe. With integrated marketing hubs in London, Singapore and Shanghai, we deliver tailored solutions for our customers. We continue to integrate sustainability into everything we do, invest in our mining and processing capabilities and advance market development initiatives to grow and commercialise new demand segments. We make a meaningful impact in the communities where we operate and remain committed to delivering consistent and superior returns to shareholders. Guided by our purpose of unearthing value to better our world, we are committed to zero harm, disciplined capital allocation and delivery on our value-accretive strategic priorities.

 

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