Impala Platinum Holdings Limited : Mimosa concludes indigenisation implementation plan

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Impala Platinum Holdings Limited (Incorporated in the Republic of South Africa) (Registration No. 1957/001979/06)

ISIN: ZAE000083648

JSE Share Code : IMP LSE Share Code : IPLA ADR Code : IMPUY

("Implats" or "the Company")

11 January 2013

Implats agrees indigenisation implementation plan for Zimplats EMBARGO: For immediate release Ticker symbols:

JSE: Imp LSE: Ipla ADR: Impuy

Queries: Bob Gilmour

[phone]/43

[phone]

Website:

www.implats.co.za
Impala Platinum Holdings Limited ("Implats") is pleased to announce that its 87% held subsidiary, Zimplats Holdings Limited (Zimplats Holdings"), has concluded a non-binding term sheet in respect of proposed indigenisation implementation plans ("IIP") with the Government of Zimbabwe (as represented by the Ministry of Youth Development, Indigenisation and Empowerment) ("the Government").
The term sheet, which will be signed today, stipulates the key terms, subject to certain conditions precedent, for the sale by Zimplats Holdings of an aggregate 51% equity ownership ("the Indigenisation Shares") of Zimbabwe Platinum Mines (Private) Limited ("Zimplats") to select Indigenous Entities as set out below. Zimplats Holdings will retain the balance of 49% of Zimplats.
The purchase price for the Indigenisation Shares, after taking into account the payment for the release of ground obligation (in lieu of indigenisation credits), is US$971 million (R8.3 billion) ("the Transaction").
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Ticker symbols:

JSE: Imp LSE: Ipla ADR: Impuy

Queries: Bob Gilmour

[phone]/43

[phone]

Website:

www.implats.co.za
Zimplats Holdings will facilitate the Transaction by providing vendor funding to the Indigenous Entities at an interest rate of 10% per annum. The vendor financing will be repayable from 85% of the dividends declared by Zimplats on the Indigenisation Shares. The proceeds, as and when received by Zimplats Holdings, will be declared as a dividend to Implats or used to fund Zimplats Holdings' share of funding requirements of Zimplats. Management of Zimplats will remain with Zimplats Holdings.
In terms of the IIP the following interests in Zimplats will be sold to the parties named below, together constituting the "Indigenous Entities" as referred to above :