Independent statement of assurance

Independent Assurance Report to the Directors of Impala Platinum Holdings Limited on Sustainability Information

We have been engaged by the Directors of Impala Platinum Holdings Limited (further referred to as ‘Implats’) to provide assurance over selected performance information presented in the “Sustainable Development Report 2009” (further referred to as the “Report”).

The Directors and management are responsible for preparing the Report and the information and statements, identification of stakeholders and the material issues, commitments with respect to sustainability performance, and for establishing and maintaining appropriate performance management and internal control systems. The following criteria were used by Implats:

  • The internally developed reporting guidelines, which are available on request from Implats, for the selected performance data; and
  • The Global Reporting Initiative (GRI) G3 Guidelines requirements for the B+ application level.

Our responsibility is to provide limited assurance in terms of the scope of our engagement.

Our report is made solely to Implats in accordance with the terms of our engagement. Our work has been undertaken so that we might state to Implats those matters we have been engaged to state in this report and for no other purpose. We do not accept or assume liability to anyone other than Implats, for our work, for this report, or for the conclusions we have reached.

We comply with the appropriate requirements of the International Federation of Accountants (IFAC) Code of Ethics for Professional Accountants and have systems and processes in place to monitor compliance with the code and to prevent conflicts regarding independence. Our work was carried out by a multidisciplinary team of health, safety, social, environmental and assurance specialists with extensive experience in sustainability reporting.

We believe that the evidence obtained from our work performed provides an appropriate basis for our limited assurance conclusion expressed below.

Assurance standards used

We conducted our engagement in accordance with the ISAE 3000*.

The scope of our assurance engagement

1. The selected performance information contained in the Report is:

* International Standard on Assurance Engagements 3000: Assurance engagements other than Audits or reviews of Historical information, issued by the International Auditing and Accounting Standards Board.

2. Implats’ self-declaration of GRI B+ application level

Work performed

Our work included the following evidence-gathering procedures:

  • Interviewing management and senior executives at group level to assess the application of the GRI G3 principles and to obtain an understanding of the general control environment;
  • Evaluating and testing processes and systems and reviewing of documentation in place at group level and at site level to support the generation, collation, aggregation, monitoring and reporting of the selected sustainability performance information for the year;
  • Visiting a risk based selection of four operation sites, including Rustenburg (mining, concentrating and smelting), Springs (refineries), Marula (mining) and Zimplats (mining, concentrating and smelting);
  • Conducting an application level check on the Report to ensure all disclosure requirements of the GRI B+ application level have been adhered to;
  • Evaluating whether the information presented in the Report is in line with our overall knowledge and experience of sustainability management and performance at Implats.

Limited assurance opinion

1. On the selected performance information

Based on the work performed as described above, nothing has come to our attention to indicate that the selected 2009 sustainability performance information, set out in the scope of the assurance engagement paragraph above for the year ended 30 June 2009, is not fairly stated in all material respects in compliance with the Implats’ internally developed reporting guidelines applied to the selected performance information.

2. On Implats’ self-declaration on GRI G3 B+ application level

Based on the work described above, nothing has come to our attention to indicate that management’s self declaration of a B+ application level, is not fairly stated in all material respects on the basis of the GRI G3 Guidelines.

KPMG Services (Pty) Limited

Per PD Naidoo
19 August 2009

Implats Sustainable Development Report 2009