Procedure for Converting Impala Ordinary Shares (ISIN ZAE000083648) into Impala ADRs (ISIN US4525333083)

A shareholder wishing to convert Johannesburg Stock Exchange Listed ordinary shares in Impala Platinum Holdings Limited (Implats) to American Depositary Receipts (ADRs) should, in the first instance, request that their broker contact the ADR Broker Desk at Deutsche Bank. Contact details can be found below;

UK

Nicolas Roc and Simon Davies

Tel: +44 (0) 20 7547-6500
Fax: +44 (0) 20 7541-9995
E-mail: adr@db.com

US

Jay Berman

Tel: +1 212 250-9100
Fax: +1 732 544-6346
E-mail: adr@db.com

Alternatively, the shareholder may contact the ADR Broker Desk at Deutsche Bank direct.

1. When contacting the ADR Broker Desk, the broker will be asked to confirm the following information:
   1. the number of ordinary shares the shareholder wishes to convert into ADRs;
   2. the custodian name, account name and account number of the account in South Africa from which the ordinary shares will be delivered;
   3. the number of the DTC account in the US to which the shareholder wishes their ADRs to be credited. If the shareholder does not have a DTC account, they will need to appoint a nominee (e.g. a broker) to hold the ADRs on their behalf.
2. Once these details have been confirmed, the broker (or shareholder) should instruct the delivery of the ordinary shares from their custody account in South Africa.
3. On the day that Computershare Custodial Services Ltd confirms to Deutsche Bank that the ordinary shares have settled in the Deutsche Bank account, Deutsche Bank will instruct the delivery of the equivalent amount of ADRs to the requested DTC account.
4. A fee per ADR issued is payable to Deutsche Bank upon the delivery of the ADRs. Most commonly, when Deutsche Bank delivers the ADRs to the specified DTC account, this is done on a delivery versus payment (DVP) instruction against the conversion fee. If an alternative method of payment is required, please contact the Broker Desk for further details. Where the DTC account is operated by a broker on behalf of a shareholder, the broker should confirm to the shareholder that it has received the ADRs and is holding them on his/her behalf.

The publication of this announcement shall be deemed not to constitute an offer or the solicitation of an offer to buy any Depositary Receipt or any security relating thereto in any jurisdiction in which such announcement would be deemed an unlawful offer. The services described in this announcement are provided by Deutsche Bank Trust Company Americas or by its subsidiaries and/or affiliates in accordance with appropriate local legislation and regulation. This information has been approved and/or communicated by Deutsche Bank AG London.