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Effective date relating to the empowerment transaction with the Royal Bafokeng Nation

01 March 2007

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")

Royal Bafokeng Nation

("RBN")

Royal Bafokeng Holdings (Pty) Limited

(Incorporated in the Republic of South Africa)
(Registration number 2006/006906/07)
("RBH")

Shareholders are advised that the Implats Group and the RBN Group have amended the provisions pertaining to the salient dates of the agreement between them relating to the empowerment transaction approved by Implats shareholders on 29 November 2006 (the "Framework Agreement") to allow sufficient time to align the tax and accounting treatment of the empowerment transaction with the fair market value of the "Royalty Amount" payable to the RBN. The Framework Agreement remains conditional, but it is anticipated that the Effective Date will occur not later than 7 March 2007.

Johannesburg
1 March 2007

Financial adviser and transaction sponsor to Implats
Morgan Stanley South Africa (Pty) Limited

Sponsor to Implats
Deutsche Securities (SA) (Pty) Limited