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Cautionary announcement

12 September 2008

Shareholders of Implats are advised that the Company has entered into discussions with Mvelaphanda Resources Limited and Northam Platinum Limited to create a South African controlled platinum champion.

A transaction, if successfully concluded, may have a material impact on the price of Implats securities. Shareholders are therefore advised to exercise caution in their dealings in securities until a further announcement is made.

12 September 2008
Johannesburg

Sponsor to Implats:
Deutsche Securities (SA)(Proprietary) Limited