Sustainable Development Policy Statement

Impala Platinum Holdings Limited (Implats) is a producer of platinum and associated metals for world markets. We are committed to running our exploration, mining, processing and refining operations in a responsible and sustainable manner so that:

• Our business and investments are economically sound and financially profitable
• Our business practices are technically appropriate and socially responsible
• Our business processes are inherently safe and environmentally sound

To achieve world-class sustainable development in our sphere of influence we are committed to:

• Incorporating our sustainable development principles and implementing our strategy in all our business practices and investment decisions.
• Implementing and maintaining integrated risk management strategies and control mechanisms that take cognisance of sustainable development risks and mitigating procedures.
• Implementing and maintaining ethical business practices and sound corporate governance processes.
• Implementing and maintaining effective stakeholder engagement
• Developing and maintaining effective relations with our employees and
  employee representatives.
• Engaging with our stakeholders in a transparent and timely manner through
  formal and informal engagement structures
• Safeguarding the health and safety of all our stakeholders, and
  striving for zero harm.
• Instituting policies and business practices that entrench and
  uphold fundamental human rights.
• Implementing and maintaining meaningful and sustainable
  local community development programmes that address the
  needs of communities.
• Seeking continual improvement in environmental performance,
  specifically in optimising energy and water utilisation, conserving
  biodiversity and minimising any negative impacts from our
  operations on the environment.
• Facilitating and encouraging responsible product use, reuse
  and recycling.
• Implementing social transformation policies and practices
  in line with relevant legislation and in the interests of
  creating a diverse and balanced workforce.
• Accurately measure, record, independently verify and
  report on all material sustainable development issues on
  a regular and transparent basis.

D.H BROWN
Chief Executive Officer
November 2008