An ADR is a US dollar denominated negotiable certificate that represents ownership of shares in a non-US company.

Each ADR is issued by a US depositary bank (which is a bank in the US which oversees all the stock transfer and agency services in connection with a depository receipt programme) and represents one or more shares of a foreign stock or a fraction of a share. If investors own an ADR they have the right to obtain the foreign stock it represents, but US investors usually find it more convenient to own the ADR. The price of an ADR is often close to the price of the foreign stock in its home market, adjusted for the ratio of the foreign company’s shares to ADRs. ADRs were specifically designed to facilitate the purchase, holding and sale of non-US securities by US investors.

Implats ADRs represent Implats ordinary shares deposited with the depositary bank (Deutsche Bank Trust Company Americas), to underlie such certificates and carry the rights attached to them as detailed in the Deposit Agreement. Holders of ADRs receive dividends in US dollars and have the right to vote on shareholder resolutions, where applicable.

The terms ADR and ADS are often used interchangeably. Individual shares of a foreign corporation represented by an ADR are called American Depository Shares (ADS). This is the instrument that is actually traded. Although the terms ADR and ADS are used interchangeably, the difference is that an ADR is the certificate while the ADSs are the shares.

Implats ADR programme is administered by Deutsche Bank Trust Company Americas (Deutsche Bank). As the depositary bank, Deutsche Bank performs the following roles for ADR holders as further detailed in the Deposit Agreement:

• Records and maintains the register of ADR holders,
• Is the stock transfer agent,
• Distributes dividends in US dollars (when declared by the Board of Directors),
• Facilitates the voting process and the exercise of the voting rights of ADR holders at any Company General Meeting if permitted by the Company and the Depositary Agreement,
• Issues and cancels Implats ADRs,
• Can distribute Company circulars and General Meetings (including Annual General Meeting) documentation, if applicable.

For those holders who are not registered because their ADRs are held through a ‘Street name’ (nominee account), your nominee will receive Company documents from time to time from Deutsche Bank to distribute to ADR holders. You need to make arrangements with your nominee if you wish to receive such documents and to be able to exercise your vote through the depositary bank at General Meetings (if applicable).

An ADR (American Depositary Receipt) is a negotiable certificate issued by a depositary bank representing a specific number of shares of a non-US company traded on a US stock exchange. An ADS (American Depositary Share) is the share issued under the ADR agreement which is actually traded.

Financial and stock Information is widely available on Implats website investors. Trading information is readily available on our depository bank’s website https://www.adr.db.com/drweb/dr_details.html?identifier=2356.

Financial and stock Information is widely available on Implats website investors. Trading information is readily available on our depository bank’s website https://www.adr.db.com/drweb/dr_details.html?identifier=2356.

Implats ADRs are traded on OTCQX, the premier tier of the US Over-the-Counter (OTC) market under the ticker symbol IMPUY. The CUSIP Number is 452553308. To learn more about Implats ADRs, please visit: adr holders or https://www.adr.db.com/drweb/dr_details.html?identifier=2356.

Yes. The DB Global Direct Investor Services programme offers investors a variety of convenient, low cost services to make it easier to invest in American Depositary Shares. DB Global Direct is administered by Deutsche Bank Trust Company Americas and allows new and existing holders to make ADR purchases, sell ADRs and reinvest dividends. You may view plan details by selecting Implats from the list of DB Global Direct companies shown at https://www.adr.db.com/drwebrebrand/resources/global-direct or by visiting https://us.astfinancial.com/InvestOnline/Invest/PlanSummaryCUSIP?CUSIP=452553308.

In a Level 1 ADR programme, the ADRs are not listed on a US stock exchange, but are traded on the US Over-the-Counter (OTC) market. Implats ADRs trade on the premier tier of the OTC market, called OTCQX

A registered holder is one whose name appears on the books of the depositary. The registered holder is considered the owner of record. A beneficial holder is one whose holdings are registered in a name other than their own, such as in the name of a broker, bank or nominee.

If you do not hold via a broker, bank or nominee, please contact our transfer agent:

Deutsche Bank Shareholder Services
c/o American Stock Transfer & Trust Company
Operations Centre
6201 15^th Avenue
Brooklyn
NY 11219
USA
Email: DB@astfinancial.com

US Toll-free number: +1 866 249 2593
International: +1 718 921 8124