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IMP - Impala Platinum Holdings Limited - Resignation of Chief Executive

Release Date: 18/01/2012 14:00
Code(s): IMP
Wrap Text

IMP - Impala Platinum Holdings Limited - Resignation of Chief Executive Officer and Executive Director of the Board 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" or "the Group") RESIGNATION OF CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR OF THE BOARD Implats, in compliance with section 3.59 of the JSE Listings Requirements, regrets to announce the resignation of David Brown as Chief Executive Officer ("CEO") and as an Executive Director of the Board. David will step down as CEO with effect from 30 June 2012 in order to pursue his own interests. David joined the Implats Board of Directors in January 1999 as the Chief Financial Officer and was appointed as the CEO in 2006. He was instrumental in the development of Implats` Zimbabwean assets and was also responsible in securing the Royal Bafokeng Nation as the anchor empowerment partner for the Group, ensuring the development of this partnership to the benefit of all stakeholders. In addition, David has successfully guided the Group through the difficult business environment of recent years, maintaining a strong balance sheet while ensuring a balance between investment and returns to shareholders. Dr Khotso Mokhele, Chairman of the Board, thanked David for his valuable contribution to Implats during his tenure as Group CEO saying, "David has played a pivotal role in driving the success of the Group and the Board wishes him well in his future endeavours." The Board has identified a successor and is currently in the process of finalising this appointment. An announcement will be made in due course. 18 January 2012 Johannesburg Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited Date: 18/01/2012 14:00:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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