IMP - Impala Platinum Holdings Limited - Zimplats Indigenisation Update

IMP - Impala Platinum Holdings Limited - Zimplats Indigenisation Update         
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")                                                                     
Zimplats Indigenisation Update                                                  
Further to the Government of Zimbabwe`s requirement to submit an Indigenisation 
Implementation Plan ("IIP"), Zimbabwe Platinum Mines (Private) Limited          
("Zimplats"), an indirect 87% subsidiary of Implats, submitted its revised plan 
in November 2011.                                                               
In a letter dated 22 February 2012, Zimplats was advised by the Zimbabwean      
Minister of Youth Development, Indigenisation and Empowerment ("the Minister")  
that the portion of its IIP relating the empowerment credits for the Release of 
Ground agreement entered into in 2006 has been rejected.                        
Implats is concerned to note the statement by the Minister that unless progress 
is made within 14 days to transfer the required shareholding (in lieu of the    
empowerment credits) to the National Indigenisation and Economic Empowerment    
Fund ("NIEEF"), enforcement mechanisms will be activated. The Minister also     
indicated that suitable compensation for the released ground would be           
considered.                                                                     
Shareholders are advised that negotiations with the Minister will be undertaken 
in an attempt to reach a mutually acceptable solution. Shareholders will be     
informed of further material developments as they occur.                        
24 February 2012                                                                
Johannesburg                                                                    
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 24/02/2012 17:00:02 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.