IMP - Implats - Implats update on Illegal Strike in Rustenburg

IMP - Implats - Implats update on Illegal Strike in Rustenburg                  
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 "Company")                                                    
IMPLATS UPDATE ON ILLEGAL STRIKE IN RUSTENBURG                                  
Implats has previously communicated to shareholders about the illegal work      
stoppage at its Rustenburg mine.  The strike has now entered its sixth week and 
Implats has lost 100,000 Pt oz which is equivalent to a loss of revenue of      
around R2 billion.                                                              
Implats is working with the Department of Mineral Resources in order to resume  
production as soon as practically possible, but it is dependent on operational  
turnout of staff.  The 15,800 employees who did not join the illegal work       
stoppage and the 9,800 who have re-applied for their positions are involved with
mining activities such as cleaning, establishment, critical end development and 
making-safe in anticipation of resumption of production. Third party material   
deliveries continue to be processed as normal.                                  
Implats and the National Union of Mineworkers are encouraging dismissed         
employees to return to work by the deadline of Wednesday, 29 February 2012 for  
reinstatement at previous benefits and conditions, after which time normal      
recruitment procedures will apply on a first come first served basis.           
The financial information in this announcement has not been reviewed and        
reported on by the Company`s auditors.                                          
Johannesburg                                                                    
28 February 2012                                                                
Sponsor: Deutsche Securities (SA) (Proprietary) Limited                         
Date: 28/02/2012 17:00:02 Supplied by www.sharenet.co.za                     
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