Industrial Action Update -CCMA mediation process IMPALA PLATINUM HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1957/001979/06) JSE Share code: IMP ADR code: IMPUY ISIN: ZAE000083648 (“Implats” or “Company”) Industrial Action Update CCMA mediation process Talks between the platinum sector and the Association of Mineworkers and Construction Union (AMCU), facilitated by the Commission for Conciliation, Mediation and Arbitration (CCMA), has, unfortunately, not managed to secure a resolution to the industry wage dispute with AMCU members. Terence Goodlace, CEO of Implats says: “We are disappointed that we have not been able to resolve the current platinum industry wage strike. We are, however, committed to engaging further with AMCU and are determined to find a solution that will allow better wages and benefits for our employees, preserve jobs and ensure the survival of our business.” The strike at Implats’ Rustenburg operation has continued for four weeks in which time the Company has lost 22 working days and 2 800 ounces of platinum production per working day. This equates to approximately 61 600 ounces platinum in total, which at R22 500 an ounce, amounts to R1.38 billion in revenue lost (calculated at the current basket of metal prices). The CCMA mediation process brought together the negotiating teams of AMCU and the platinum producers, Impala Platinum Limited (Impala), Anglo American Platinum Limited (Amplats), and Lonmin PLC (Lonmin) under the auspices of the CCMA. The platinum producers tabled a revised wage offer to AMCU members on 29 January 2014 based on a set of principles that would ultimately realise a minimum guaranteed pay package of R12 500 per month over time. This offer represents an increase in wages and benefits of some R2 billion rand in the first year alone for the three companies combined. The revised offer has to be viewed in the context of an industry having reported a cash loss of approximately R4.3 billion in 2013. Impala has offered to increase the minimum monthly guaranteed pay package by 26% over three years. This would increase the minimum guaranteed package for surface employees from R8 641 to R10 915 and for underground employees from R9 297 to R11 746 respectively over the three-year period. Implats is in constant communication with all its stakeholders to ensure they remain informed of the situation and can implement the necessary mitigating measures to manage the impact of the strike. 21 February 2014 Johannesburg Sponsor to Implats Deutsche Securities (SA) Proprietary Limited Date: 21/02/2014 03:24:00 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.