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IMPALA PLATINUM HOLDINGS LIMITED - Precautionary closure of Bimha Mine

Release Date: 20/08/2014 08:00
Code(s): IMP     PDF:  
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Precautionary closure of Bimha Mine

Impala Platinum Holdings Limited
(Incorporated in the Republic of South Africa)
Registration No. 1957/001979/06
Share code: JSE: IMP
ISIN: ZAE000083648
ADR code: IMPUY

(“Implats” or “the Company”)

Precautionary closure of Bimha Mine

Further to the announcement by Zimplats Holdings Limited (“Zimplats”) on 18 July 2014 regarding
the underground collapse at a section of the Bimha Mine, Implats wishes to inform shareholders and
other stakeholders that a decision has now been made to cease all mining activity at the mine, with
immediate effect, to ensure the safety of our employees.

In July 2014, a collapse within a section of the underground working area of the Bimha Mine was
triggered by the accelerated deterioration of ground conditions associated with a major fault, the
Mutambara Shear, which transgresses through the mining area. Over recent weeks, ground
conditions have continued to deteriorate and as a consequence, it has been decided to withdraw
employees in high-risk areas with immediate effect and to implement orderly closure procedures
across the rest of the mine.

A team of Company and independent advisors has been appointed to conduct detailed
investigations to re-engineer and/or arrest the current mine stability concerns.

Further announcements will be made as soon as there is clarity on the outlook for the mine.

At this stage, there is a possible production impact of up to 70 000 platinum ounces in the 2015
financial year at the Zimplats’ operation as a consequence of closing the Bimha Mine. Production
from the other three mines is not expected to be affected and the ramp-up of Mupfuti Mine
continues as planned. In addition two mining fleets from the Bimha Mine have already been
deployed to the other Zimplats mines to mitigate production losses. Zimplats produced 240 000
platinum ounces in the 2014 financial year.

Queries:

Johan Theron                                     Alice Lourens
E-mail: johan.theron@implats.co.za               E-mail: alice.lourens@implats.co.za
T: +27 (0) 11 731 9013/43                        T: +27 (0) 11 731 9033/43
M: +27 (0) 82 809 0166                           M: +27 (0) 82 498 3608

Alex Mhembere
E-mail: alex.mhembere@zimplats.com
T: +263 433 2591

20 August 2014
Johannesburg

Sponsor to Implats
Deutsche Securities (SA) Proprietary Limited

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