Resignation of Mr Terence Goodlace as Chief Executive Officer IMPALA PLATINUM HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1957/001979/06) JSE Share code: IMP ISIN: ZAE000083648 ADR code: IMPUY (“Implats” or the “Company”) RESIGNATION OF MR TERENCE GOODLACE AS CHIEF EXECUTIVE OFFICER Implats wishes to announce to shareholders that after six years on the Implats board of directors (the “Board”), of which the initial two were as a non-executive director, Mr Terence Goodlace has advised the Board that he will step down as Chief Executive and executive director of the Company on 1 December 2016. Mr Terence Goodlace said: “I am very pleased to have served this great company for more than half a decade and depart with a sense of pride for leaving behind a great team of executives and a strong board to lead Implats into the future.” Dr Mandla Gantsho, the chairman of the Board said: "It has been a great pleasure working with Terence over the past six years, especially since becoming Chairman last year. I would like to thank him for his outstanding contribution to Implats, at a difficult time for the platinum mining sector and the mining industry generally. I wish Terence much success in the future. The Board is pleased that he has given us a long notice period of his intention to step down and appreciate his commitment to continue to support the company and the board on the important 'lower for longer commodity prices' response initiatives, and in the leadership succession and handover." The Board is reviewing its leadership succession plans as well as embarking on a structured search process to fill the vacancy. Queries: Johan Theron E-mail: johan.theron@implats.co.za T: +27 (0) 11 731 9013/43 M: +27 (0) 82 809 0166 Alice Lourens E-mail: alice.lourens@implats.co.za T: +27 (0) 11 731 9033/43 M: +27 (0) 82 498 3608 18 May 2016 Johannesburg Sponsor to Implats Deutsche Securities (SA) Proprietary Limited Date: 18/05/2016 05:15:00 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.