Trading Statement for the six months ended 31 December 2016 IMPALA PLATINUM HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1957/001979/06) JSE Share code: IMP ISIN: ZAE000175873 ADR code: IMPUY ISIN: ZAE000083648 (“Implats” or “the Group”) TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2016 Shareholders are advised that Implats’ headline earnings per share (HEPS) for the half year ended 31 December 2016 is expected to be a loss of between 65 and 79 cents per share compared to the half year ended 31 December 2015 HEPS profit of 53 cents. Basic earnings per share (EPS) is expected to be a loss of between 48 and 58 cents per share compared to half year ended 31 December 2015 EPS profit of 31 cents. The difference between EPS and HEPS for the six months to 31 December 2016 is primarily due to the insurance compensation received from the 14 Shaft fire incident in January 2016. The major reason for the decline in HEPS from the comparative period is that the prior period included a tax credit due to a write-off of an amount owed by a debtor. HEPS from continuing operations for the current year will be further negatively affected by 10 – 15 cents a share when the Group’s share of profit after tax from Impala Chrome (Pty) Limited is eliminated as “discontinued operations profit” due to the Group’s stake in this entity being up for sale. The financial information on which this trading statement is based has not been reviewed and reported on by the external auditors of Implats. The Group’s reviewed interim financial results for the period ended 31 December 2016 will be released on 23 February 2017. 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 13 February 2017 Johannesburg Sponsor to Implats Deutsche Securities (SA) Proprietary Limited Date: 13/02/2017 02:00:00 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.