Trading Statement for the Six Months ended 31 December 2017 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 2017 Shareholders are advised that Implats’ headline earnings per share (HEPS) for the half year ended 31 December 2017 is expected to be a loss of between 17 and 26 cents per share compared to the half year ended 31 December 2016 HEPS loss of 71 cents, representing an improvement of between 76% and 63% respectively. Basic earnings per share (EPS) is expected to be a loss of between 19 and 28 cents per share compared to the year ended 31 December 2016 EPS loss of 52 cents, representing an improvement of between 63% and 46% respectively. The major reason for the increase in HEPS from the comparative period is that the Group made a gross profit in the current period compared to a gross loss in the comparable six months ended 31 December 2016. A significant amount of metal was tied up in the pipeline at 31 December 2017 due to an unscheduled re-build of one of the furnaces. This negatively affected sales but was more than offset by a reduction in cost of sales. The Group also made a profit before tax compared to a loss before tax in the comparable six months notwithstanding a negative impact from a fair value adjustment on Impala Refining Services’ creditors due to an increase in metal prices at the end of the period. Higher “additional profits tax” payable by Zimplats increased the tax charge period on period, which resulted in the anticipated loss after tax for the six months ended 31 December 2017 being between 46% and 63% less than the loss incurred in the prior comparable period. 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 financial results for the period ended 31 December 2017 will be released on 1 March 2018. 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 19 February 2018 Johannesburg Sponsor to Implats Deutsche Securities (SA) Proprietary Limited Date: 19/02/2018 05:06:00 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.