Acceptance of shares granted in terms of the performance share plan (PSP) and bonus share plan (BSP) 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”) ACCEPTANCE OF SHARES GRANTED IN TERMS OF THE PERFORMANCE SHARE PLAN (PSP) AND BONUS SHARE PLAN (BSP) In compliance with paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notice is hereby given of the following dealings by directors of Implats and its major subsidiary, after having received clearance to do so in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Name: NJ Muller Director: Impala Platinum Holdings Limited Nature of interest: Direct Beneficial Date of transaction: 2 April 2019 Class of shares: Performance Shares in terms of the rules of the Impala Platinum Holdings Limited Long-Term Incentive Plan 2018 (LTIP Scheme) Nature of transaction: Off market acceptance of Performance Shares Offer price: R31.26 as determined in terms of the rules of the Impala Platinum Holdings Limited Long-Term Incentive Plan 2018 (LTIP Scheme) Number of Performance shares: 236 004 Deemed value: R7 377 485.04 Date of vesting: 20 November 20212 Class of shares: Bonus Shares in terms of the rules of the Impala Platinum Holdings Limited Long-Term Incentive Plan 2018 (LTIP Scheme) Nature of transaction: Off market acceptance of Bonus Share Plan shares Offer price: R31.26 Number of Bonus shares: 85 084 Deemed value: R2 659 725.84 Date of vesting: 50% of the Bonus Shares will vest on 20 November 2019 50% of the Bonus Shares will vest on 20 November 2020 Name: NJ Muller Director: Impala Platinum Holdings Limited Nature of interest: Direct Beneficial Date of transaction: 1 April 2019 Nature of transaction: Off market exercise of cash-settled notional shares granted as per the sign-on conditions in terms of the employment contract entered into between Mr Muller and the Company on commencement of employment in April 2017 Date of transaction: 1 April 2019 Number of notional shares vested: 112 537 5 day VWAP on day of vesting: R63.13 Settlement value: R7 104 460.81 Name: M Kerber Director: Impala Platinum Holdings Limited Nature of interest: Direct Beneficial Date of transaction: 28 March 2019 Class of shares: Performance Shares in terms of the rules of the LTIP Scheme Nature of transaction: Off market acceptance of Performance Shares Offer price: R31.26 as determined in terms of the rules of the LTIP Scheme Number of Performance shares: 76 136 Deemed value: R2 380 011.36 Date of vesting: 20 November 2021 Name: L Samuel Director: Impala Platinum Holdings Limited Nature of interest: Direct Beneficial Date of transaction: 28 March 2019 Class of shares: Performance Shares in terms of the rules of the LTIP Nature of transaction: Off market acceptance of Performance Shares Offer price: R31.26 as determined in terms of the rules of the LTIP Scheme Number of Performance shares: 94 834 Deemed value: R2 964 510.84 Date of vesting: 20 November 2021 Class of shares: Bonus Shares Nature of transaction: Off market acceptance of Bonus Shares in terms of the rules of the LTIP Offer price: R31.26 as determined in terms of the rules of the LTIP Scheme Number of Bonus shares: 30 215 Deemed value: R944 520.90 Date of vesting: 50% of the Bonus Shares will vest on 20 November 2019 and 50% of the Bonus Shares will vest on 20 November 2020 Name: MC Munroe Director: Impala Platinum Limited Nature of interest: Direct Beneficial Date of transaction: 1 April 2019 Class of shares: Performance Share Plan shares Nature of transaction: Off market acceptance of Performance Share Plan shares Offer price: R64.06 as determined in terms of the rules of the LTIP Scheme Number of Performance shares: 31 220 Deemed value: R1 999 953.20 Date of vesting: 31 December 2020 Name: GS Potgieter Director: Impala Platinum Limited Nature of interest: Direct Beneficial Date of transaction: 28 March 2019 Class of shares: Performance Shares in terms of the rules of the LTIP Nature of transaction: Off market acceptance of Performance Shares Offer price: R31.26 as determined in terms of the rules of the LTIP Scheme Number of Performance shares: 137 060 Deemed value: R4 284 495.60 Date of vesting: 20 November 2021 Class of shares: Bonus Shares in terms of the rules of the LTIP Scheme Nature of transaction: Off market acceptance of Bonus Shares Offer price: R31.26 as determined in terms of the rules of the LTIP Scheme Number of Bonus shares: 50 499 Deemed value: R1 578 598.74 Date of vesting: 50% of the Bonus Shares will vest on 20 November 2019 and 50% of the Bonus Shares will vest on 20 November 2020 Name: V Nhlapo Director: Impala Platinum Limited Nature of interest: Direct Beneficial Date of transaction: 28 March 2019 Class of shares: Performance Shares in terms of the rules of the LTIP Scheme Nature of transaction: Off market acceptance of Performance Shares Offer price: R31.26 as determined in terms of the rules of the LTIP Scheme Number of Performance shares: 53 743 Deemed value: R1 680 006.18 Date of vesting: 20 November 2021 Class of shares: Bonus Shares Nature of transaction: Off market acceptance of Bonus Shares in terms of the rules of the LTIP Offer price: R31.26 as determined in terms of the rules of the LTIP Scheme Number of Bonus shares: 10 867 Deemed value: R339 702.42 Date of vesting: 50% of the Bonus Share Plan shares will vest on 20 November 2019 and 50% of the Bonus Share Plan shares will vest on 20 November 2020 Name: TT Llale Company Secretary: Impala Platinum Holdings Limited Nature of interest: Direct Beneficial Date of transaction: 27 March 2019 Class of shares: Performance Shares in terms of the rules of the LTIP Nature of transaction: Off market acceptance of Performance Shares Offer price: R31.26 as determined in terms of the rules of the LTIP Scheme Number of Performance shares: 31 990 Deemed value: R1 000 007.40 Date of vesting: 20 November 2021 Class of shares: Bonus Shares in terms of the rules of the LTIP Nature of transaction: Off market acceptance of Bonus Shares Offer price: R31.26 as determined in terms of the rules of the LTIP Scheme Number of Bonus shares: 7 568 Deemed value: R236 575.68 Date of vesting: 50% of the Bonus Share Plan shares will vest on 20 November 2019 and 50% of the Bonus Share Plan shares will vest on 20 November 2020 Name: TT Llale Company Secretary: Impala Platinum Holdings Limited Class of shares: Ordinary shares of no par value Nature of transaction: Off market exercise of conditional awards granted and on market sale in terms of the LTIP Scheme Nature of interest: Direct Beneficial Date of transaction: 27 March 2019 Number of shares vested and shares sold: 2 056 VWAP on day of vesting: R66.03 Sale price per share: R65.30 Value of shares: R134 256.80 The acceptance of the Bonus Shares and the Performance Shares awards (in terms of the rules of the LTIP) by participants was delayed due to a self-imposed closed period by Implats. 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 2 April 2019 Johannesburg Sponsor to Implats Nedbank Corporate and Investment Banking Date: 02/04/2019 04:00:00 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.