Implats reaches a three-year wage settlement 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 JSE alpha code: IMPCB (“Implats” or the “Company”) IMPLATS REACHES A THREE-YEAR WAGE SETTLEMENT Implats’ operating subsidiaries - Impala Platinum Limited’s Rustenburg operations and Marula Platinum Limited - have signed a three-year wage settlement with the Association of Mineworkers and Construction Union (AMCU). The settlement is effective from 1 July 2019 and assures employees of increases to all major components of remuneration over the next three years including basic salaries, living-out and home-ownership allowances, medical aid and pension fund contributions. The agreement is in line with current mining inflation of c.7% and takes into consideration the reality of inflationary pressures faced by our employees. This agreement secures three years of stability at Implats’ operating entities and has been achieved through a collaborative process typified by mutual respect and consideration and without requiring intervention or mediation by third parties. The agreement removes substantial uncertainty for our employees and allows a singular focus on the pursuit of safe and sustainable production. Queries: Johan Theron Emma Townshend E-mail: firstname.lastname@example.org E-mail : email@example.com T: +27 (0) 11 731 9013/43 T : +27 (0) 21 794 8345 M: +27 (0) 82 809 0166 M : +27 (0) 82 415 3770 Alice Lourens E-mail: firstname.lastname@example.org T: +27 (0) 11 731 9033/43 M: +27 (0) 82 498 3608 15 November 2019 Johannesburg Equity and debt sponsor to Implats Nedbank Corporate and Investment Banking Date: 15/11/2019 12:18:00 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.
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