Vesting and exercise of awards granted in terms of the long term incentive plan (LTIP scheme) 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”) VESTING AND EXERCISE OF AWARDS GRANTED IN TERMS OF THE LONG TERM INCENTIVE PLAN (LTIP SCHEME) In compliance with paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notice is hereby given of the following dealings by a director, of Implats, after having received clearance to do so in terms of paragraph 3.66 of the JSE Limited Listings Requirements. The transactions below were pursuant to vested Conditional Share Plan awards (CSP) in the Company’s LTIP Scheme. The only shares sold by the executive director were to settle taxes related to this vesting. The remaining shares will be committed towards the Minimum Shareholding Requirement in terms of the 2018 Implats Long-term Incentive Plan. Name: NJ Muller Director: Impala Platinum Holdings Limited Date of transaction: 18 May 2020 Nature of transaction: Off market exercise of vested CSP awards Class of shares: Ordinary shares of no par value Number of shares: 64 196 Price per share: R120.09 Value of transaction (excluding brokerage and other fees): R7 709 297.64 Nature of interest: Direct Beneficial Clearance obtained: Yes The following transaction is the on market sale of shares to settle tax obligations associated with the vesting of the CSP award: Name: NJ Muller Director: Impala Platinum Holdings Limited Date of transaction: 18 May 2020 Nature of transaction: On market sale of shares to fund the tax liability relating to the CSP shares vested on 18 May 2020 Class of shares: Ordinary shares of no par value Number of shares sold: 28 031 Selling price per share: R120.10 Value of transaction (excluding brokerage and other fees): R3 366 523.10 Nature of interest: Direct Beneficial Clearance obtained: Yes The transactions below were pursuant to vesting and exercise of the Share Appreciation Rights (SAR) awards in the Company’s LTIP Scheme. The only shares sold by the executive director were to settle taxes related to this vesting. The remaining shares will be committed towards the Minimum Shareholding Requirement in terms of the 2018 Implats Long-term Incentive Plan. Name: NJ Muller Director: Impala Platinum Holdings Limited Date of transaction: 18 May 2020 Nature of transaction: Off market exercise of vested SAR awards Class of shares: Ordinary shares of no par value Number of shares: 62 183 Price per share: R120.03 Value of transaction (excluding brokerage and other fees): R7 463 825.49 Nature of interest: Direct Beneficial Clearance obtained: Yes The following transaction is the on market sale of shares to settle tax obligations associated with the vesting of the SAR award: Name: NJ Muller Director: Impala Platinum Holdings Limited Date of transaction: 18 May 2020 Nature of transaction: On market sale of shares to fund the tax liability relating to the SAR shares vested on 18 May 2020 Number of shares sold: 28 915 Selling price per share: R120.10 Value of transaction (excluding brokerage and other fees): R3 472 691.50 Nature of interest: Direct Beneficial Clearance obtained: Yes Queries: Johan Theron E-mail: johan.theron@implats.co.za T: +27 (0) 11 731 9013/43 M: +27 (0) 82 809 0166 Emma Townshend E-mail : emma.townshend@implats.co.za T : +27 (0) 21 794 8345 M : +27 (0) 82 415 3770 Alice Lourens E-mail: alice.lourens@implats.co.za T: +27 (0) 11 731 9033/43 M: +27 (0) 82 498 3608 20 May 2020 Johannesburg Sponsor to Implats Nedbank Corporate and Investment Banking Date: 20-05-2020 12:30:00 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.