Notification to bondholders in respect of conversion price adjustment IMPALA PLATINUM HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1957/001979/06) JSE Share code: IMP ISIN: ZAE000083648 JSE Convertible Bond Stock Code: IMCB22 JSE Convertible Bond ISIN: ZAE000247458 ADR code: IMPUY ("lmplats") NOTIFICATION TO BONDHOLDERS IN RESPECT OF CONVERSION PRICE ADJUSTMENT IMPALA PLATINUM HOLDINGS LIMITED, ZAR 3,250,000,000 6.375 per cent. Senior Unsecured Convertible Registered Bonds due 2022 (ISIN: ZAE000247458) (the "Bonds"): In accordance with the conditions of the Bonds, lmplats hereby gives notice to bondholders that, as a result of the final dividend declared on 3 September 2020, payable to holders of ordinary shares of lmplats on 28 September 2020, the conversion price for the Bonds has been adjusted from ZAR 49.4144 to ZAR 48.2315, effective as of 22 September 2020. 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 Laurens E-mail:alice.lourens@implats.co.za T: +27 (0) 11 731 9033/43 M: +27 (0) 82 498 3608 21 September 2020 Johannesburg Sponsor to Implats Nedbank Corporate and Investment Banking Date: 21-09-2020 03:34:00 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.