Dealing in securities 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”) DEALINGS IN SECURITIES In compliance with paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notice is hereby given of the following dealings by the company secretary, directors and prescribed officers 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 a deferral of vesting for purposes of the Minimum Shareholding Requirement (MSR), vesting of the Conditional Share Plan (CSP) and Share Appreciation Rights (SAR) awards in the Company’s Long Term Incentive Plan (LTIP) and the applicable subsequent sales which took place on market. The election of certain executives to commit the CSP and SAR awards towards the MSR took place before the vesting date. To this end, the vesting of the CSP shares and SARs for these executives has been deferred to 1 January 2025 as per the Rules of the Implats MSR Policy. Name: GS Potgieter Designation: Prescribed Officer Company: Impala Platinum Holdings Limited Class of shares: Ordinary shares of no par value Nature of interest: Direct Beneficial Number of shares deferred and committed towards the MSR: 61 627 Number of shares sold: 0 The participant has elected to commit these shares towards the MSR and to defer vesting of the CSP and SAR awards to 1 January 2025. Name: J Theron Designation: Prescribed Officer Company: Impala Platinum Holdings Limited Class of shares: Ordinary shares of no par value Nature of transaction: On market sale of vested shares in terms of the LTIP CSP Nature of interest: Direct Beneficial Date of transaction: 25 November 2020 Number of shares vested and shares sold: 38 501 VWAP on day of vesting: R161.0394 Sale price per share: R161.0394 Lowest price per share: R157.7700 Highest price per share: R171.0000 Value of transaction: R6 200 177.94 Name: TT Llale Designation: Company Secretary Company: Impala Platinum Holdings Limited Class of shares: Ordinary shares of no par value Nature of transaction: On market sale of vested shares in terms of the LTIP CSP Nature of interest: Direct Beneficial Date of transaction: 25 November 2020 Number of shares vested and shares sold: 19 292 VWAP on day of vesting: R161.0394 Sale price per share: R161.0394 Lowest price per share: R157.7700 Highest price per share: R171.0000 Value of transaction: R3 106 772.10 Name: V Nhlapo Designation: Prescribed Officer Company: Impala Platinum Holdings Limited Class of shares: Ordinary shares of no par value Nature of transaction: On market sale of vested shares in terms of the LTIP CSP Nature of interest: Direct Beneficial Date of transaction: 25 November 2020 Number of shares vested and shares sold: 40 002 VWAP on day of vesting: R161.0394 Sale price per share: R161.0394 Lowest price per share: R157.7700 Highest price per share: R171.0000 Value of transaction: R6 441 898.08 Name: SE Sibiya Designation: Prescribed Officer Company: Impala Platinum Holdings Limited Class of shares: Ordinary shares of no par value Nature of transaction: On market sale of vested shares in terms of the LTIP CSP Nature of interest: Direct Beneficial Date of transaction: 25 November 2020 Number of shares vested and shares sold: 13 171 VWAP on day of vesting: R161.0394 Sale price per share: R161.0394 Lowest price per share: R157.7700 Highest price per share: R171.0000 Value of transaction: R2 121 049.94 In addition, the participant has elected to commit 6 000 shares towards the MSR and to defer vesting of the CSP and SAR awards to 1 January 2025. Name: L Samuel Designation: Executive Director Company: Impala Platinum Holdings Limited Class of shares: Ordinary shares of no par value Nature of transaction: On market sale of vested shares in terms of the LTIP CSP Nature of interest: Direct Beneficial Date of transaction: 25 November 2020 Number of shares vested and shares sold: 15 708 VWAP on day of vesting: R161.0394 Sale price per share: R161.0394 Lowest price per share: R157.7700 Highest price per share: R171.0000 Value of transaction: R2 529 606.90 In addition, the participant has elected to commit 22 520 shares towards the MSR and to defer vesting of the CSP and SAR awards to 1 January 2025. The participant further elected to retain 17 929 shares and the shares that have been sold are to cover the taxes due on the portion of the shares that have vested. Name: JC Andrews Designation: Prescribed Officer Company: Impala Platinum Holdings Limited Class of shares: Ordinary shares of no par value Nature of transaction: On market sale of vested shares in terms of the LTIP CSP Nature of interest: Direct Beneficial Date of transaction: 25 November 2020 Number of shares vested and shares sold: 16 598 VWAP on day of vesting: R161.0394 Sale price per share: R161.0394 Lowest price per share: R157.7700 Highest price per share: R171.0000 Value of transaction: R2 672 931.96 The participant elected to retain 19 098 shares and the shares that have been sold are to cover the taxes due on the portion of the shares that have vested. Name: NJ Muller Designation: Chief Executive Officer Company: Impala Platinum Holdings Limited Class of shares: Ordinary shares of no par value Nature of transaction: On market sale of vested shares in terms of the LTIP CSP Nature of interest: Direct Beneficial Date of transaction: 25 November 2020 Number of shares vested and shares sold: 96 943 VWAP on day of vesting: R161.0394 Sale price per share: R161.0394 Lowest price per share: R157.7700 Highest price per share: R171.0000 Value of transaction: R15 611 642.55 The participant elected to retain 110 648 shares and the shares that have been sold are to cover the taxes due on the portion of the shares that have vested. Name: A Mhembere Designation: Prescribed Officer Company: Impala Platinum Holdings Limited Class of shares: Ordinary shares of no par value Nature of transaction: On market sale of vested shares in terms of the LTIP 2012 Conditional Share Plan Nature of interest: Direct Beneficial Date of transaction: 25 November 2020 Number of shares vested and shares sold: 93 653 Sale price per share: R167.0702 Value of transaction: R15 646 625.44 Cash settled at vesting – No market trade Name: TT Llale Designation: Company Secretary Company: Impala Platinum Holdings Limited Class of shares: Ordinary shares of no par value Nature of transaction: On market sale of vested shares in terms of the LTIP SAR Scheme Nature of interest: Direct Beneficial Date of transaction: 25 November 2020 Number of shares vested and shares sold: 11 640 Sale price per share: R161.0394 Value of shares: R1 874 498.62 Name: SE Sibiya Designation: Prescribed Officer Company: Impala Platinum Holdings Limited Class of shares: Ordinary shares of no par value Nature of transaction: On market sale of vested shares in terms of the LTIP SAR Scheme Nature of interest: Direct Beneficial Date of transaction: 25 November 2020 Number of shares vested and shares sold: 11 580 Sale price per share: R161.0394 Value of shares: R1 864 836.25 Name: V Nhlapo Designation: Prescribed Officer Company: Impala Platinum Holdings Limited Class of shares: Ordinary shares of no par value Nature of transaction: On market sale of vested shares in terms of the LTIP SAR Scheme Nature of interest: Direct Beneficial Date of transaction: 25 November 2020 Number of shares vested and shares sold: 36 244 Sale price per share: R161.0394 Value of shares: R5 836 712.01 In addition, the participant has elected to commit 12 081 shares towards the MSR and to defer vesting of the CSP and SAR awards to 1 January 2025. Name: TT Llale Designation: Company Secretary Company: Impala Platinum Holdings Limited Class of shares: Ordinary shares of no par value Nature of transaction: On market sale of vested shares in terms of the LTIP 2012 SAR Scheme Nature of interest: Direct Beneficial Date of transaction: 10 November 2020 Number of shares vested and shares sold: 491 Sale price per share: R159.0000 Value of shares: R78 069.00 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 Emma Townshend E-mail : emma.townshend@implats.co.za T : +27 (0) 21 794 8345 M : +27 (0) 82 415 3770 2 December 2020 Johannesburg Sponsor to Implats Nedbank Corporate and Investment Banking Date: 02-12-2020 01:34:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 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