Impala Platinum : Finalisation announcement in relation to the Odd-lot Offer

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

("Implats" or "the Company")

FINALISATION ANNOUNCEMENT IN RELATION TO THE ODD-LOT OFFER

1. Finalisation information
   Unless otherwise defined, the definitions and interpretations contained in the circular issued by Implats on Monday, 14 September 2020 ("Circular") apply, mutatis mutandis, to the terms used in this announcement.
   On Monday, 14 September 2020, Implats issued the Circular to Implats Shareholders relating to the proposed implementation of the Odd-lot Offer, which will result in the repurchase by the Company of the Odd-lot Holdings from the Odd-lot Holders at the Offer Price, being at a 10% premium to the 30-calendar day volume weighted average price of an Implats Share at the close of business on Monday, 26 October 2020, which Offer Price is equal to 17 272.20150 cents (R172.72201).
   Further to the results of the General Meeting of Implats Shareholders announced on SENS on Wednesday, 14 October 2020, Implats Shareholders are advised that all conditions precedent to the Odd-lot Offer have now been fulfilled and that the Odd-lot Offer is accordingly unconditional, and Implats will proceed with implementing the Odd-lot Offer.
   The repurchased Odd-lot Holdings will be delisted with effect from the commencement of trading on or about Wednesday, 11 November 2020 and will thereafter be cancelled.
2. Salient dates and times
   Implats Shareholders are reminded of the following salient dates and times in relation to the Odd-lot Offer:

		2020
Last day to trade to participate in the Odd-lot Offer	Tuesday, 3 November
Implats Shares trade ex-Odd lot Offer	Wednesday, 4	November
Forms of election and surrender to be received by the transfer
secretaries in South Africa (Computershare Investor Services
Proprietary Limited) and the United Kingdom (Computershare Investor	Friday, 6	November
Services plc ("Computershare UK")) by 12:00 (SA time) or 10:00 (UK
time)
Record date for the Odd-lot Offer	Friday, 6	November
Odd-lot Offer closes at 12:00 (SA time) or 10:00 (UK time)	Friday, 6	November

Payment of the Cash Consideration to Certificated Odd-lot Holders who
have accepted the Odd-lot Offer or who have made no election4	Monday, 9 November
Dematerialised Odd-lot Holders who have accepted the Odd-lot Offer or
who have made no election will have their accounts at their CSDP or
broker credited with the Cash Consideration	Monday, 9	November
Results of the Odd-lot Offer released on SENS	Monday, 9	November
Results of the Odd-lot Offer published in the press	Tuesday, 10	November
Cancellation and termination of listing of Implats Shares repurchased in
terms of the Odd-lot Offer expected on or about	Wednesday, 11	November
Computershare UK to despatch cheque payments in respect of the Cash
Consideration to Odd-lot Holders on the UK share register on or before⁴	Friday, 13	November

Notes:

1. These salient dates and times are subject to amendment at the discretion of the Company. Any such amendments will be released on SENS.
2. All times quoted are local times in South Africa and in the United Kingdom.
3. Implats Shareholders may not dematerialise or rematerialise their Implats Shares after the last day to trade, being Wednesday, 4 November 2020 to Friday, 6 November 2020, both dates inclusive.
4. Odd-lotHolders on the United Kingdom share register are referred to paragraph 8.2.4 of the Circular, and are hereby advised that Implats has obtained the necessary approval from the SARB to remit the Cash Consideration to Odd-lot Holders who are non-residents of the Common Monetary Area via Computershare UK, whom will make payment to such Odd-lot Holders by cheque.

Johannesburg

27 October 2020

Sponsor

Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Legal Adviser

Edward Nathan Sonnebergs Inc