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 Convertible Bond Stock Code: IMCB22 JSE Convertible Bond ISIN: ZAE000247458 ("IMPL CB22")

("Implats" or "the Group")

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS OR IN ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW

Repurchase of Bonds

Implats announces that it has repurchased 35 758 6.375% Coupon Senior Unsecured Convertible Bonds due 2022 (the "Bonds") equal to 11% in principal value of the Bonds (the "Repurchase"). The Repurchase includes 26 146 Bonds repurchased in terms of a tender offer to bondholders as announced on SENS on 7 December 2020.

Details of the Repurchase are as follows:

  • • the highest price paid for the repurchased Bonds : ZAR56,644.13

  • • the lowest price paid for the repurchased Bonds : ZAR38,874.98

  • • the principal amount of repurchased Bonds : ZAR357,580,000

  • • the nominal value of Bonds that remain outstanding as at the date hereof: ZAR2,339,520,000.

All repurchased Bonds will be cancelled and will no longer be listed on the JSE.

The Repurchase was carried out in accordance with applicable laws and regulations.

The Company will continue to pursue its goal of proactive balance sheet management within its approved capital allocation framework in a prudent and responsible manner, and will continue to explore opportunities to repurchase Bonds subject to market conditions.

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

Ends

Queries:

Johan Theron

E-mail:johan.theron@implats.co.zaT: +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.zaT: +27 (0) 11 731 9033/43

M: +27 (0) 82 498 3608

12 March 2021 Johannesburg

Sponsor to Implats

Nedbank Corporate and Investment Banking

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Impala Platinum Holdings Limited published this content on 12 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 March 2021 07:55:05 UTC.