Impala Platinum : Results of General Meeting - Proposed 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")

RESULTS OF GENERAL MEETING - PROPOSED ODD-LOT OFFER

1. Results of the General Meeting

Unless otherwise defined, the definitions and interpretations contained in the circular issued by Implats on Monday, 14 September 2020 ("Circular") apply, mutatis mutandis, to 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.

At the General Meeting of Implats Shareholders that was held today, Wednesday, 14 October 2020 (in terms of the Circular and attached notice of general meeting), all resolutions were passed by the requisite majority of Implats Shareholders and the voting results were as follows:

Resolution	Number of	As a	For²	Against²	Abstained¹
	ordinary	percentage
	shares	of ordinary
	voted	shares in
		issue¹
Special resolution number 1 - Authority
to effect the MoI Amendments	596 314 853	76.629%	99.997%	0.003%	0.083%
Special resolution number 2 - Specific
authority to repurchase Shares from the
Odd-lot Holders	596 310 868	76.628%	99.997%	0.003%	0.084%
Ordinary resolution number 1 - Authority
to make and implement the Odd-lot
Offer, specifically the repurchase of the
Odd-lot Holdings from the Odd-lot
Holders who do not make an election	569 310 272	76.628%	99.997%	0.003%	0.084%
Ordinary resolution number 2 - Authority
of Directors	596 314 861	76.629%	99.997%	0.003%	0.083%

Notes:

1. Based on 778 186 684 Implats ordinary shares in issue, net of treasury shares, at the date of the General Meeting.
2. In relation to the total number of Implats ordinary shares voted at the General Meeting.

2. Salient dates and times

Implats Shareholders are reminded of the following salient dates and times in relation to the Odd-lot Offer:

	2020
Odd-lot Offer opens at 09:00 (SA time) or 08:00 (UK time)	Thursday, 15 October
Publication of the finalisation information (including the Offer Price) on
SENS by 11:00 (SA time) or 09:00 (UK time)	Tuesday, 27 October
Publication of the finalisation information (including the Offer Price) in
the press	Wednesday, 28 October
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 United Kingdom share	Friday, 13 November
register on or about

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-lot Holders 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

14 October 2020

Sponsor

Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Legal Adviser

Edward Nathan Sonnebergs Inc