IMP - Implats - African Platinum Plc - Scheme of A14 May 2007
IMP
 IMPO                                                                            
IMP - Implats - African Platinum Plc - Scheme of Arrangement Update             
Impala Platinum Holdings Limited                                                
("Implats")                                                                     
(Incorporated in the Republic of South Africa)                                  
(Registration No. 1957/001979/06)                                               
ISIN: ZAE000083648                                                              
JSE Share Code:  IMP                                                            
LSE Share Code:  IPLA                                                           
ADR Code:  IMPUY                                                                
FOR IMMEDIATE RELEASE                                                           
Not for release, publication or distribution, in whole or in part, in or        
into Canada, Australia or Japan or any other jurisdiction where to do so        
would constitute a violation of the relevant laws of such jurisdiction.         
Further to the announcement published on SENS on 10 May 2007, shareholders      
are advised herewith of the announcement made by African Platinum plc           
("Afplats") in respect of the delisting of Afplats.                             
Enquiries to:                                                                   
Implats                                                                         
David Brown              Tel. +27 11 731 9042                                   
Brenda Berlin            Tel. +27 11 731 9023                                   
Morgan Stanley & Co Limited (joint financial adviser to Implats)                
Beth Mandel (SA)         Tel. +27 11 507 0800                                   
Peter Bacchus (UK)       Tel. +44 207 425 8000                                  
Laurence Hopkins (UK)    Tel. +44 207 425 8000                                  
Sansara Financial Services (Pty) Limited (joint financial adviser to            
Implats)                                                                        
Sean Chilvers            Tel. +27 11 718 2307                                   
African Platinum plc - Scheme of Arrangement                                    
African Platinum plc                                                            
14 May 2007                                                                     
AFRICAN PLATINUM PLC                                                            
For immediate release                                                           
14 May 2007                                                                     
Recommended Cash Acquisition                                                    
of                                                                              
African Platinum plc                                                            
by                                                                              
Impala Platinum Holdings Limited                                                
Cancellation of trading of securities on AIM                                    
On 10 May 2007 African Platinum plc (the "Company") announced that, at a        
hearing held on 10 May 2007, the Court sanctioned the Scheme of Arrangement     
by which the recommended acquisition of the Company by Impala Platinum          
Holdings Limited is to be effected and confirmed the associated reduction       
of capital.                                                                     
The Company is pleased to announce that the Court Order has been delivered      
to and registered with the Registrar of Companies today and that,               
accordingly, the Scheme has become effective.                                   
At the request of the Company, the London Stock Exchange has cancelled          
trading in the Afplats Shares from the Alternative Investment Market of the     
London Stock Exchange with effect from 7.00 a.m. today.                         
In addition, the Company announces that David Hugh Brown and Dawn Earp will     
be appointed as directors of African Platinum plc.                              
Terms defined in the Scheme Document have the same meanings in this             
announcement.                                                                   
Enquiries:                                                                      
African Platinum plc                                                            
Roy Pitchford                           Tel. +44 207 389 0500                   
Russell Lamming                         Tel. +27 11 467 1858                    
Website: www.afplats.com                                                        
JPMorgan Cazenove Limited (sole financial adviser and corporate broker to       
the Company)                                                                    
Ian Hannam                                   Tel. +44 207 588 2828              
Patrick Magee                                Tel. +44 207 588 2828              
Adam Brett                                   Tel. +44 207 588 2828              
JPMorgan Cazenove Limited, which is authorised and regulated by the             
Financial Services Authority in the United Kingdom, is acting as financial      
adviser and broker to the Company in relation to the Proposals and no one       
else in connection with the Proposals and will not be responsible to anyone     
other than the Company for providing the protections afforded to clients of     
JPMorgan Cazenove Limited nor for providing advice in relation to the           
Proposals or any other matter or arrangement referred to in this                
announcement.                                                                   
The Directors accept responsibility for the information contained in this       
announcement.  To the best of the knowledge and belief of the Directors         
(who have taken all reasonable care to ensure that such is the case), the       
information contained in this announcement is in accordance with the facts      
and does not omit anything likely to affect the import of such information.     
The distribution of this announcement in jurisdictions other than the           
United Kingdom may be restricted by law and therefore any persons who are       
subject to the law of any jurisdiction other than the United Kingdom should     
inform themselves about, and observe, any applicable requirements. This         
announcement has been prepared for the purpose of complying with English        
law and the Code and the information disclosed may not be the same as that      
which would have been disclosed if this announcement had been prepared in       
accordance with the laws of jurisdictions outside the United Kingdom.           
Notice to shareholders of the Company in the United States: the Proposals       
relate to the shares of a company incorporated in England and Wales and are     
proposed to be implemented by means of a scheme of arrangement provided for     
under English company law. A transaction effected by means of a scheme of       
arrangement is not subject to the tender offer rules under the United           
States Securities Act of 1933, as amended. Accordingly, the Proposals are       
subject to the disclosure requirements and practices applicable in England      
and Wales to schemes of arrangement which differ from the disclosure            
requirements of the tender offer rules under the United States Securities       
Act of 1933, as amended. Financial information included in the relevant         
documentation will have been prepared in accordance with accounting             
standards applicable in the United Kingdom that may not be comparable to        
the financial statements of companies in the United States.                     
-end-                                                                           
Date: 14/05/2007 15:08:01 Produced by the JSE SENS Department.