IMP
IMPO                                                                            
IMP - Implats - Impala Platinum Holdings Limited                                
Impala Platinum Holdings Limited                                                
(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                                                                 
("Implats" or "the Company")                                                    
IMPLATS ADOPTS CASH PRESERVATION PROGRAMME                                      
Given the current global financial crisis and economic downturn, the rapid      
decline in platinum group metal prices coupled with lower cash receipts and the 
increased volatility within the capital markets, Implats has suspended its share
buy-back programme.  As at the 19th November 2008, the company had completed    
18.6% of the programme amounting to 5 562 545 shares at a cost of R723.8        
million.                                                                        
Cash preservation is the company`s major focus in the current environment and   
both the board and management are reviewing capital expenditure plans,          
additional cost saving initiatives and all projects including the Marula        
Merensky and Afplats (Leeuwkop) projects. These projects amounted to R9.7       
billion in our original five year R30 billion capital expenditure plan.         
The company will keep the market informed of further developments.              
20 November 2008                                                                
Johannesburg                                                                    
Issued by sponsor: Deutsche Securities (SA)(Proprietary) Limited                
Date: 20/11/2008 16:05:01 Produced by the JSE SENS Department.                  
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