IMP - Impala Platinum Holdings Limited - Zimplats24 Feb 2012
IMP - Impala Platinum Holdings Limited - Zimplats Indigenisation Update         
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                                                                 
Zimplats Indigenisation Update                                                  
Further to the Government of Zimbabwe`s requirement to submit an Indigenisation 
Implementation Plan ("IIP"), Zimbabwe Platinum Mines (Private) Limited          
("Zimplats"), an indirect 87% subsidiary of Implats, submitted its revised plan 
in November 2011.                                                               
In a letter dated 22 February 2012, Zimplats was advised by the Zimbabwean      
Minister of Youth Development, Indigenisation and Empowerment ("the Minister")  
that the portion of its IIP relating the empowerment credits for the Release of 
Ground agreement entered into in 2006 has been rejected.                        
Implats is concerned to note the statement by the Minister that unless progress 
is made within 14 days to transfer the required shareholding (in lieu of the    
empowerment credits) to the National Indigenisation and Economic Empowerment    
Fund ("NIEEF"), enforcement mechanisms will be activated. The Minister also     
indicated that suitable compensation for the released ground would be           
Shareholders are advised that negotiations with the Minister will be undertaken 
in an attempt to reach a mutually acceptable solution. Shareholders will be     
informed of further material developments as they occur.                        
24 February 2012                                                                
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 24/02/2012 17:00:02 Produced by the JSE SENS Department.                  
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