IMP 201406240031A
Wage settlement reached at the Impala Rustenburg operation

(Incorporated in the Republic of South Africa)
(Registration number 1957/001979/06)
JSE Share code: IMP
ISIN: ZAE000083648
(“Implats” or “Company”)

Wage settlement reached at the Impala Rustenburg operation

Implats is pleased to advise that a three year wage settlement agreement for its Rustenburg
operation has been signed with the Association of Mineworkers and Construction Union (AMCU).
The agreement will be implemented as of 1 July 2013. This settlement, along with the respective
settlements at Anglo American Platinum Limited and Lonmin Plc, brings to an end the five-month
industry-wide strike in which employees have forfeited collectively earnings of approximately
R10.6 billion and employers have forfeited revenue of approximately R24 billion.

Employees are expected to start returning to work on 25 June 2014, although management expects
that it will take approximately three months for the mine to be fully operational from the time of re-

The agreement will ensure that employees receive an annual basic rate increase, as follows

 Year                     Start date             A & B-level employees        C-level employees
 Year 1                   1 July 2013            R1000                        8.0%
 Year 2                   1 July 2014            R1000                        8.0%
 Year 3                   1 July 2015            R950                         7.5%

All employees will be entitled to back-pay from 1 July 2013 to 22 January 2014 (the strike started on
23 January 2014), of which R5 000 for each employee will be paid within three working days of
returning to work.

As part of the agreement, retirement funding contributions will, as is current practice, remain
calculated on the basic rate for the first year and thereafter the actual contribution amount will
increase by 6% per annum over the remainder of the agreement term.

Living out allowances will increase from R1 850 to R2 000 per month per employee in the first year
and thereafter remain fixed.

Implats’ chief executive, Terence Goodlace, said that he was relieved that AMCU members had
accepted the Company’s fair and final settlement offer. He also acknowledged the contributions
made by the various authorities and senior South African government officials over the last five
months to enable this final settlement.
In particular, Implats would like to thank the former Deputy President, Mr Kgalema Motlanthe, the
Minister of Mineral Resources, Advocate Ngoako Ramatlhodi, and Deputy Minister, Mr Godfrey
Oliphant and members of the Inter-Governmental Technical Task Team for their initiatives and
efforts, which contributed to this breakthrough. Implats also acknowledges the input from the
Minister of Labour, Ms Mildred Oliphant, the initiative of Judge Hillary Rabkin-Naicker of the Labour
Court and the Commission for Conciliation Mediation and Arbitration, whose mediation efforts
contributed to the settlement.

Implats is very aware of the hardship caused by the strike and will provide humanitarian support
during the first month as striking employees return to work. In addition, the Company takes
cognisance of the impact of the strike on surrounding communities and will consider means of
support to contribute to alleviating their hardships.

Implats laments the violence across the industry that accompanied this prolonged strike and
expresses condolences to the families who suffered bereavements and to those who were maimed
in the process.

The immediate focus will be to ensure a safe return to a normal working environment. This will

-   Assessing and improving the health and wellness of employees, and undertaking the necessary
    safety and operational training.
-   Ensuring the underground mining areas and associated infrastructure and equipment are safe
    as conditions have deteriorated over the duration of the five-month strike.
-   Reassessing and, if deemed necessary, re-equipping parts of the mine that have been
    vandalised and in particular those areas where copper cables have been stripped and stolen.

Johan Theron
T: +27 (0) 11 731 9013/43
M: +27 (0) 82 809 0166

Alice Lourens
T: +27 (0) 11 731 9033/43
M: +27 (0) 82 498 3608

24 June 2014

Sponsor to Implats
Deutsche Securities (SA) Proprietary Limited

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