Implats secures US Court Order against A1 Specialised Services and Supplies Limited
IMPALA PLATINUM HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1957/001979/06)
JSE Share code: IMP
ADR code: IMPUY
(“Implats” or the “Company”)
IMPLATS SECURES US COURT ORDER AGAINST A1 SPECIALISED SERVICES AND SUPPLIES LIMITED
Implats wishes to report on a court order issued by the United States District Court for the Eastern
District of Pennsylvania on 26 April 2016, wherein the Court confirmed the award issued by the
London Court of International Arbitration (“LCIA”) and ordered A1 Specialised Services and Supplies
Limited (“A1”) to pay to Implats a total amount of USD201 million.
The court order follows a dispute between Implats and A1 in which Implats asserted that A1
defaulted on amounts due to Implats. The parties agreed to have the matter heard by the LCIA
which duly heard the matter and issued a final award on 9 December 2015 in Implats’ favour for the
full amount claimed by Implats being USD201 million.
Implats will pursue all legal avenues available to it to collect the amount due.
T: +27 (0) 11 731 9013/43
M: +27 (0) 82 809 0166
T: +27 (0) 11 731 9033/43
M: +27 (0) 82 498 3608
4 May 2016
Sponsor to Implats
Deutsche Securities (SA) Proprietary Limited
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