IMPALA PLATINUM HOLDINGS LIMITED - Completion of f6 Nov 2017
IMP 201711060035A
Completion of first phase of strategic investment in the Waterberg development project

IMPALA PLATINUM HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1957/001979/06)
JSE Share code: IMP
ISIN: ZAE000175873
ADR code: IMPUY
ISIN: ZAE000083648
(˘Implats÷ or ˘the Group÷)


COMPLETION OF FIRST PHASE OF STRATEGIC INVESTMENT IN THE WATERBERG DEVELOPMENT PROJECT

Further to the announcement on 16 October 2017, Implats announces that it has today closed the first
phase of its investment in the Waterberg development project (˘Waterberg÷) by acquiring a 15%
shareholding in Waterberg for US$30 million from Platinum Group Metals Ltd and Japan Oil, Gas and
Metals National Corporation. As set out in the previous announcement Implats also now has an option to
acquire majority ownership of the project following completion of a definitive feasibility study, as well as a
right of first refusal to smelt and refine Waterberg concentrate.

Located in Limpopo on the northern limb of the Bushveld complex, Waterberg represents a large scale
platinum group metal (˘PGM÷) resource with an attractive risk profile, given its shallow nature and ability
to support a fully mechanized operation with the potential for the project to have amongst the lowest
operating costs in the PGM sector.

The transaction falls below the categorisation threshold in terms of the JSE Limited Listings Requirements.

Queries:
Johan Theron
E?mail: johan.theron@implats.co.za
T: +27 (0) 11 731 9013/43
M: +27 (0) 82 809 0166

Alice Lourens
E?mail: alice.lourens@implats.co.za
T: +27 (0) 11 731 9033/43
M: +27 (0) 82 498 3608

6 November 2017
Johannesburg

Sponsor to Implats
Deutsche Securities (SA) Proprietary Limited

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