Notification to bondholders in respect of conversion price adjustment: 
Notification to bondholders in respect of conversion price adjustment

IMPALA PLATINUM HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1957/001979/06)
JSE Share code: IMP
ISIN: ZAE000083648
JSE Convertible Bond Stock Code: IMCB22
JSE Convertible Bond ISIN: ZAE000247458
ADR code: IMPUY
(“Implats”)

NOTIFICATION TO BONDHOLDERS IN RESPECT OF CONVERSION PRICE ADJUSTMENT

IMPALA PLATINUM HOLDINGS LIMITED, ZAR 3,250,000,000 6.375 per cent. Senior Unsecured
Convertible Registered Bonds due 2022 (ISIN: ZAE000247458) (the “Bonds”):

In accordance with the conditions of the Bonds, Implats hereby gives notice to bondholders that, as a
result of the interim dividend declared on 27 February 2020, payable to holders of ordinary shares of
Implats on 23 March 2020, the conversion price for the Bonds has been adjusted from ZAR 50.0092
to ZAR 49.4144, effective as of 18 March 2020.

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

Emma Townshend
E-mail : emma.townshend@implats.co.za
T : +27 (0) 21 794 8345
M : +27 (0) 82 415 3770

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

18 March 2020
Johannesburg

Sponsor to Implats
Nedbank Corporate and Investment Banking

Date: 18-03-2020 08:00:00
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