Dealing in securities by a director: 
Dealing in securities by a director

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” or “the Company”)

DEALING IN SECURITIES BY A DIRECTOR

In compliance with paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notice is
hereby given of the following dealings by a director of Implats, after having received clearance to
do so in terms of paragraph 3.66 of the JSE Limited Listings Requirements.

These transactions relate to the vesting of the third and final tranche of the once-off notional share
award granted to Mr Muller on his appointment as Chief Executive Officer (CEO) in April 2017. The
award vested on the anniversary of his appointment in tranches of 50% (in 2018) and 25% each in
April 2019 and April 2020. Proceeds of the award have been utilised by the CEO to increase his
holdings under the Minimum Shareholding Requirement (MSR) policy of the Company. Additional
details of Implats' approach to managing performance through remuneration can be found in the
Annual Integrated Report.

Name:                                   NJ Muller
Director:                               Impala Platinum Holdings Limited
Nature of interest:                     Direct Beneficial
Date of transaction:                    1 April 2020
Class of shares:                        Notional shares
Nature of transaction:                  Off market vesting of cash-settled notional shares
5-day VWAP on vesting:                  R79.5600
Number of notional shares:              112 537
Settlement value:                       R8 953 443.72

Date of transaction:                    2 April 2020
Class of shares:                        Ordinary shares
Nature of transaction:                  On market purchase of ordinary shares, to be held in terms
                                        of Minimum Shareholding Requirement (MSR)
Average p price per share:              R71.0867
Highest price per share                 R73.0000
Lowest price per share                  R70.2500
Number of ordinary shares:              68 748
Transaction value (excluding fees):     R4 887 068.45


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

6 April 2020
Johannesburg

Sponsor to Implats
Nedbank Corporate and Investment Banking

Date: 06-04-2020 11:58:00
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