Passing of an independent non-executive director

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


It is with deep sadness that the Implats board of directors (“Board”) announces that Mr Peter
William Davey, an Independent Non-Executive Director passed away on Tuesday, 7 February
2023 after a short illness. Peter served on the Board since June 2013 adding immense value to
Implats during his tenure.

Peter was a mining engineer with substantial production experience in South Africa's deep-level
platinum and gold mining industries. The Company was his first employer in the 1970s. After
completing his Bachelor of Science in Mining Engineering from Cardiff University in 1976, Peter
joined Impala Platinum Limited as a graduate mining engineer in Rustenburg. With more than
a decade of experience in the South African mining industry, and after completing his Master of
Business Administration at the University of the Witwatersrand, Peter began his second career
in the finance industry. He worked for more than 25 years at some of the world's leading
investment banking and audit institutions based in Johannesburg and London, where he
specialised in mining equity research and sales.

He had in-depth knowledge and a broad personal network across both the South African and
global mining industry and financial sector and was highly respected by the executives in the
global mining companies he researched and the investor base he advised. He remained abreast
of societal and industry challenges, an avid reader and regular participant at industry
conferences and forums.

Peter’s understanding of the challenges facing the mining sector, and the need to seek balance
and drive value for all stakeholders, was widely acknowledged. The leadership and
management skills he developed in the mining industry served him well in leading teams at
various financial institutions and he was a trusted and often sought out sounding board for his

Peter’s relationship with Implats extended far beyond his invaluable contribution to the Board
and his input as a member of several committees during the time, including audit and risk;
nominations, governance and ethics; strategy and investment; and health, safety and

Implats Chairperson, Thandi Orleyn, said: ‘Peter embodied an unparalleled combination of
technical and financial experience, impeccable ethics, deep compassion, and a personal
commitment to driving Implats to excel in the broader aspects of social and environmental
performance. We will miss his diligence and our debates, and we mourn the loss of a deeply
respected and trusted colleague.”

Nico Muller, CEO of Implats, said: “Peter was a key source of support and guidance for me over
the past five years and his knowledge and foresight have helped shape the repositioning of
Implats. He was tough, but always fair, and fiercely loyal to our people and Company. I will miss
his wise counsel, irreverent sense of humour and friendship. We mourn the passing of a great
mind and a long-serving and loyal supporter of the mining industry.”

He is survived by his wife, Jo, his children Richard and Kate, and their families. The Board and
management team expresses their heartfelt condolences to Peter’s family, friends and
colleagues on this profound loss.


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

Emma Townshend
T: +27 (0) 21 794 8345
M: +27 (0) 82 415 3770

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

9 February 2023

Sponsor to Implats
Nedbank Corporate and Investment Banking, a division of Nedbank Limited


Date: 09-02-2023 04:52:00
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