Impala Platinum Holdings Limited                                                
(Incorporated in the Republic of South Africa)                                  
(Registration No. 1957/001979/06)                                               
JSE Share code: IMP                                                             
LSE: Impla                                                                      
ADRS: Impuy                                                                     
ISIN: ZAE 000003554                                                             
("Implats")                                                                     
Update at Impala                                                                
Impala Platinum Holdings Limited confirmed today that the unprotected and       
illegal work stoppage at its operations on the Impala Lease Area is continuing. 
Although 2,000 employees reported for duty this morning, the majority of the    
18,000 employees engaged in the work stoppage did not report for duty prior to  
the 09:00 deadline.                                                             
Discussions with the National Union of Mineworkers continue.                    
At the same time Impala has issued a notice to employees to return to work and  
has detailed the potential consequences should they fail to do so. Impala       
remains hopeful that the issue can be resolved without resorting to mass        
dismissal.                                                                      
Ends                                                                            
25 March, 2003                                                                  
Issued by Sponsor:                                                              
Deutsche Securities (SA) (Proprietary) Limited                                  
Queries:                                                                        
Ilse Meiring                                                                    
082 448 2447                                                                    
Charmane Russell                                                                
082 372 5816                                                                    
www.implats.co.za