Impala Platinum Holdings Limited - Further cautionary announcement              
  Impala Platinum Holdings Limited                                                
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1957/001979/06)                                            
  Share code: IMP                                                                 
  Issuer code: IMPO                                                               
  LSE: IPLA                                                                       
  ADR"s: IMPUY                                                                    
  ISIN: ZAE000003554                                                              
  ("Implats")                                                                     
  Further cautionary announcement                                                 
  Shareholders are referred to the joint announcement by Implats and Lonmin plc   
  and the Implats cautionary announcement of 18 September 2003 regarding Implats" 
  27,1% stake in Western Platinum Limited and Eastern Platinum Limited.           
  Shareholders are advised that progress towards finalizing the sale is being made
  and, although there can be no assurance that negotiations will be successfully  
  concluded, to exercise caution when dealing in the company"s securities until a 
  further announcement is made.                                                   
  Johannesburg                                                                    
  5 March 2003                                                                    
  Sponsor                                                                         
  Deutsche Securities                                                             
  Member of the Deutsche Bank Group                                               
  Deutsche Securities (SA) Proprietry) Limited                                    
  (Registration number 1995/011798/07)                                            
  Date: 05/03/2004 07:00:09 AM Produced by the JSE SENS Department