Impala Platinum Holdings Limited - Sale of Implats" stake in Barplats Holdings  
  Limited                                                                         
  Impala Platinum Holdings Limited                                                
  (Incorporated in the Republic of South Africa)                                  
  (Registration Number: 1957/001979/06)                                           
  JSE Share code: IMP                                                             
  LSE: Impla                                                                      
  ADRS: Impuy                                                                     
  ISIN: ZAE000003554                                                              
  ("Implats")                                                                     
  Sale of Implats" stake in Barplats Holdings Limited ("Barplats")                
  Implats announces today that further progress has been made with regard to the  
  sale of its indirectly held 83.2% stake in Barplats to the Salene Platinum      
  Consortium ("the Consortium").                                                  
  Following the agreement concluded with the Consortium on 5 March 2004, the full 
  purchase price of R388.9 million has been guaranteed by a suitable bank         
  guarantee in favour of Barplats Holdings Limited, a wholly owned subsidiary of  
  Implats.                                                                        
  This represents a purchase price of R2.10 per share.                            
  The transaction remains subject to the approval of the South African Competition
  Commission. It is anticipated that that filing will be made during the course of
  this week. Provided that the transaction is approved by the Competition         
  Commission, it is anticipated that the transaction can be concluded by the      
  financial year end (30 June).                                                   
  Johannesburg                                                                    
  21 April 2004                                                                   
  Queries:                                                                        
  David Brown                                                                     
  +27-11-481-3926                                                                 
  +27-83-254-4084                                                                 
  Cathie Markus                                                                   
  +27-11-481-3925                                                                 
  +27-82-441-7166                                                                 
  Issued by:                                                                      
  Sponsor: Deutsche Securities (SA) (Proprietary) Limited                         
  Date: 21/04/2004 11:11:05 AM Produced by the JSE SENS Department