IMPALA PLATINUM HOLDINGS LIMITED                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1957/001979/06)                                            
Share code: (`IMP/IMPO`)                                                        
ISIN: ZAE000003554                                                              
(`Implats` or `the company`)                                                    
Dealing in securities by a Director                                             
In compliance with Rule 3.63 - 3.66 of the Listings Requirements of the JSE     
Securities Exchange, South Africa, we hereby announce the following transactions
in securities by a director.                                                    
Name                               DH Brown                                     
Office held                        Director                                     
Date of transaction                23 May 2005                                  
Sale price per share:              R542.15                                      
Number of shares:                  3 437                                        
Total value of shares:             R1 863 369.55                                
Class of securities:               Ordinary par value shares of 20 cents each   
Nature of transaction              Sale of 1175 R200.00 options and 2262 R344   
options                                      
Nature and extent of                                                            
Director`s interest                Direct beneficial                            
Clearance given in                                                              
terms of paragraph 3.66            Yes                                          
24 May 2005                                                                     
Johannesburg                                                                    
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited               
Date: 24/05/2005 01:14:04 PM                     
Produced by the JSE SENS Department