IMP
 IMPO                                                                            
Impala Platinum Holdings Limited - Trading Statement                            
Impala Platinum Holdings Limited                                                
(Incorporated in the Republic of South Africa)                                  
Registration No. 1957/001979/06                                                 
Share code: IMP        ISIN: ZAE000003554                                       
Issuer code: IMPO                                                               
LSE: IPLA                 ADR: IMPUY                                            
("Implats" or "the company")                                                    
TRADING STATEMENT                                                               
Shareholders are advised that Impala Platinum Holdings Limited headline earnings
per share for the half year ended 31 December 2005 are expected to be between   
55% and 75% higher than for the previous comparable period, being the half year 
ended 31 December 2004, largely due to stronger US Dollar metal prices received.
However, basic earnings per share for the half year ended 31 December 2005 are  
expected to be between 30% and 50% lower than for the previous comparable       
period, being the half year ended 31 December 2004, which included the profit   
from the sale of the Lonplats shareholding.                                     
The financial information on which this trading statement is based has not been 
reviewed or reported on by the company"s auditors. The financial results are    
expected to be published on or about 18 February 2006.                          
Johannesburg                                                                    
20 January 2006                                                                 
Sponsor:  Deutsche Securities (Pty) Ltd                                         
Date: 20/01/2006 08:00:04 AM Produced by the JSE SENS Department