IMP
 IMPO                                                                            
Impala Platinum Holdings Limited - Implats Announces A Smelter Expansion Project
IMPALA PLATINUM HOLDINGS LIMITED                                                
(Incorporated in the Republic of South Africa)                                  
(Registration No. 1957/001979/06)                                               
ISIN: ZAE000003554                                                              
JSE Share Code : IMP                                                            
LSE Share Code : IPLA                                                           
ADR Code : IMPUY                                                                
("Implats" or "the company")                                                    
Implats announces a Smelter expansion project                                   
Impala Platinum Holdings Limited (Implats) is pleased to announce an expansion  
to its Mineral Processes" smelting facility which ultimately will increase its  
capacity to 2.8 million ounces of platinum per annum, after taking into account 
additional drying, converting and gas cleaning capacity at an estimated cost of 
R750 million.                                                                   
The Implats Board has approved an upgrade to the No 4 Furnace, at a cost of R150
million, which will ensure a sustained output of 2.3 million ounces of platinum 
per annum allowing for planned and unplanned furnace maintenance periods.       
This project is in line with expansions at Implats" Precious Metals Refinery    
(PMR) and Base Metals Refinery (BMR) in Springs.                                
Expansion of the PMR from 2.0 to 2.3 million ounces of platinum by 2008 at a    
cost of R50 million has been approved and a feasibility study to increase the   
BMR"s capacity from 2.0 to 2.3 million ounces is currently underway. Conceptual 
studies have already been initiated to increase capacity at both the BMR and    
PMR, initially to 2.5 and subsequently to 2.8 million ounces of platinum.       
Johannesburg                                                                    
16 March 2006                                                                   
Sponsor:                                                                        
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 16/03/2006 05:16:02 PM Produced by the JSE SENS Department