IMP
 IMPO                                                                            
Implats - Signature of agreements                                               
Impala Platinum Holdings Limited                                                
(Incorporated in South Africa)                                                  
(Registration number 1957/001979/06)                                            
Share code: ("IMP/IMPO")                                                        
ISIN: ZAE000003554                                                              
("Implats" or "the company")                                                    
Signature of agreements                                                         
Shareholders of Implats are referred to the detailed terms announcement dated 14
December 2005 regarding a proposed black economic empowerment ("BEE")           
transaction in respect of Implats.                                              
Shareholders are advised that the requisite legal agreements and documents      
relating to the BEE transaction have been signed.                               
The BEE transaction remains subject to other conditions precedent as listed in  
the terms announcement.                                                         
A circular setting out full details of the BEE transaction and containing a     
notice of general meeting is being prepared and is expected to be posted to     
Implats shareholders in early June.                                             
22 May 2006                                                                     
Johannesburg                                                                    
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited               
Date: 22/05/2006 03:00:03 PM Produced by the JSE SENS Department