Implats - Dealing in securities by a Director27 Sep 2006
IMP
 IMPO                                                                            
Implats - Dealing in securities by a Director                                   
IMPALA PLATINUM HOLDINGS LIMITED                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1957/001979/06)                                            
Share code: IMP/IMPO                                                            
ISIN: ZAE000003554                                                              
("Implats")                                                                     
DEALING IN SECURITIES BY A DIRECTOR OF IMPLATS                                  
In compliance with Rule 3.63 - 3.66 of the Listings Requirements of the JSE     
Limited we hereby announce the following Zero Cost Collar entered into by a     
director of Implats for hedging purposes:                                       
Name                     KC Rumble                                              
Office held              Executive Director                                     
Date of transaction      22 September 2006                                      
Class of security        Ordinary shares                                        
Number of shares:        11 750                                                 
Nature of interest:      Direct beneficial                                      
Nature of transaction:   Purchase of a European put option by Mr KC Rumble      
                         expiring on 05 September 2008                          
Strike price:            R1 251,20                                              
Total value:             R14 701 600,00                                         
Nature of transaction:   Sale of a European call option by Mr KC Rumble expiring
                         on 05 September 2008                                   
Strike price:            R1 532,72                                              
Total value:             R18 009 460,00                                         
Clearance in terms of paragraph 3.66 was obtained.                              
27 September 2006                                                               
Johannesburg                                                                    
Issued by sponsor: Deutsche Securities (SA)(Proprietary) Limited                
Date: 27/09/2006 02:34:02 PM Produced by the JSE SENS Department