IMP
 IMPO                                                                            
IMP - Implats - Finalisation of the Empowerment Transaction with the RBN        
IMPALA PLATINUM HOLDINGS LIMITED                                                
(Incorporated in the Republic of South Africa)                                  
(Registration No. 1957/001979/06)                                               
ISIN: ZAE000083648                                                              
JSE Share Code: IMP                                                             
LSE Share Code: IPLA                                                            
ADR Code: IMPUY                                                                 
("Implats" or "the company")                                                    
FINALISATION OF THE EMPOWERMENT TRANSACTION WITH THE ROYAL BAFOKENG NATION      
AND ITS SUBSIDIARIES ("THE RBN")                                                
Shareholders were advised on 29 November 2006 that the empowerment              
transaction between Implats and the RBN had been approved by Implats            
shareholders, conditional on:                                                   
1.   the signature by the Minister of Land Affairs of the Notarial Royalty      
Payment Agreement                                                           
2.   the enactment of the necessary legislation to allow for the                
    deductability of the pre-payment of the RBN royalty on a life-of-mine       
    basis                                                                       
Shareholders are advised that the parties have agreed to extend the date for    
fulfillment of the last remaining conditions precedent to finalising the        
transaction to no later than 28 February 2007.  The transaction will be         
implemented in accordance with its terms as soon as these conditions            
precedent have been met.  Shareholders will be advised of the fulfillment of    
the conditions precedent.                                                       
Johannesburg                                                                    
15 December 2006                                                                
Sponsor:                                                                        
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 15/12/2006 13:15:01 Produced by the JSE SENS Department.