IMP - Implats - African Platinum Plc - Scheme of A10 May 2007
IMP - Implats - African Platinum Plc - Scheme of Arrangement Update             
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                                                                
FOR IMMEDIATE RELEASE                                                           
Not for release, publication or distribution, in whole or in part, in or        
into Canada, Australia or Japan or any other jurisdiction where to do so        
would constitute a violation of the relevant laws of such jurisdiction.         
Further to the announcement published on SENS on 25 April 2007,                 
shareholders are advised herewith of the announcement made by African           
Platinum plc ("Afplats") in respect of the sanctioning by the Court of the      
Scheme of Arrangement.                                                          
Enquiries to:                                                                   
David Brown              Tel. +27 11 731 9042                                   
Brenda Berlin            Tel. +27 11 731 9023                                   
Morgan Stanley & Co Limited (joint financial adviser to Implats)                
Beth Mandel (SA)         Tel. +27 11 507 0800                                   
Peter Bacchus (UK)       Tel. +44 207 425 8000                                  
Laurence Hopkins (UK)    Tel. +44 207 425 8000                                  
Sansara Financial Services (Pty) Limited (joint financial adviser to            
Sean Chilvers            Tel. +27 11 718 2307                                   
African Platinum plc - Scheme of Arrangement                                    
African Platinum plc                                                            
10 May 2007                                                                     
AFRICAN PLATINUM PLC                                                            
10 May 2007                                                                     
Recommended Cash Acquisition                                                    
African Platinum plc                                                            
Impala Platinum Holdings Limited                                                
Scheme of Arrangement Update                                                    
African Platinum plc (the "Company") announces that, at a hearing held          
earlier today, the Court sanctioned the Scheme of Arrangement by which the      
recommended acquisition of the Company by Impala Platinum Holdings Limited      
is to be effected and confirmed the associated reduction of capital.            
It is expected that the Court Order will be delivered to and registered         
with the Registrar of Companies, and the Scheme will become effective, on       
14 May 2007.                                                                    
The last day of dealings in Afplats Shares will be 11 May 2007.  The            
Company will request that the trading in the Afplats Shares on AIM be           
cancelled with effect from 7:30am on 14 May 2007.                               
It is expected that the consideration payable to the Company`s former           
Shareholders will be despatched by 28 May 2007.                                 
Terms used in this announcement have the same meanings as set out in the        
Scheme Document dated 16 March 2007.                                            
African Platinum plc                                                            
Roy Pitchford                 Tel. +44 207 389 0500                             
Russell Lamming               Tel. +27 11 467 1858                              
JP Morgan Cazenove Limited (sole financial adviser and corporate broker to      
the Company)                                                                    
Ian Hannam                    Tel. +44 207 588 2828                             
Patrick Magee                 Tel. +44 207 588 2828                             
Adam Brett                    Tel. +44 207 588 2828                             
JPMorgan Cazenove Limited, which is authorised and regulated by the             
Financial Services Authority in the United Kingdom, is acting as financial      
adviser and broker to the Company in relation to the Proposals and no one       
else in connection with the Proposals and will not be responsible to anyone     
other than the Company for providing the protections afforded to clients of     
JPMorgan Cazenove Limited nor for providing advice in relation to the           
Proposals or any other matter or arrangement referred to in this                
The Directors accept responsibility for the information contained in this       
announcement.  To the best of the knowledge and belief of the Directors         
(who have taken all reasonable care to ensure that such is the case), the       
information contained in this announcement is in accordance with the facts      
and does not omit anything likely to affect the import of such information.     
Date: 10/05/2007 13:11:19 Produced by the JSE SENS Department.