IMPALA PLATINUM HOLDINGS LIMITED                                                
Registration number:  1957/001979/06                                            
Isin:  ZAE000003554                                                             
Share code:  IMP                                                                
IMPLATS CHAIRMAN TENDERS RESIGNATION                                            
Following the announcement by Gencor yesterday (30 May 2002) of Michael         
McMahon`s intention to resign from the board of Gencor on 25 June 2002,         
Impala Platinum Holdings Limited (Implats) advises that Mr McMahon,             
currently Implats` non-executive Chairman, has consequently also tendered       
his resignation as a director (and as  Chairman) of the Implats board.          
Gencor is Implats` major shareholder and Mr McMahon is Gencor`s nominated       
representative on the Implats board.                                            
Although Vivienne Mennell, another Implats non-executive director will also     
retire from the Gencor board with effect from 25 June, her position as an       
independent non-executive director on the Implats board remains unchanged as    
she is not a Gencor nominee.                                                    
The Implats board will consider the appointment of a Chairman at a meeting      
of the board on 5 June 2002. Mr McMahon`s continuing role on the board in an    
independent capacity will also be considered at this meeting.                   
Implats CEO Keith Rumble acknowledged the role played by Mr McMahon over the    
years - first as CEO of Implats and subsequently as non-executive chairman      
of the board.                                                                   
"Both Michael McMahon and Vivienne Mennell are long-standing and valuable       
members of the Implats board. Michael has considerable experience both in       
the industry and of Implats which has proved invaluable as the company has      
grown in stature over the years. He played a vital role as the architect of     
the transformation of the company from a high-cost, single orebody producer     
to an independent, low-cost and growth-orientated company."                     
31 May 2002                                                                     
For further information see the Implats website:                                                                                      
Queries :                                                                       
Cathie Markus                                                                   
+ 27 11 481 3943                                                                
+ 27 82 441 7166                                                                
Date: 31/05/2002 11:07:00 AM Produced by the SENS Department