Impala Platinum Holdings Limited - Implats Withdra1 Dec 2005
Impala Platinum Holdings Limited - Implats Withdraws From Ambatovy              
IMPALA PLATINUM HOLDINGS LIMITED                                                
(Incorporated in the Republic of South Africa)                                  
(registration No. 1957/001979/06)                                               
ISIN: ZAE000003554                                                              
JSE Share Code : IMP                                                            
LSE Share Code : IPLA                                                           
ADR Code : IMPUY                                                                
("Implats" of the "the company")                                                
IMPLATS WITHDRAWS FROM AMBATOVY                                                 
Following a meeting in London on 30 November 2005 between Dynatec Corporation,  
Sumitomo Corporation and Impala Platinum Holdings Limited (Implats), Implats    
advises that pursuant to its review of the Ambatovy Project, it has delivered a 
formal notice of withdrawal under the Shareholders Agreement.                   
Internationally, both the capital and production costs relating to mining       
projects have escalated since the initial feasibility study was completed in    
February 2005. While there were synergies for Implats" own nickel production    
cost profile in Implats view, the project as a whole would not meet Implats"    
hurdle rates.                                                                   
1 December 2005                                                                 
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 01/12/2005 09:01:03 AM Produced by the JSE SENS Department