Zimplats Indigenisation Update

 
TIDMIPLA 
 
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") 
 
Zimplats Indigenisation Update 
 
Further to the Government of Zimbabwe's requirement to submit an Indigenisation 
Implementation Plan ("IIP"), Zimbabwe Platinum Mines (Private) Limited 
("Zimplats"), an indirect 87% subsidiary of Implats, submitted its revised plan 
in November 2011. 
 
In a letter dated 22 February 2012, Zimplats was advised by the Zimbabwean 
Minister of Youth Development, Indigenisation and Empowerment ("the Minister") 
that the portion of its IIP relating the empowerment credits for the Release of 
Ground agreement entered into in 2006 has been rejected. 
 
Implats is concerned to note the statement by the Minister that unless progress 
is made within 14 days to transfer the required shareholding (in lieu of the 
empowerment credits) to the National Indigenisation and Economic Empowerment 
Fund ("NIEEF"), enforcement mechanisms will be activated. The Minister also 
indicated that suitable compensation for the released ground would be 
considered. 
 
Shareholders are advised that negotiations with the Minister will be undertaken 
in an attempt to reach a mutually acceptable solution. Shareholders will be 
informed of further material developments as they occur. 
 
24 February 2012 
 
Johannesburg 
 
Sponsor 
 
Deutsche Securities (SA) (Proprietary) Limited 
 
 
 
END