Cautionary

RNS Number:8964P
Impala Platinum Hldgs
18 September 2003




                          IMPALA PLATINUM HOLDINGS LIMITED
                          (Incorporated in the Republic of South Africa)
                          Registration number : 1957/001979/06
                          Share code : IMP / IMPO
                          ISIN ZAE 000003554
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                          ("Implats")
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                          CAUTIONARY ANNOUNCEMENT
                ----------------------------------------------

Shareholders are referred to the joint announcement of today's date by Implats
and Lonmin Plc regarding Implats' 27,1% stake in Eastern Platinum Limited and
Western Platinum Limited.

Shareholders are advised that although there can be no assurance that
negotiations will be successfully concluded, the transaction may have a material
effect on the company's securities.  Accordingly, shareholders are advised to
exercise caution when dealing in the company's securities until a full
announcement is made.



Johannesburg
Sponsor:  Deutsche Bank
18 September 2003







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            The company news service from the London Stock Exchange

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