Finalisation announcement in relation to the Odd-lot Offer IMPALA PLATINUM HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1957/001979/06) JSE Share code: IMP ISIN: ZAE000083648 JSE Convertible Bond Stock Code: IMCB22 JSE Convertible Bond ISIN: ZAE000247458 ADR code: IMPUY (“Implats” or “the Company”) FINALISATION ANNOUNCEMENT IN RELATION TO THE ODD-LOT OFFER 1. Finalisation information Unless otherwise defined, the definitions and interpretations contained in the circular issued by Implats on Monday, 14 September 2020 (“Circular”) apply, mutatis mutandis, to the terms used in this announcement. On Monday, 14 September 2020, Implats issued the Circular to Implats Shareholders relating to the proposed implementation of the Odd-lot Offer, which will result in the repurchase by the Company of the Odd-lot Holdings from the Odd-lot Holders at the Offer Price, being at a 10% premium to the 30-calendar day volume weighted average price of an Implats Share at the close of business on Monday, 26 October 2020, which Offer Price is equal to 17 272.20150 cents (R172.72201). Further to the results of the General Meeting of Implats Shareholders announced on SENS on Wednesday, 14 October 2020, Implats Shareholders are advised that all conditions precedent to the Odd-lot Offer have now been fulfilled and that the Odd-lot Offer is accordingly unconditional, and Implats will proceed with implementing the Odd-lot Offer. The repurchased Odd-lot Holdings will be delisted with effect from the commencement of trading on or about Wednesday, 11 November 2020 and will thereafter be cancelled. 2. Salient dates and times Implats Shareholders are reminded of the following salient dates and times in relation to the Odd-lot Offer: 2020 Last day to trade to participate in the Odd-lot Offer Tuesday, 3 November Implats Shares trade ex-Odd lot Offer Wednesday, 4 November Forms of election and surrender to be received by the transfer secretaries in South Africa (Computershare Investor Services Proprietary Limited) and the United Kingdom (Computershare Investor Services plc (“Computershare UK”)) by 12:00 (SA time) or 10:00 (UK Friday, 6 November time) Record date for the Odd-lot Offer Friday, 6 November Odd-lot Offer closes at 12:00 (SA time) or 10:00 (UK time) Friday, 6 November Payment of the Cash Consideration to Certificated Odd-lot Holders who have accepted the Odd-lot Offer or who have made no election(4) Monday, 9 November Dematerialised Odd-lot Holders who have accepted the Odd-lot Offer or who have made no election will have their accounts at their CSDP or broker credited with the Cash Consideration Monday, 9 November Results of the Odd-lot Offer released on SENS Monday, 9 November Results of the Odd-lot Offer published in the press Tuesday, 10 November Cancellation and termination of listing of Implats Shares repurchased in terms of the Odd-lot Offer expected on or about Wednesday, 11 November Computershare UK to despatch cheque payments in respect of the Cash Consideration to Odd-lot Holders on the UK share register on or before(4) Friday, 13 November Notes: 1. These salient dates and times are subject to amendment at the discretion of the Company. Any such amendments will be released on SENS. 2. All times quoted are local times in South Africa and in the United Kingdom. 3. Implats Shareholders may not dematerialise or rematerialise their Implats Shares after the last day to trade, being Wednesday, 4 November 2020 to Friday, 6 November 2020, both dates inclusive. 4. Odd-lot Holders on the United Kingdom share register are referred to paragraph 8.2.4 of the Circular, and are hereby advised that Implats has obtained the necessary approval from the SARB to remit the Cash Consideration to Odd-lot Holders who are non-residents of the Common Monetary Area via Computershare UK, whom will make payment to such Odd-lot Holders by cheque. Johannesburg 27 October 2020 Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Legal Adviser Edward Nathan Sonnebergs Inc Date: 27-10-2020 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.