Impala Platinum Holdings Ltd/Royal Bafokeng Platinum Ltd: Joint cautionary announcement IMPALA PLATINUM HOLDINGS LIMITED ROYAL BAFOKENG PLATINUM LIMITED (Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa) (Registration number 1957/001979/06) (Registration number 2008/015696/06) JSE Share code: IMP ISIN: ZAE000083648 JSE share code: RBP ISIN: ZAE000149936 ADR code: IMPUY (“RBPlat”, the “Company” or the “RBPlat Group”) (“Implats”) JOINT CAUTIONARY ANNOUNCEMENT Shareholders of both RBPlat and Implats (“the Parties”) are advised that the Parties are in discussions relating to a non-binding indicative proposal (“Proposal”) from Implats to acquire 100% of the issued ordinary shares of RBPlat, other than treasury shares held by the RBPlat Group by way of a scheme of arrangement in terms of section 114 of the Companies Act, 71 of 2008 (“Proposed Transaction”). Should Implats acquire all the issued ordinary shares in RBPlat, application will be made to the JSE for the issued ordinary shares of RBPlat to be delisted. The Parties have completed a reciprocal due diligence exercise and are progressing a Proposed Transaction implementation agreement. Shareholders will be kept informed of developments in this regard. The Proposal, which contains terms and conditions customary for a transaction of this nature, does not constitute an offer or a firm intention to make an offer as contemplated by regulation 101 of the Companies Regulations, 2011. Accordingly, shareholders are advised to exercise caution when dealing in their RBPlat and/or Implats shares until a further announcement is made. Directors responsibility statements The board of directors of Implats and RBPlat, individually and collectively, accepted full responsibility for the accuracy of the information contained in this announcement and certify that, to the best of their knowledge and belief, such information is true and that this announcement does not omit any facts that would make any of the information false or misleading. The board of directors of Implats and RBPlat have made all reasonable enquires to ascertain that no facts have been omitted and that this announcement contains all information required by law. Johannesburg 27 October 2021 Corporate Advisor and Transaction Sponsor to RBPlat Questco Proprietary Limited Legal Advisor to RBPlat Bowmans JSE Sponsor to RBPlat Merrill Lynch South Africa Proprietary Limited t/a BofA Securities Queries: Lindiwe Montshiwagae Email: lindiwe@bafokengplatinum.co.za Tel: +27 (0)10 590 4510 M: + 27 (0) 82 920 7803 Thandeka Mthembu Email: thandekam@bafokengplatinum.co.za Tel: +27 (0) 10 590 4510 M: +27 (0) 72 674 9601 Financial Advisor to Implats Macquarie Advisory and Capital Markets South Africa (Pty) Ltd Legal Advisor to Implats Alchemy Law Africa Sponsor to Implats Nedbank Corporate and Investment Banking, a division of Nedbank Limited Queries: Johan Theron E-mail: johan.theron@implats.co.za T: +27 (0) 11 731 9013/43 M: +27 (0) 82 809 0166 Emma Townshend E-mail: emma.townshend@implats.co.za T: +27 (0) 21 794 8345 M: +27 (0) 82 415 3770 Alice Lourens E-mail: alice.lourens@implats.co.za T: +27 (0) 11 731 9033/43 M: +27 (0) 82 498 3608 Date: 27-10-2021 08:30:00 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.