Consolidation of Operations of Impala Bafokeng Resources and Impala Platinum IMPALA PLATINUM HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1957/001979/06) JSE share code: IMP ISIN: ZAE000083648 ADR code: IMPUY (Implats) CONSOLIDATION OF OPERATIONS OF IMPALA BAFOKENG RESOURCES AND IMPALA PLATINUM 1. INTRODUCTION (a) Impala Platinum Limited (Impala) and Impala Bafokeng Resources Proprietary Limited (IBR) are both subsidiaries of Implats. (b) In response to low prevailing rand platinum group metal (PGM) pricing and to secure the long-term sustainability of both Impala and IBR, it has been agreed to consolidate the operations of Impala and IBR (consolidation). This consolidation will align the legal structure with current reporting lines in place, and facilitate and progress the realisation of synergies between the two operations. It is expected that, over time, the consolidation will improve profitability and ensure the sustainability of the combined operations, which shall be ongoing and continuous. (c) There is no cash consideration attributable to the consolidation, nor will the shareholders of Implats, Impala or IBR change due to the consolidation. Further, the consolidation does not involve any related parties to the Implats group. Accordingly, this announcement is made voluntarily. 2. CONSOLIDATION (a) To give effect to the consolidation, Impala and IBR entered into an agreement in terms of which IBR will transfer its entire business (comprising the exploration, development and mining of PGMs and activities related thereto) including all its assets and liabilities to Impala as a going concern in terms of the tax rollover provisions as provided for in the Income Tax Act, 1962 (Agreement), after IBR and other companies of the Implats group have implemented certain reorganisational steps relating to the businesses prior to the consolidation. (b) The effective date of the Agreement is 1 July 2025. 1 July 2025 Illovo, Johannesburg Legal Advisors to Implats Alchemy Law Africa ENS Sponsor to Implats Nedbank Corporate and Investment Banking, a division of Nedbank Limited Ends Queries: Johan Theron E-mail: johan.theron@implats.co.za T: +27 (0) 11 731 9013 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 M: +27 (0) 82 498 3608 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. This announcement is for information purposes only. It is not intended to and does not constitute, or form part of, any offer, invitation or the solicitation of any offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to the acquisitions of securities contemplated hereby or otherwise nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. Forward-Looking Statements This announcement contains "forward-looking statements". Forward-looking statements can be identified by words like "may," "will," "likely," "should," "expect," "anticipate," "future," "plan," "believe," "intend," "goal," "seek," "estimate," "project," "continue" and similar expressions. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of Implats' business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Implats' control. Implats' actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. The forward-looking statements included in this announcement are made only as of the date of this announcement, and except as otherwise required by law, Implats does not have any obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances. Page 2 of 2 Date: 01-07-2025 10:03:00 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.