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 or the Company)

DEALINGS IN SECURITIES

In compliance with paragraphs 3.63 to 3.65 of the Listings Requirements of the JSE Limited (“JSE”),
notice is hereby given of the following dealings by the directors of Implats, after having received
clearance to do so in terms of paragraph 3.66 of the JSE Listings Requirements.

The Minimum Shareholding Requirement (MSR) policy has been in effect since 1 January 2019. In
line with the terms of the policy, the Social, Transformation and Remuneration Committee has
approved the release of a portion of the excess restricted shares for executives and prescribed
officers who met the MSR requirements at the end of the first 6-year build-up period on 31
December 2024. Following the completion of the first 6-year build-up cycle, participants are required
to maintain the minimum MSR for the duration of their employment with the Company. The next
compliance review is scheduled for 1 October 2025.

The transactions below were pursuant to the on-market and off-market exercise of the Restricted
Share Plan (RSP) in terms of the Company’s Long-Term Incentive Plan Rules (LTIP 2018),
participants had the option to either (a) sell all the released shares (b) sell enough shares to cover
the taxes due and transfer the balance, or (c) transfer all released shares and settle the tax amount
due in cash. The tax event occurs when the shares are released from restriction and transferred to
the participant.

Name:                                 NJ Muller
Designation:                          Executive Director
Company:                              Impala Platinum Holdings Limited
Class of shares:                      Ordinary shares of no par value
Nature of transaction:                On-market sale of vested shares in terms of the RSP
Nature of interest:                   Direct beneficial
Date of transaction:                  26 March 2025
Number of shares in excess:           90 000
Number of shares sold:                41 400
Price per share:                      R123.6125
Value of transaction:                 R5 117 557.50

The participant elected to retain 48 600 shares, and the shares that have been sold are to cover
the taxes due on the shares that have vested.




Name:                                 M Kerber
Designation:                          Executive Director
Company:                              Impala Platinum Holdings Limited
Class of shares:                      Ordinary shares of no par value
Nature of the transaction:            On-market sale of vested shares in terms of the RSP
Nature of interest:                   Direct beneficial
Date of transaction:                  26 March 2025
Number of shares in excess:           7 000
Number of shares sold                 3 220
Price per share:                      R123.6125
Value of transaction:                 R398 032.25

The participant elected to retain 3 780 shares, and the shares that have been sold are to cover the
taxes due on the shares that have vested.

Name:                                 LN Samuel
Designation:                          Executive Director
Company:                              Impala Platinum Holdings Limited
Class of shares:                      Ordinary shares of no par value
Nature of transaction:                On-market sale of vested shares in terms of the RSP
Nature of interest:                   Direct beneficial
Date of transaction:                  26 March 2025
Number of shares in excess:           45 000
Number of shares sold:                45 000
Price per share:                      R123.6125
Value of transaction:                 R5 562 562.50


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
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



31 March 2025
Johannesburg

Sponsor to Implats
Nedbank Corporate and Investment Banking, a division of Nedbank Limited




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