IMPALA PLATINUM HOLDINGS LTD

During the third quarter ended Mar31/09, tonnage at Marula rose by 18% period on period in line with the ramp-up in production. The deterioration in grade was a result of the scaling down of production at the higher grade Driekop shaft coupled with higher on-reef development at the Clapham conventional project. Platinum in matte production at Zimplats declined by 11% to 25 000 ounces compared to the equivalent period a year ago. This was due to a concentrate pipeline build-up which will be processed into matte in the next quarter. The completion of the plant de-bottlenecking at Mimosa resulted in platinum production in concentrate improving by 41% from the previous comparable period to 24,000 ounces.