Impala Platinum Holdings Limited - Cautionary Announcement
Impala Platinum Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1957/001979/06)
JSE Share code: IMP/IMPO
LSE: IPLA
ADRs: IMPUY
ISIN: ZAE000003554
("Implats" or "the company")
CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the joint announcement by Implats and Lonmin plc
("the parties") and the Implats cautionary announcement of 18 September 2003
regarding Implats" 27,1% stake in Western Platinum Limited and Eastern Platinum
Limited.
Shareholders are advised that it is unlikely that the purchase and sale
agreement will be concluded by 31 December 2003, as previously announced.
However, the parties anticipate that all formal documentation can be signed and
the required funding can be raised by 27 February 2004. The parties continue to
work towards finalizing the conditions required in order to enter into the sale
and purchase agreement, which include the confirmation of the financial
arrangements and advice to their reasonable satisfaction from the Department of
Minerals and Energy that the Mining Charter Scorecard credits in respect of
production/equity ownership will be granted to Implats upon Incwala becoming
HDSA controlled.
Accordingly, shareholders are advised that although there can be no assurance
that negotiations will be successfully concluded, to exercise caution when
dealing in the company"s securities until a further announcement is made.
Johannesburg
12 December 2003
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 12/12/2003 05:55:02 PM Produced by the JSE SENS Department
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