Impala Platinum Hldg - Empowerment Transaction.

(From AFX CNF)

RNS Number:4336S Impala Platinum Hldgs 06 March 2007 Impala Platinum Holdings Limited (Incorporated in the Republic of South Africa) (Registration No. 1957/001979/06) ISIN: ZAE000083648 JSE Share Code : IMP LSE Share Code : IPLA ADR Code : IMPUY ("Implats" or "the Company") Royal Bafokeng Nation ("RBN") Royal Bafokeng Holdings (Pty) Limited (Incorporated in the Republic of South Africa) (Registration number 2006/006906/07) ("RBH") JOINT ANNOUNCEMENT REGARDING THE FULFILLMENT OF THE CONDITIONS PRECEDENT RELATING TO THE EMPOWERMENT TRANSACTION WITH THE ROYAL BAFOKENG NATION AND THE FINALISATION OF THE FAIR MARKET VALUE OF THE RBN ROYALTY 1. The Royalty Transaction Shareholders of Implats approved the empowerment transaction with the RBN on 29 November 2006 (the "Royalty Transaction"), conditional on: o the signature by the Minister of Land Affairs of the Notarial Royalty Payment Agreement; and o the enactment of the necessary legislation to allow for the tax deductibility, on a life-of-mine basis, of the pre-payment of all royalties due and payable to the RBN for the 31-year period from 1 July 2007 ("Royalties"). The Minister of Land Affairs signed the Notarial Royalty Payment Agreement on 28 February 2007. Based on the Draft Taxation Laws Amendment Bill, 2007, released for comment on 27 February 2007, and representations made by National Treasury, Implats has agreed to waive the second condition precedent. The Royalty …