Impala Platinum Holdings Limited · JSE:IMP

Impala Platinum — Royal Bafokeng Platinum — Corporate Update (March 2020)

10 slides from Impala Platinum's corporate update, Mar 3, 2020

1. Slide 1: Styldrift Project Progress Update

   STYLDRIFT PROJECT 20 PROGRESS UPDATE RBPLAT ANALYST ROUNDTABLE 3 MARCH 2020 20

2. Slide 2: At Steady State 2021 vs Where we are (FY19)

   14 0 10.5mØ 6.5mØ 32 4 2 4 Equipped Trucking Main# Services# Trackless Spare Settlers Ore silos stoping stoping 758m deep 723m deep workshops IMS sections sections sections 4.30g/t (4E) 320koz pa 230ktpm Built-Up (4E) head grade At Steady State 2021 Where we are (FY19) 3.77g/t (4E) 169ktpm 160koz Bu

3. Slide 3: 230ktpm Milestone vs Current Production

   230KTPM MILESTONE VS CURRENT PRODUCTION Sustainable steady state production at 230ktpm Performance improvement roadmap Area Requirement Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1’21 Area Current Future Comment Reach 5N and 4S 14 Operational crews 14 Operational crews All mining crews on board Development in t

4. Slide 4: Main infrastructure in place

   Description -> 2018 2019 2020 Date Description -> 2018 2019 2020 Date Rock handling Logistics Temporary  Main shaft  OPC 1,2  Rock hoist  642 Level Y-Leg  Man hoist  Silo 1  Service shaft  OPC 3,4  Water pipes  Silo 2  Air pipes  UG2 bulkhead  Fuel & lube piping  Silo 3  Concrete pipe

5. Slide 5: Improvement areas: efficiency and cost

   Improvement area Description Tip to face distance  37m Avg. reduction Improved efficiency Fleet Efficiency when section becomes Continued focus area equipped Availability + 15%  MTBF: + 83%  MTTR: - 35% Utilisation  Face time  Operator Proficiency IMS Focus areas to improve  Flexibility to mov

6. Slide 6: Mine sections and development schedule

   Main Shaft Services Shaft 600 level on-reef declines north Ventilation Shaft 1,2,3 Section N5 Q1 2021 Section N4 Q2 2020 642 level Section N3 declines north Q4 2019 600 level on-reef Section S2 declines south Q3 2019 Section S3 Q4 2019 Section S4 Q3 2020 642 level east declines 642 level declines so

7. Slide 7: Stoping sections total

   Sections Total Stoping 12 IMS sections 6 TNA with stoping crews 4 DOR with stoping crews 2 Spare sections 0

8. Slide 8: Stoping sections total

   Sections Total Stoping 14 IMS sections 12 DOR with stoping crews 2 Spare sections 0

9. Slide 9: Stoping sections total

   Sections Total Stoping 14 IMS sections 18 TNA with stoping crews 0 Spare sections 4

10. Slide 10: Fundamentals unchanged

    Fundamentals unchanged • High grade, long life • Shallow • Mechanized, low cost • Near term Agile response to challenges • Slow down • De-Coupling • Silo 4 • Constraint management Steady Build-Up to date 2017 – 2020 World class asset Proven infrastructure to underpin sustained steady state productio

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