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Anglo Platinum/Impala Platinum agreement

02 July, 1999

ANGLO AMERICAN PLATINUM CORPORATION LIMITED
Incorporated in the Republic of South Africa
Registration Number 05/22452/06

IMPALA PLATINUM HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration Number 57/01979/06

JOINT ANNOUNCEMENT

Anglo American Platinum Corporation Limited ("Amplats") and Impala Platinum Holdings Limited ("Implats") announce that they have entered into agreements regarding the exploitation of mineral reserves on the farms Moddergat 389 KQ and Boschkoppie 108 JQ.

The agreements will allow Impala Platinum to mine approximately 2,1 million ounces of platinum from certain areas of Boschkoppie adjacent to its No. 8 and No. 12 Shafts and in return Amplats will have access to a similar reserve covered by Impala’s mineral rights on Moddergat adjacent to Amplats’ Amandelbult mine. The agreements are premised on a reciprocal royalty arrangement.

The agreements permit the optimum exploitation of the relevant mineral rights from existing mine infrastructure. Issued by Johan Adler (Amplats) at
Tel: (011) 373-6637
Cell: 083 627-3918

and

Les Paton (Implats) at
Tel: (011) 481-3918
Cell: 082 448-7102